Josh Silverman - May 1, 2025 Form 4 Insider Report for ETSY INC (ETSY)

Role
Chief Executive Officer, Director
Signature
/s/ Brittany Keen, Attorney-in-Fact
Stock symbol
ETSY
Transactions as of
May 1, 2025
Transactions value $
-$473,370
Form type
4
Date filed
5/5/2025, 05:18 PM
Previous filing
Apr 3, 2025
Next filing
Jun 4, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Silverman Josh Chief Executive Officer, Director C/O ETSY INC., 117 ADAMS STREET, BROOKLYN /s/ Brittany Keen, Attorney-in-Fact 2025-05-05 0001525358

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETSY Common Stock Options Exercise $230K +21.7K +68.09% $10.62 53.5K Apr 1, 2025 Direct F1, F2
transaction ETSY Common Stock Options Exercise $230K +21.7K +40.51% $10.62 75.2K May 1, 2025 Direct F2
transaction ETSY Common Stock Sale -$533K -12.5K -16.59% $42.77 62.7K May 1, 2025 Direct F2, F3
transaction ETSY Common Stock Sale -$400K -9.2K -14.68% $43.52 53.5K May 1, 2025 Direct F2, F4
holding ETSY Common Stock 4.94K May 1, 2025 By GST Trust F5
holding ETSY Common Stock 16.9K May 1, 2025 By Non-GST Trust F6
holding ETSY Common Stock 42.3K May 1, 2025 By Irrevocable Trust
holding ETSY Common Stock 164K May 1, 2025 By GRAT F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ETSY Employee Stock Option (Right to Buy) Options Exercise $0 -21.7K -1.29% $0.00 1.66M Apr 1, 2025 Common Stock 21.7K $10.62 Direct F1, F2, F8
transaction ETSY Employee Stock Option (Right to Buy) Options Exercise $0 -21.7K -1.31% $0.00 1.64M May 1, 2025 Common Stock 21.7K $10.62 Direct F2, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Please see the Remarks box below.
F2 This exercise and subsequent sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 5, 2024.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.15 to $43.14, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.16 to $43.96, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 These shares are held by the JGS 2018 Irrevocable GST Trust (the "GST Trust"). The Reporting Person's spouse is the trustee of the GST Trust. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F6 These shares are held by the JGS 2018 Irrevocable Non-GST Trust (the "Non-GST Trust"). The Reporting Person's spouse is the trustee of the Non-GST Trust. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F7 These shares are held by the Reporting Person's Grantor Retained Annuity Trust (the "GRAT"). The Reporting Person is the trustee and the beneficiary of the GRAT.
F8 These stock options are part of a grant that vested as to 25% on May 4, 2018 with the remainder vesting in 36 equal monthly installments.

Remarks:

Reflects a correction to the Reporting Person's Form 4 filed with the Securities and Exchange Commission on April 3, 2025. Due to an administrative error, the exercise of 21,666 options was inadvertently omitted from Table II and the same number of shares acquired on the exercise of the options was inadvertently omitted from Table I. Only the subsequent sales related to the option exercise were reported.