Form 4 for ETSY ETSY INC
Accepted 2023-03-02 00:00:00 ET · period of report 2023-02-28 · accession 0001209191-23-014677 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-03-02 | 2023-03-01 | ETSY | Silverman Josh | Pres, CEO, Dir | M - OptEx | $10.62 | +20.9K | 128.2K | +19% | +$221.4K |
| DM | 2023-03-02 | 2023-03-01 | ETSY | Silverman Josh | Pres, CEO, Dir | S - Sale+OE | $117.90 | -20.9K | 114.2K | -15% | -$2.46M |
| D | 2023-03-02 | 2023-02-28 | ETSY | Silverman Josh | Pres, CEO, Dir | A - Grant | $0.00 | +7,290 | 7,290 | New | $0 |
| D | 2023-03-02 | 2023-03-01 | ETSY | Silverman Josh | Pres, CEO, Dir | M - OptEx | $0.00 | -20.9K | 2.03M | -1% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-03-01 | M | A | 20,850 | $10.62 | 128,155 | D | — | — | |
| 2 | Common | Common Stock | 2023-03-01 | S | D | 4,608 | $116.87 | 123,547 | D | — | — | (F2) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.36 to $117.34, 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. |
| 3 | Common | Common Stock | 2023-03-01 | S | D | 5,714 | $118.56 | 108,446 | D | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $118.37 to $119.32, 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. |
| 4 | Common | Common Stock | 2023-03-01 | S | D | 60 | $120.53 | 107,305 | D | — | — | |
| 5 | Common | Common Stock | 2023-03-01 | S | D | 1,081 | $119.61 | 107,365 | D | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $119.39 to $120.305, 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. |
| 6 | Common | Common Stock | 2023-03-01 | S | D | 9,387 | $117.78 | 114,160 | D | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.36 to $118.33, 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. |
| 7 | Derivative | Performance Stock Unit | 2023-02-28 | A | A | 7,290 | $0.00 | 7,290 | D | — · — to — | 7,290 Common Stock | (F8) The Reporting Person has irrevocably elected to satisfy all withholding tax due upon the delivery of shares by authorizing Etsy, Inc. to withhold a sufficient amount of shares to satisfy such tax obligation. (F10) Represents the number of shares earned under a performance-based restricted stock unit award (the "PSU") based on the Issuer's satisfaction of certain performance criteria of the award. In light of the performance-based vesting conditions of the award, such shares were not reportable under Section 16 until performance conditions were certified by the Compensation Committee as achieved (which occurred on February 28, 2023). The earned shares will vest as to 1/3 of the earned shares on each of April 1, 2023, 2024 and 2025 and have no expiration date. In addition, the PSUs being reported herein represent one-third of the total number of shares subject to the performance award. The remaining shares subject to the performance award will vest only upon the satisfaction of additional performance vesting criteria. Each PSU represents the contingent right to receive one share of common stock of the Issuer. (F9) Units correspond 1-for-1 with common stock. |
| 8 | Derivative | Employee Stock Option (Right to Buy) | 2023-03-01 | M | D | 20,850 | $0.00 | 2,025,950 | D | $10.62 · — to 2027-05-03 | 20,850 Common Stock | (F11) 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 subject to continued service on each vesting date. |