0001209191-23-014677.txt : 20230302
0001209191-23-014677.hdr.sgml : 20230302
20230302162846
ACCESSION NUMBER: 0001209191-23-014677
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230228
FILED AS OF DATE: 20230302
DATE AS OF CHANGE: 20230302
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Silverman Josh
CENTRAL INDEX KEY: 0001525358
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36911
FILM NUMBER: 23699426
MAIL ADDRESS:
STREET 1: 117 ADAMS STREET
CITY: BROOKLYN
STATE: NY
ZIP: 11201
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ETSY INC
CENTRAL INDEX KEY: 0001370637
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 117 ADAMS STREET
CITY: BROOKLYN
STATE: NY
ZIP: 11201
BUSINESS PHONE: (718) 880-3660
MAIL ADDRESS:
STREET 1: 117 ADAMS STREET
CITY: BROOKLYN
STATE: NY
ZIP: 11201
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2023-02-28
0
0001370637
ETSY INC
ETSY
0001525358
Silverman Josh
C/O ETSY INC.
117 ADAMS STREET
BROOKLYN
NY
11201
1
1
0
0
President & CEO
Common Stock
2023-03-01
4
M
0
20850
10.62
A
128155
D
Common Stock
2023-03-01
4
S
0
4608
116.87
D
123547
D
Common Stock
2023-03-01
4
S
0
9387
117.78
D
114160
D
Common Stock
2023-03-01
4
S
0
5714
118.56
D
108446
D
Common Stock
2023-03-01
4
S
0
1081
119.61
D
107365
D
Common Stock
2023-03-01
4
S
0
60
120.53
D
107305
D
Common Stock
4942
I
By GST Trust
Common Stock
16886
I
By Non-GST Trust
Common Stock
42269
I
By Irrevocable Trust
Performance Stock Unit
2023-02-28
4
A
0
7290
0.00
A
Common Stock
7290
7290
D
Employee Stock Option (Right to Buy)
10.62
2023-03-01
4
M
0
20850
0.00
D
2027-05-03
Common Stock
20850
2025950
D
This exercise and subsequent sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 7, 2022, as amended on November 14, 2022.
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.
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.
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.
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.
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.
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.
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.
Units correspond 1-for-1 with common stock.
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.
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.
/s/ Brittany Keen, as Attorney-in-Fact for Josh Silverman
2023-03-02