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Stockholders' Equity
6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Stockholders' Equity
Note 9—Stockholders’ Equity
In December 2020, the Board of Directors approved a stock repurchase program that enables the Company to repurchase up to $250 million of its common stock. The program does not have a time limit and may be modified, suspended, or terminated at any time by the Board of Directors. The number of shares repurchased and the timing of repurchases will depend on a number of factors, including, but not limited to, stock price, trading volume, and general market conditions, along with Etsy’s working capital requirements, general business conditions, and other factors.
Under the stock repurchase program, the Company may purchase shares of its common stock through various means, including open market transactions, privately negotiated transactions, tender offers, or any combination thereof. In addition, open market repurchases of common stock could be made pursuant to trading plans established pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, which would permit common stock to be repurchased at a time that the Company might otherwise be precluded from doing so under insider trading laws or self-imposed trading restrictions. For the three and six months ended June 30, 2021, the Company did not repurchase common stock under the stock repurchase program, and the remaining amount authorized as of June 30, 2021 is $250 million.
In June 2021 the Company repurchased approximately 1.1 million shares of its common stock for approximately $180.0 million concurrently with the issuance of the 2021 Notes, see “Note 7—Debt.” This repurchase was separate from the stock repurchase plan approved by the Board of Directors in December 2020.