[144] Etsy, Inc. SEC Filing

Rhea-AI Filing Summary

Notice of proposed sale under Rule 144 by Josh Silverman. The filer notifies intent to sell 65,000 shares of common stock through UBS Financial Services on 09/08/2025, with an aggregate market value of $3,737,500.00 based on the filing. The shares were acquired and paid for on 09/08/2025 by exercising stock options and paid in cash. The filing also discloses four prior sales by the same person within the past three months totaling 204,998 shares sold on 07/01/2025, 07/24/2025, 08/01/2025, and 09/02/2025 with combined gross proceeds of approximately $12,604,204.68. The notice contains the standard Rule 144 signature and representation about material nonpublic information.

Positive

• Transaction details are transparent: broker (UBS), dates, share counts, and gross proceeds are disclosed
• Acquisition method is explicit: shares acquired via exercise of stock options and paid in cash
• Compliance with Rule 144 formalities: includes required representations regarding material nonpublic information

Negative

• Significant recent insider selling: 204,998 shares sold in past three months with aggregate gross proceeds of approximately $12,604,204.68
• Proposed additional sale: 65,000 shares valued at $3,737,500.00 planned for 09/08/2025, increasing share supply
• Filing gives no operational or rationale context: motives for exercise and sale are not disclosed in the document

Insights

Securities Analyst

TL;DR: Insider selling shows notable realized and proposed liquidity but no company operational details are disclosed.

The filing reports an immediate option exercise and proposed sale of 65,000 shares through UBS, plus multiple recent dispositions totaling 204,998 shares and roughly $12.6 million in gross proceeds. From a trading-impact perspective, concentrated insider sales of this scale can increase available float in the short term and may affect near-term share supply dynamics. The filing itself provides transactional detail but does not include any company performance metrics or explain motivations beyond exercise and sale mechanics, limiting inference about fundamentals.

Corporate Governance Expert

TL;DR: Repeated insider sales highlight governance and disclosure compliance but may prompt investor questions about insider timing.

The document complies with Rule 144 disclosure requirements by identifying the seller, broker, dates, acquisition method (exercise of options), payment method (cash), and recent sale history. While compliance is clear, multiple large sales over a short period could raise governance or market-perception concerns among investors and stakeholders, depending on the individual's role and public communications. The filing includes the required representation that the seller is not aware of undisclosed material adverse information.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	UBS Financial Services, Inc. 11 Madison Avenue 4th Floor New York NY 10010	65000	3737500.00	99108568	09/08/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/08/2025	Exercise of Stock Options	Issuer			65000	09/08/2025	CASH

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Josh Silverman 117 ADAMS STREET Brooklyn NY 11201	Common	07/01/2025	21666	1112906.59
Josh Silverman 117 ADAMS STREET Brooklyn NY 11201	Common	07/24/2025	140000	9100000.00
Josh Silverman 117 ADAMS STREET Brooklyn NY 11201	Common	08/01/2025	21666	1273172.16
Josh Silverman 117 ADAMS STREET Brooklyn NY 11201	Common	09/02/2025	21666	1118125.93

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for ETSY (ETSY) disclose about the proposed sale?

The filing discloses a proposed sale of 65,000 common shares through UBS on 09/08/2025 with an aggregate market value of $3,737,500.00.

How were the 65,000 shares acquired according to the filing?

The shares were acquired on 09/08/2025 by exercise of stock options and paid for in cash.

Has the same person sold ETSY shares recently?

Yes. The filing lists four sales in the past three months totaling 204,998 shares on 07/01/2025, 07/24/2025, 08/01/2025, and 09/02/2025.

What were the gross proceeds from the recent sales listed in the filing?

The combined gross proceeds reported for the listed recent sales are approximately $12,604,204.68.

Through which broker will the proposed sale be executed?

The proposed sale is to be executed through UBS Financial Services, Inc. with an address listed in New York, NY.