[144] Etsy, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 filed for ETSY by Josh Silverman proposing sale of common stock. The notice shows a proposed sale of 21,666 shares to be executed on 09/02/2025 through UBS Financial Services (Nasdaq), with an aggregate market value of $1,131,723.00. The shares were acquired on 09/02/2025 by exercise of stock options and paid for in cash. The filing also discloses prior sales by the same person during the past three months: 151,666 shares on 06/02/2025, 21,666 on 07/01/2025, 140,000 on 07/24/2025, and 21,666 on 08/01/2025, with reported gross proceeds totaling $20,234,536.90. The filing notes total outstanding shares of 99,108,568.

Positive

• Complete disclosure of planned sale, broker, acquisition method, and prior three months' sales, meeting Rule 144 requirements
• Transaction details provided (dates, share counts, gross proceeds) allowing precise quantification of insider sales
• Securities were acquired by exercise of options and paid in cash, indicating a standard, documented source of the shares

Negative

• Significant insider selling in the past three months: 334,998 shares sold for $20,234,536.90, which may be material to some investors' perception
• Planned additional sale (21,666 shares) continues recent disposal pattern, reducing insider holdings

Insights

Securities Analyst

Insider sale activity disclosed; recent sales are sizeable relative to a single insider.

The filing documents a planned sale of 21,666 shares executed via UBS and shows material insider sales in the prior three months totaling 334,998 shares for gross proceeds of $20,234,536.90. The shares to be sold were acquired via option exercise on the same date and paid in cash, which is a routine mechanic for insiders monetizing equity. The disclosure is complete with broker, transaction dates, acquisition method, and outstanding share count, enabling investors to quantify the insider's recent liquidity events against the company's 99,108,568 shares outstanding.

Corporate Governance Expert

Clear compliance with Rule 144 disclosure requirements; no adverse statements or unknown material facts are included.

The form includes required elements: identity of seller, nature and date of acquisition (option exercise), the broker, planned sale date, share counts, and prior sales for aggregation. The signer affirms absence of undisclosed material adverse information. From a governance perspective, the filing is procedural and transparent; it documents insider liquidity but does not, by itself, disclose reasons for selling or signal noncompliance.

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	21666	1131723.00	99108568	09/02/2025	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	09/02/2025	Exercise of Stock Options	Issuer			21666	09/02/2025	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	06/02/2025	151666	8748458.15
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

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

Who filed this Form 144 for ETSY (ETSY)?

The filing lists Josh Silverman as the person for whose account the securities are to be sold.

How many shares are proposed for sale on 09/02/2025 and what is their value?

The proposed sale is 21,666 shares with an aggregate market value of $1,131,723.00.

How were the shares being sold acquired?

The shares were acquired on 09/02/2025 by exercise of stock options and payment was made in cash.

What insider sales occurred in the past three months for this filer?

Sales listed: 151,666 shares (06/02/2025), 21,666 shares (07/01/2025), 140,000 shares (07/24/2025), and 21,666 shares (08/01/2025), totaling 334,998 shares for gross proceeds of $20,234,536.90.

Through which broker will the proposed sale be executed?

The filing names UBS Financial Services, Inc., 11 Madison Avenue, New York, NY as the broker.