[144] ETSY INC SEC Filing

Rhea-AI Filing Summary

Form 144 notice for ETSY, Inc. The filer reports a proposed sale of 70,000 common shares through UBS Financial Services (NASDAQ) on 09/18/2025 with an aggregate market value of $4,550,000.00. The shares were acquired and paid for on 09/18/2025 by exercising stock options, with payment in cash. The filing lists the number of shares outstanding as 99,108,568. The notice also discloses multiple prior sales by Josh Silverman during the past three months: 21,666 shares on 07/01/2025; 140,000 shares on 07/24/2025; 21,666 shares on 08/01/2025; 21,666 shares on 09/02/2025; and 65,000 shares on 09/08/2025, with gross proceeds disclosed for each sale. The filer certifies there is no undisclosed material adverse information.

Insights

Financial Analyst

TL;DR: Routine Rule 144 disclosure of option exercise and planned sale; notable for recent clustered insider dispositions.

The filing documents a planned sale of 70,000 shares via UBS following an option exercise and cash payment on the same date, valued at $4.55 million. The notice also records multiple recent sales by Josh Silverman over the past three months with disclosed gross proceeds, indicating active liquidity-taking by the reported individual. On an absolute basis these lots are small relative to the reported 99,108,568 shares outstanding, suggesting limited immediate market impact; however, clustered insider sales warrant investor awareness. Disclosure appears complete for the transactions listed.

Corporate Governance Expert

TL;DR: Proper compliance with Rule 144 procedures and insider attestation; repeated sales raise governance transparency questions.

The form contains the required elements: broker identification, share counts, acquisition method (exercise of stock options), dates, payment method, and recent sales history. The signer affirms no undisclosed material adverse information. Multiple sales by the named individual are explicitly reported with gross proceeds, which meets disclosure obligations and allows stakeholders to track insider liquidity. No governance violations or omissions are apparent from the disclosed fields.

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	70000	4550000.00	99108568	09/18/2025	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	09/18/2025	Exercise of Stock Options	Issuer			70000	09/18/2025	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
Josh Silverman 117 ADAMS STREET Brooklyn NY 11201	Common	09/08/2025	65000	3737500.00

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)