[144] Etsy, Inc. SEC Filing
Rhea-AI Filing Summary
Form 144 filed for ETSY showing proposed sale of 1,500 common shares through UBS Financial Services on NASDAQ, with an aggregate market value of $78,352. The shares were acquired via two RSU vesting events on 04/01/2024 (932 shares) and 07/01/2024 (568 shares), totaling 1,500 shares. The filer, identified in prior sales as Nicholas Daniel, sold 1,500 shares on 06/02/2025 for $88,159.20, 1,500 shares on 07/01/2025 for $77,046.60, and 1,500 shares on 08/01/2025 for $88,190.55. The issuer has 99,108,568 shares outstanding per the form. The notice includes the filers representation that no undisclosed material adverse information is known and references Rule 10b5-1 language but provides no plan adoption date. No information on relationship to the issuer or proceeds use is provided.
Positive
- RSU vesting documented showing acquisition legitimacy (932 shares on 04/01/2024 and 568 shares on 07/01/2024).
- Broker and exchange identified (UBS Financial Services; NASDAQ), enabling transparent routing for the proposed sale.
Negative
- Recent insider sales of three 1,500-share blocks in June, July, and August 2025 could be viewed unfavorably by some investors.
- No 10b5-1 plan adoption date provided, limiting clarity on whether the sales were pre-arranged.
Insights
TL;DR: Insider sold multiple blocks of ETSY shares recently; current Form 144 not a disclosure of new company events.
The filing documents a proposed sale of 1,500 ETSY common shares via UBS with an aggregate market value of $78,352 and shows recent executed sales of three separate 1,500-share blocks in June, July, and August 2025 generating gross proceeds of $88,159.20, $77,046.60, and $88,190.55 respectively. Acquisition history shows the shares originated from RSU vesting in 2024. For investors, this is a routine insider liquidity event rather than a company operational disclosure; the issuers total shares outstanding is listed as 99,108,568. The filing lacks any statement of a 10b5-1 plan date.
TL;DR: Filing appears procedurally complete but omits plan-adoption date; includes standard signature representation.
The Form 144 provides required details: broker, sale amount, acquisition method (RSU vestings), and recent sale history. It contains the required representation about absence of undisclosed material information and warning about false statements. The form does not specify the filers relationship to the issuer or indicate reliance on a Rule 10b5-1 plan by date, which are relevant for assessing whether sales were pre-planned. From a compliance perspective, the document meets basic disclosure elements but leaves the plan-adoption field blank.