[144] ETSY INC SEC Filing

Rhea-AI Filing Summary

ETSY insider sale notice: This Form 144 indicates a proposed sale of 21,666 shares of common stock through UBS Financial Services on 10/01/2025 with an aggregate market value of $1,440,355.00. The filer reports acquiring the shares on 10/01/2025 by exercise of stock options and paying in cash. The filing also lists multiple recent sales by the same person between 07/01/2025 and 09/29/2025, including blocks of 140,000 and 150,000 shares.

Positive

• Timely compliance with Rule 144 reporting requirements is documented
• Transaction source disclosed: shares acquired via exercise of stock options and paid in cash
• Broker identified for the proposed sale: UBS Financial Services, Inc.

Negative

• Multiple large insider sales listed in Jul–Sep 2025, including 140,000 and 150,000 share blocks
• Concentration of dispositions over a short period may raise investor concern about insider liquidity or sentiment
• Filing contains no explanation for the pattern or purpose of the sales beyond the exercise and cash payment

Insights

Corporate Governance Expert

TL;DR: Multiple large insider sales disclosed; filing shows compliance but raises governance questions about insider disposition timing.

The Form 144 is a routine disclosure that notifies the market of a proposed sale by an insider. It documents that the shares to be sold were acquired by option exercise and that sales will be executed through a registered broker. The repeated large-volume sales shown in July–September 2025, including 140,000 and 150,000 share transactions, are material from a governance-transparency perspective because they may prompt investor questions about the insider's reasons for disposition and whether any pre-arranged plans exist. The filing itself contains the standard representations required under Rule 144 and the signature attestation regarding material non-public information.

Securities Analyst

TL;DR: The notice signals significant insider liquidity events but does not by itself indicate company operational change.

The document reports a proposed sale of 21,666 shares valued at $1,440,355 and lists several recent dispositions by the same person. From a market-impact viewpoint, the presence of multiple sizable sales in a short period can influence short-term supply dynamics, yet this filing does not include company financial results or forward guidance. The transaction source is identified as option exercise with cash payment, which clarifies that these are insider liquidity actions rather than transfers to related parties. Without additional corporate or financial context in the filing, the market implication depends on investor interpretation of insider intent rather than new operational 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	21666	1440355.00	99108568	10/01/2025	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	10/01/2025	Exercise of Stock Options	Issuer			21666	10/01/2025	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
Josh Silverman 117 ADAMS STREET Brooklyn NY 11201	Common	09/18/2025	70000	4550000.00
Josh Silverman 117 ADAMS STREET Brooklyn NY 11201	Common	09/29/2025	150000	10875005.00

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)

FAQ

What does the Form 144 for ETSY (ETSY) report?

The Form 144 reports a proposed sale of 21,666 shares through UBS Financial Services on 10/01/2025 with an aggregate market value of $1,440,355.00.

How were the shares being sold acquired?

The filing states the shares were acquired on 10/01/2025 by exercise of stock options and the payment was made in cash.

Does the filing show recent insider sales for ETSY?

Yes. The filing lists multiple sales by the same person between 07/01/2025 and 09/29/2025, including transactions of 140,000 and 150,000 shares.

Which broker will execute the proposed sale?

The proposed sale is to be executed through UBS Financial Services, Inc., 11 Madison Avenue, New York, NY.

Does the Form 144 state whether the seller has material non-public information?

By signing, the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.