Etsy chair sells 21,666 shares under trading plan
Etsy Inc. Executive Chair Joshua G. Silverman exercised employee stock options for 21,666 shares of common stock at an exercise price of $10.62 per share on February 2, 2026.
Rhea-AI Filing Summary
Etsy Inc. Executive Chair Joshua G. Silverman exercised employee stock options for 21,666 shares of common stock at an exercise price of $10.62 per share on February 2, 2026. On the same day, he sold 21,666 common shares in open-market transactions at weighted average prices around the low $53 range under a pre-arranged Rule 10b5-1 trading plan adopted on November 5, 2024.
After these transactions, Silverman directly held 90,661 Etsy common shares and 822,286 employee stock options. Additional Etsy shares are reported as indirectly held through various family and estate-planning trusts, with some positions reported subject to disclaimers of beneficial ownership as described in the footnotes.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 21,666 shares ($924K approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Silverman Josh
Role
Director
Sold
21,666 shs ($1.15M)
Approx. gross sale proceeds
$1.15M
Approx. exercise cost
$230K
Approx. pre-tax spread
$924K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 21,666 | $0.00 | $0.00 |
| Exercise | Common Stock | 21,666 | $10.62 | $230K |
| Sale | Common Stock | 21,467 | $53.25 | $1.14M |
| Sale | Common Stock | 199 | $53.83 | $11K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 822,286 contracts (Direct);
Common Stock — 90,661 shares (Direct);
Common Stock — 4,942 shares (Indirect, By GST Trust);
Common Stock — 16,886 shares (Indirect, By Non-GST Trust);
Common Stock — 42,269 shares (Indirect, By Irrevocable Trust);
Common Stock — 109,675 shares (Indirect, By GRAT);
Common Stock — 54,325 shares (Indirect, By 2019 Trust)
Footnotes (7)
- F1. This exercise and subsequent sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 5, 2024.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.665 to $53.64, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. These shares are held by the JGS 2018 Irrevocable GST Trust (the "GST Trust"). The Reporting Person's spouse is the trustee of the GST Trust. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- F4. These shares are held by the JGS 2018 Irrevocable Non-GST Trust (the "Non-GST Trust"). The Reporting Person's spouse is the trustee of the Non-GST Trust. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- F5. These shares are held by a grantor retained annuity trust (the "GRAT"). The Reporting Person is the trustee and the beneficiary of the GRAT.
- F6. These shares are held by the Joshua G. Silverman 2019 Irrevocable Children's Trust (the "2019 Trust"). A family member of the Reporting Person is the trustee of the 2019 Trust. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- F7. These stock options are part of a grant that vested as to 25% on May 4, 2018 with the remainder vesting in 36 equal monthly installments.
FAQ
What did Etsy (ETSY) Executive Chair Joshua Silverman do in this Form 4?
Joshua Silverman exercised 21,666 employee stock options at $10.62 and sold 21,666 Etsy common shares in market transactions around the low-$53 range, all executed under a pre-established Rule 10b5-1 trading plan adopted in November 2024.
What options did Joshua Silverman exercise in this Etsy (ETSY) filing?
He exercised employee stock options to buy 21,666 Etsy common shares at an exercise price of $10.62 per share. These options were part of a grant that began vesting in May 2018 and continued vesting in equal monthly installments thereafter.
Was Joshua Silverman’s Etsy (ETSY) stock sale pre-planned?
Yes. The filing states the option exercise and subsequent share sales were executed under a Rule 10b5-1 trading plan that Joshua Silverman adopted on November 5, 2024, providing a pre-arranged framework for trading his Etsy shares.
What indirect Etsy (ETSY) holdings are reported for Joshua Silverman?
Indirect holdings include Etsy shares in the JGS 2018 Irrevocable GST Trust, the JGS 2018 Irrevocable Non-GST Trust, a grantor retained annuity trust, an irrevocable trust, and the 2019 Children’s Trust, with some positions reported subject to disclaimers of beneficial ownership.
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