[Form 4] ETSY INC Insider Trading Activity

Rhea-AI Filing Summary

Toni Nadal Thompson, Chief Human Resources Officer at ETSY, Inc. (ETSY), reported transactions dated 10/01/2025. The filing shows 5,571 shares of common stock acquired upon the vesting of restricted stock units (RSUs) at a $0 price, and a separate disposition of 2,845 shares withheld by the issuer to satisfy tax withholding at an indicated price of $70.49. After these transactions the reporting person beneficially owned 8,309 shares of common stock.

The filing also lists RSU settlements recorded as derivative activity: grants/vests of 1,168, 989, and 3,414 units (each converting 1-for-1 to common stock) with resulting beneficial ownership figures shown as 1,169, 2,967, and 34,140 shares respectively. The RSUs have varying vesting schedules described in the explanation (semi-annual and quarterly installments beginning April 1, 2024 or July 1, 2025) and no expiration dates are stated.

Insights

Compensation & Equity Analyst

Confirmed RSU vesting and tax-withholding reduced net shares by 2,845.

The Form 4 documents the conversion of vested RSUs into 5,571 shares on 10/01/2025, followed by issuer withholding of 2,845 shares to cover taxes at $70.49 per share. This is a routine payroll-tax withholding event tied to equity compensation.

The disclosed RSU schedules show staggered vesting across plans (semi-annual and quarterly installments starting in April 2024 and July 2025), indicating ongoing equity compensation expense recognition and future share issuances if vesting conditions continue to be met.

Corporate Governance Analyst

Insider holdings remain modest at 8,309 reported shares after these transactions.

The reporting person is identified as the company’s Chief Human Resources Officer, and the Form 4 shows routine insider activity tied to compensation rather than open-market trading. The filing was signed by an attorney-in-fact on 10/03/2025.

This disclosure is material for transparency of insider holdings but does not, by itself, indicate a change in control or major shift in insider ownership.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Nadal Toni Thompson

(Last) (First) (Middle)

C/O ETSY, INC.

117 ADAMS STREET

(Street)

BROOKLYN NY 11201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ETSY INC [ ETSY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF HUMAN RESOURCES OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	10/01/2025		M		5,571	A	$0	11,154	D
Common Stock	10/01/2025		F(2)		2,845	D	$70.49	8,309	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(3)	10/01/2025		M			1,168	(4)	(4)	Common Stock	1,168	$0	1,169	D
Restricted Stock Units	(3)	10/01/2025		M			989	(5)	(5)	Common Stock	989	$0	2,967	D
Restricted Stock Units	(3)	10/01/2025		M			3,414	(6)	(6)	Common Stock	3,414	$0	34,140	D

Explanation of Responses:

1. Shares of common stock acquired upon the vesting of the restricted stock units.

2. This transaction reported represents the withholding of shares by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting and settlement of the restricted stock units.

3. Represents restricted stock units which correspond 1-for-1 with common stock.

4. The restricted stock units vest in 5 equal semi-annual installments, beginning on April 1, 2024, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.

5. The restricted stock units vest in 7 equal semi-annual installments, beginning on April 1, 2024, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.

6. The restricted stock units vest in 12 equal quarterly installments, beginning on July 1, 2025, provided the Reporting Person remains continuously employed on, or becomes retirement eligible prior to, such vesting date and has no expiration date.

	/s/ Brittany Keen, Attorney-in-Fact	10/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Toni Nadal Thompson (ETSY) report on Form 4 dated 10/01/2025?

The filing reports the vesting of RSUs that converted into 5,571 common shares, and the issuer withheld 2,845 shares for tax withholding at $70.49, leaving 8,309 shares beneficially owned.

How many RSU units vested and converted to shares in this filing?

The derivative section lists vested RSU amounts of 1,168, 989, and 3,414 units, each converting 1-for-1 to common stock as disclosed.

What vesting schedules are disclosed for the RSUs in the Form 4?

The filing states: some RSUs vest in 5 equal semi-annual installments starting April 1, 2024, others in 7 equal semi-annual installments starting April 1, 2024, and a third group vests in 12 equal quarterly installments beginning July 1, 2025.

Does this Form 4 indicate open-market purchases or sales by the reporting person?

No. The reported acquisition is due to RSU vesting (non‑market) and the disposition is issuer tax withholding; there is no open-market purchase or sale code in these transactions.

Who signed the Form 4 and when?

The form was signed by /s/ Brittany Keen, Attorney-in-Fact on 10/03/2025 as the signature of the reporting person.