Etsy (ETSY) CEO reports option exercise and multi-price stock sales in Form 4

Rhea-AI Filing Summary

Etsy Inc.'s Chief Executive Officer and director reported insider transactions in company stock. On December 1, 2025, the reporting person exercised an employee stock option for 21,666 shares of common stock at an exercise price of $10.62 per share, increasing direct holdings to 100,612 shares before sales. That same day, the insider sold 1,472 shares at a weighted average price of $53.44, 10,398 shares at a weighted average price of $54.44, and 9,796 shares at a weighted average price of $55.09, all under a Rule 10b5-1 trading plan adopted on November 5, 2024.

After these transactions, the insider directly owned 78,946 shares of Etsy common stock and 930,618 stock options. Additional shares are held indirectly through several family trusts, including GST, Non-GST, GRAT, and a 2019 children’s trust, for which the reporting person generally disclaims beneficial 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

OMB APPROVAL

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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).

X

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^*

Silverman Josh

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

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	12/01/2025		M(1)		21,666	A	$10.62	100,612	D
Common Stock	12/01/2025		S(1)		1,472	D	$53.44(2)	99,140	D
Common Stock	12/01/2025		S(1)		10,398	D	$54.44(3)	88,742	D
Common Stock	12/01/2025		S(1)		9,796	D	$55.09(4)	78,946	D
Common Stock								4,942	I	By GST Trust(5)
Common Stock								16,886	I	By Non-GST Trust(6)
Common Stock								42,269	I	By Irrevocable Trust
Common Stock								109,675	I	By GRAT(7)
Common Stock								54,325	I	By 2019 Trust(8)

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
Employee Stock Option (Right to Buy)	$10.62	12/01/2025		M(1)			21,666	(9)	05/03/2027	Common Stock	21,666	$0	930,618	D

Explanation of Responses:

1. This exercise and subsequent sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 5, 2024.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.855 to $53.81, 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.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.85 to $54.84, 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.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.85 to $55.45, 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.

5. 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.

6. 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.

7. These shares are held by the Reporting Person's GRAT. The Reporting Person is the trustee and the beneficiary of the GRAT.

8. 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.

9. 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.

	/s/ Brittany Keen, Attorney-in-Fact	12/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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FAQ

What insider transaction did Etsy (ETSY) report for its CEO on December 1, 2025?

The Chief Executive Officer of Etsy Inc. reported exercising an employee stock option for 21,666 shares of common stock at an exercise price of $10.62 per share on December 1, 2025, followed by several stock sales on the same day.

How many Etsy (ETSY) shares did the CEO sell and at what prices?

On December 1, 2025, the CEO sold 1,472 shares at a weighted average price of $53.44, 10,398 shares at $54.44, and 9,796 shares at $55.09. Each weighted average price reflects multiple trades within the disclosed price ranges.

Was the Etsy (ETSY) CEO’s stock sale under a Rule 10b5-1 trading plan?

Yes. The exercise and subsequent sales were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 5, 2024, as disclosed in the footnotes.

How many Etsy (ETSY) shares does the CEO own directly after these transactions?

After the reported transactions, the CEO directly owned 78,946 shares of Etsy common stock.

What derivative securities related to Etsy (ETSY) does the CEO hold after the filing?

The CEO beneficially owned 930,618 employee stock options following the reported exercise of 21,666 options with an exercise price of $10.62 and an expiration date of May 3, 2027.

What indirect Etsy (ETSY) share holdings are reported through family trusts?

Indirect holdings include 4,942 shares by the JGS 2018 Irrevocable GST Trust, 16,886 shares by the JGS 2018 Irrevocable Non-GST Trust, 42,269 shares by an Irrevocable Trust, 109,675 shares by a GRAT, and 54,325 shares by the 2019 Children’s Trust, with various trustees and disclaimed beneficial ownership where stated.

How do the weighted average prices in the Etsy (ETSY) CEO sales relate to actual trade ranges?

Each weighted average sale price in Column 4 reflects multiple trades. For example, the $53.44 average corresponds to trades between $52.855 and $53.81, with similar disclosed ranges for the $54.44 and $55.09 averages.