Etsy chair sells 13,367 shares after option exercise
Etsy’s Executive Chair exercised stock options for 13,367 shares and sold the resulting shares under a pre-arranged Rule 10b5-1 trading plan.
Rhea-AI Filing Summary
ETSY INC (ETSY) director and Executive Chair of the Board Josh Silverman reported an exercise-and-sell sequence under a Rule 10b5-1 trading plan. He exercised employee stock options for a total of 13,367 shares of common stock at an exercise price of $10.62 per share and sold the same 13,367 shares on September 1 and 3, 2026 at prices around the low- to mid‑$80s. The filing also notes indirect holdings in several family trusts, for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 13,367 shares ($956K approx. pre-tax spread)
Exercise and Sale
11 txns
Insider
Silverman Josh
Role
Director
Sold
13,367 shs ($1.10M)
Approx. gross sale proceeds
$1.10M
Approx. exercise cost
$142K
Approx. pre-tax spread
$956K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F1, F7 | 1,671 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 1,671 | $10.62 | $18K |
| Sale | Common Stock F1 | 1,671 | $84.00 | $140K |
| Exercise | Employee Stock Option (Right to Buy) F1, F7 | 11,696 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 11,696 | $10.62 | $124K |
| Sale | Common Stock F1, F2 | 4,159 | $81.33 | $338K |
| Sale | Common Stock F1, F3 | 7,537 | $82.13 | $619K |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 4,793 contracts (Direct);
Common Stock — 249,559 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 — 54,325 shares (Indirect, By 2019 Trust)
Footnotes (7)
- F1. This exercise and subsequent sale was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 20, 2025.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.71 to $81.685, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.77 to $82.675, 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.
- F4. 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.
- F5. 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.
- 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.
Key Figures
Options exercised (shares): 13,367 shares
Option exercise price: $10.62 per share
Shares sold: 13,367 shares
+5 more
8 metrics
Options exercised (shares)
13,367 shares
Employee stock options exercised into common stock on September 1 and 3, 2026
Option exercise price
$10.62 per share
Exercise price for employee stock options converted to common stock
Shares sold
13,367 shares
Total ETSY common shares sold across reported transactions
Sale price example
$84.00 per share
Price for 1,671 ETSY shares sold on September 3, 2026
Weighted average sale price
$81.33 per share
Weighted average for 4,159 shares, trades from $80.71 to $81.685
Weighted average sale price
$82.13 per share
Weighted average for 7,537 shares, trades from $81.77 to $82.675
GST Trust indirect holding
4,942 shares
Common stock held by JGS 2018 Irrevocable GST Trust; beneficial ownership disclaimed
2019 Trust indirect holding
54,325 shares
Common stock held by the 2019 Trust; beneficial ownership disclaimed
Key Terms
Rule 10b5-1 trading plan, Employee Stock Option (Right to Buy), weighted average price, beneficial ownership, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This exercise and subsequent sale was made pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Employee Stock Option (Right to Buy) financial
"security title is reported as Employee Stock Option (Right to Buy)"
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Irrevocable Trust financial
"These shares are held by the Joshua G. Silverman 2019 Irrevocable Children's Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
FAQ
What insider transactions did ETSY’s Executive Chair report on this Form 4?
Josh Silverman reported exercising employee stock options for 13,367 ETSY shares at $10.62 per share and selling the same 13,367 shares on September 1 and 3, 2026 at prices in the low- to mid‑$80s per share.
Were Josh Silverman’s ETSY stock transactions under a Rule 10b5-1 plan?
Yes. The exercise and subsequent sale were made pursuant to a Rule 10b5-1 trading plan adopted by Josh Silverman on November 20, 2025, as disclosed in the footnotes.
What option terms are disclosed for Josh Silverman’s ETSY employee stock options?
The employee stock options had an exercise price of $10.62 per share and are reported with an expiration date of May 3, 2027. A footnote states they vested 25% on May 4, 2018, with the remainder vesting in 36 equal monthly installments.
At what prices did Josh Silverman sell ETSY common stock?
Reported sale prices include $84.00 per share for 1,671 shares. Weighted average prices of $81.33 and $82.13 per share are also disclosed, with underlying trades ranging from $80.71–$81.685 and $81.77–$82.675 per share, respectively.
AI-generated analysis. How Rhea-AI works. Not financial advice.
