Etsy CEO exercises 21,666 options at $10.62; sells equal shares
Etsy, Inc. reported that CEO and Director Joshua G. Silverman executed a pre‑scheduled Rule 10b5‑1 plan transaction on 11/03/2025.
Rhea-AI Filing Summary
Etsy, Inc. reported that CEO and Director Joshua G. Silverman executed a pre‑scheduled Rule 10b5‑1 plan transaction on 11/03/2025. He exercised 21,666 employee stock options at an exercise price of $10.62 per share and sold an equal total of 21,666 shares in three open‑market tranches.
The reported weighted‑average sale prices were $60.40 (range $59.995–$60.98) for 4,919 shares, $61.69 (range $60.99–$61.98) for 12,930 shares, and $62.06 (range $62.01–$62.215) for 3,817 shares. Following these transactions, Silverman held 78,946 shares directly. The filing also lists additional indirect holdings through various family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 21,666 shares ($1.10M approx. pre-tax spread)
Exercise and Sale
10 txns
Insider
Silverman Josh
Role
Chief Executive Officer
Sold
21,666 shs ($1.33M)
Approx. gross sale proceeds
$1.33M
Approx. exercise cost
$230K
Approx. pre-tax spread
$1.10M
| 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 | 4,919 | $60.40 | $297K |
| Sale | Common Stock | 12,930 | $61.69 | $798K |
| Sale | Common Stock | 3,817 | $62.06 | $237K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 952,284 contracts (Direct);
Common Stock — 78,946 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 (9)
- 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 $59.995 to $60.98, 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 $60.99 to $61.98, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.01 to $62.215, 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.
- F5. 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.
- F6. 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.
- F7. These shares are held by the Reporting Person's GRAT. The Reporting Person is the trustee and the beneficiary of the GRAT.
- F8. 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.
- F9. 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.
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