Etsy (ETSY) chair Josh Silverman sells 92,404 shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ETSY INC Executive Chair Josh Silverman exercised stock options and sold shares in a planned transaction. He exercised 92,404 employee stock options at an exercise price of $10.62 per share and sold 92,404 common shares in three open‑market trades at weighted average prices around the mid‑$70s, all under a Rule 10b5‑1 trading plan adopted on November 20, 2025.
The filing also shows 11,372 shares withheld by Etsy to cover tax obligations tied to vesting of restricted and performance stock units, which is not an open‑market sale. After these transactions, Silverman directly holds 139,884 Etsy common shares and has additional indirect holdings through various trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 92,404 shares ($6,923,940)
Net Sell
14 txns
Insider
Silverman Josh
Role
Director
Sold
92,404 shs ($6.92M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 7,302 | $0.00 | -- |
| Exercise | Restricted Stock Units | 13,260 | $0.00 | -- |
| Exercise | Employee Stock Option (Right to Buy) | 92,404 | $0.00 | -- |
| Exercise | Common Stock | 20,562 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,372 | $72.83 | $828K |
| Exercise | Common Stock | 92,404 | $10.62 | $981K |
| Sale | Common Stock | 38,910 | $74.05 | $2.88M |
| Sale | Common Stock | 29,297 | $75.26 | $2.20M |
| Sale | Common Stock | 24,197 | $75.95 | $1.84M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 51,117 shares (Direct);
Employee Stock Option (Right to Buy) — 127,604 shares (Direct);
Common Stock — 151,256 shares (Direct);
Common Stock — 4,942 shares (Indirect, By GST Trust)
Footnotes (1)
- Shares of common stock acquired upon the vesting of the restricted stock units and performance-based restricted stock units ("performance stock units"). 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 and performance stock units.. This exercise and subsequent sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 20, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.66 to $74.655, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.663 to $75.645, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.67 to $76.35, 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. 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. 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. These shares are held by a grantor retained annuity trust (the "GRAT"). The Reporting Person is the trustee and the beneficiary of the GRAT. 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. Represents restricted stock units which correspond 1-for-1 with common stock. The restricted stock units vest in 16 equal quarterly installments, beginning on July 1, 2024, provided the Reporting Person remains continuously employed on, or becomes retirement eligible prior to, such vesting date and has no expiration date. 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. 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: 92,404 shares at $10.62
Shares sold: 92,404 shares
Sale price tranche 1: $74.05 per share
+5 more
8 metrics
Options exercised
92,404 shares at $10.62
Employee stock options exercised on July 1, 2026
Shares sold
92,404 shares
Open-market sales in three trades on July 1, 2026
Sale price tranche 1
$74.05 per share
38,910 shares sold at weighted average price
Sale price tranche 2
$75.26 per share
29,297 shares sold at weighted average price
Sale price tranche 3
$75.95 per share
24,197 shares sold at weighted average price
Tax withholding shares
11,372 shares at $72.83
Shares withheld to cover tax obligations
Direct holdings after
139,884 shares
Common stock directly owned after transactions
GRAT indirect holdings
109,675 shares
Common stock held by a grantor retained annuity trust
Key Terms
Rule 10b5-1 trading plan, restricted stock units, performance stock units, grantor retained annuity trust, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This exercise and subsequent sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 20, 2025."
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.
restricted stock units financial
"Shares of common stock acquired upon the vesting of the restricted stock units and performance-based restricted stock units ("performance stock units")."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance stock units financial
"vesting of the restricted stock units and performance stock units.."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
grantor retained annuity trust financial
"These shares are held by a grantor retained annuity trust (the "GRAT")."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
tax withholding obligations financial
"represents the withholding of shares by the Issuer to satisfy the Reporting Person's tax withholding obligations"
