Etsy Inc. chair exercises options, sells 39K shares
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Form Type
4
Rhea-AI Filing Summary
Josh Silverman, Executive Chair of Etsy Inc., exercised employee stock options for 39,161 shares at $10.62 per share and sold 39,161 common shares at $79.00 under a pre-arranged Rule 10b5-1 plan, leaving 139,884 shares held directly and 88,443 stock options outstanding, alongside additional indirect holdings through various trusts, some of which he disclaims beneficial ownership of.
Insider Trade Summary 10b5-1
Exercise and Sale: 39,161 shares ($2.68M approx. pre-tax spread)
Exercise and Sale
8 txns
Insider
Silverman Josh
Role
Director
Sold
39,161 shs ($3.09M)
Approx. gross sale proceeds
$3.09M
Approx. exercise cost
$416K
Approx. pre-tax spread
$2.68M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F1, F6 | 39,161 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 39,161 | $10.62 | $416K |
| Sale | Common Stock F1 | 39,161 | $79.00 | $3.09M |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 88,443 contracts (Direct);
Common Stock — 139,884 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 (6)
- F1. This exercise and subsequent sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 20, 2025.
- F2. 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.
- F3. 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.
- F4. These shares are held by a grantor retained annuity trust (the "GRAT"). The Reporting Person is the trustee and the beneficiary of the GRAT.
- F5. 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.
- F6. 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
Shares sold: 39161.0000 shares
Sale price: $79.0000 per share
Options exercised: 39161.0000 shares
+3 more
6 metrics
Shares sold
39161.0000 shares
Common stock sold in open-market transaction on 2026-07-10 at $79.0000 per share
Sale price
$79.0000 per share
Price per share for 39161.0000 Etsy common shares sold by Josh Silverman
Options exercised
39161.0000 shares
Common shares acquired on exercise of employee stock options on 2026-07-10 at $10.6200 per share
Exercise price
$10.6200 per share
Exercise price of employee stock options converted into Etsy common stock
Direct holdings after transactions
139884.0000 shares
Etsy common stock held directly by Josh Silverman following the reported transactions
Remaining stock options
88443.0000 options
Employee stock options outstanding after exercise, expiring on 2027-05-03
Key Terms
Rule 10b5-1 trading plan, grantor retained annuity trust, Irrevocable GST Trust, Employee Stock Option (Right to Buy), +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"exercise and subsequent sales were 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.
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.
Irrevocable GST Trust financial
"held by the JGS 2018 Irrevocable GST Trust (the "GST Trust")"
Employee Stock Option (Right to Buy) financial
"security_title": "Employee Stock Option (Right to Buy)""
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Etsy (ETSY) executive chair Josh Silverman report?
Josh Silverman reported exercising 39,161 employee stock options and selling 39,161 Etsy common shares. The options were exercised at $10.62 per share, and the resulting common shares were sold at $79.00 per share under a Rule 10b5-1 trading plan.
What stock options did Josh Silverman exercise in the latest Etsy (ETSY) Form 4?
He exercised employee stock options covering 39,161 shares at an exercise price of $10.62 per share. These options are part of a grant that began vesting in 2018, and 88,443 options from this grant remain outstanding, expiring on May 3, 2027.
Were Josh Silverman’s Etsy (ETSY) trades made under a Rule 10b5-1 plan?
Yes. The option exercise and subsequent share sales were executed under a Rule 10b5-1 trading plan adopted by Josh Silverman on November 20, 2025. Such plans allow pre-scheduled trades, reducing the significance of trade timing as an informational signal.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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