Etsy (ETSY) chair Josh Silverman vests awards, sells small share block
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Etsy Inc.'s Executive Chair Josh Silverman reported multiple equity compensation events and related share dispositions. On April 1, 2026, restricted stock units and performance stock units vested and were settled into 89,569 shares of common stock. He also exercised an employee stock option covering 6,074 shares at a $10.62 exercise price.
To cover tax obligations from these vestings, the issuer withheld 49,536 shares of common stock. Silverman then sold 5,868 shares at $49.02 and 206 shares at $50.36 in open-market transactions under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, he directly held 130,900 Etsy shares, with additional indirect holdings in several family trusts, some of which he expressly disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 6,074 shares ($298,024)
Net Sell
17 txns
Insider
Silverman Josh
Role
Director
Sold
6,074 shs ($298K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 7,303 | $0.00 | -- |
| Exercise | Restricted Stock Units | 13,260 | $0.00 | -- |
| Exercise | Restricted Stock Units | 7,190 | $0.00 | -- |
| Exercise | Restricted Stock Units | 8,655 | $0.00 | -- |
| Exercise | Performance Stock Unit | 42,252 | $0.00 | -- |
| Exercise | Performance Stock Unit | 10,909 | $0.00 | -- |
| Exercise | Employee Stock Option (Right to Buy) | 6,074 | $0.00 | -- |
| Exercise | Common Stock | 89,569 | $0.00 | -- |
| Tax Withholding | Common Stock | 49,536 | $49.97 | $2.48M |
| Exercise | Common Stock | 6,074 | $10.62 | $65K |
| Sale | Common Stock | 5,868 | $49.02 | $288K |
| Sale | Common Stock | 206 | $50.36 | $10K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 58,419 shares (Direct);
Performance Stock Unit — 0 shares (Direct);
Employee Stock Option (Right to Buy) — 816,212 shares (Direct);
Common Stock — 180,230 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 $49.00 to $49.33, 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 $50.18 to $50.38, 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. The restricted stock units vest in 8 equal semi-annual installments, beginning on October 1, 2022, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date. The restricted stock units vest in 8 equal semi-annual installments, beginning on October 1, 2023, provided the Reporting Person remains continuously employed on, or becomes retirement eligible prior to, such vesting date and has no expiration date. Represents performance stock units which correspond 1-for-1 with common stock. The earned performance stock units vested on April 1, 2026, provided the Reporting Person remains continuously employed on such vesting date, and have no expiration date. The earned performance stock units vests in equal installments on each of April 1, 2026 and April 1, 2027, provided the Reporting Person remained continuously employed on each vesting date and had 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
Shares from vested awards: 89,569 shares
Option exercise size: 6,074 shares
Option exercise price: $10.62/share
+5 more
8 metrics
Shares from vested awards
89,569 shares
Common stock acquired from RSU and PSU vesting on April 1, 2026
Option exercise size
6,074 shares
Employee stock option exercised into Etsy common stock
Option exercise price
$10.62/share
Exercise price for employee stock option grant
Tax withholding shares
49,536 shares
Shares withheld to satisfy tax obligations on vesting
Sale at $49.02
5,868 shares
Open-market sale of Etsy common stock
Sale at $50.36
206 shares
Additional open-market sale of Etsy common stock
Direct holdings after
130,900 shares
Etsy common stock directly held following transactions
GRAT holdings
109,675 shares
Indirect Etsy common stock held by a grantor retained annuity trust
Key Terms
restricted stock units, performance stock units, Rule 10b5-1 trading plan, grantor retained annuity trust, +1 more
5 terms
restricted stock units financial
"Shares of common stock acquired upon the vesting of the restricted 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
"performance-based restricted stock units ("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.
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.
tax withholding obligations financial
"withholding of shares by the Issuer to satisfy the Reporting Person's tax withholding obligations"
FAQ
What did Etsy (ETSY) Executive Chair Josh Silverman report in this Form 4?
Josh Silverman reported equity awards vesting, an option exercise, tax share withholding, and small share sales. Restricted and performance stock units converted into common stock, an option was exercised, and limited shares were sold under a Rule 10b5-1 plan, while his overall direct holdings remained substantial.