Etsy chair sells 22,881 shares after option exercise
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Form Type
4
Rhea-AI Filing Summary
ETSY Executive Chair Josh Silverman exercised 22,881 employee stock options at $10.62 and sold an equal number of common shares at $84.00 on July 15, 2026, pursuant to a Rule 10b5-1 trading plan adopted November 20, 2025, leaving 139,884 shares directly held plus additional trust-held interests.
Insider Trade Summary 10b5-1
Exercise and Sale: 22,881 shares ($1.68M approx. pre-tax spread)
Exercise and Sale
8 txns
Insider
Silverman Josh
Role
Director
Sold
22,881 shs ($1.92M)
Approx. gross sale proceeds
$1.92M
Approx. exercise cost
$243K
Approx. pre-tax spread
$1.68M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F1, F6 | 22,881 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 22,881 | $10.62 | $243K |
| Sale | Common Stock F1 | 22,881 | $84.00 | $1.92M |
| 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) — 65,562 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 sale was 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: 22,881 shares
Sale price: $84.00 per share
Options exercised: 22,881 shares
+5 more
8 metrics
Shares sold
22,881 shares
Common stock sold on July 15, 2026 at $84.00 per share
Sale price
$84.00 per share
Price for 22,881 common shares sold on July 15, 2026
Options exercised
22,881 shares
Employee stock options exercised at $10.62 on July 15, 2026
Exercise price
$10.62 per share
Strike price of employee stock options exercised on July 15, 2026
Direct shares after transactions
139,884 shares
Common stock directly held by Josh Silverman after July 15, 2026 transactions
Options remaining
65,562 shares
Employee stock options outstanding after partial exercise, expiring May 3, 2027
GRAT holdings
109,675 shares
Common stock held by a grantor retained annuity trust where Silverman is trustee and beneficiary
2019 Children’s Trust holdings
54,325 shares
Common stock held by the 2019 Irrevocable Children’s Trust; Silverman disclaims beneficial ownership
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
"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.
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
"JGS 2018 Irrevocable GST Trust (the "GST Trust")"
Employee Stock Option (Right to Buy) financial
"Employee Stock Option (Right to Buy) with an exercise price of $10.6200"
Section 16 regulatory
"beneficial owner of these securities for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did Etsy (ETSY) Executive Chair Josh Silverman report in this Form 4?
Josh Silverman exercised 22,881 stock options at $10.62 and sold 22,881 common shares at $84.00 on July 15, 2026. These moves also reduced his option position while leaving him with 139,884 directly held shares afterward.
What stock options did Josh Silverman exercise in this Etsy (ETSY) filing?
He exercised 22,881 Employee Stock Options (Right to Buy) with an exercise price of $10.62 per share. Following this partial exercise, 65,562 options from the same grant remained outstanding, expiring on May 3, 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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