Etsy chair sells 41,108 shares after option exercise
ETSY INC executive chair Josh Silverman exercised 41,108 employee stock options at $10.62 per share and acquired the same number of common shares on August 3, 2026.
Rhea-AI Filing Summary
ETSY INC executive chair Josh Silverman exercised 41,108 employee stock options at $10.62 per share and acquired the same number of common shares on August 3, 2026. He then sold 41,108 shares in two blocks (9,060 and 32,048 shares) at weighted average prices of $82.51 and $83.28, respectively, pursuant to a Rule 10b5-1 trading plan adopted on November 20, 2025. Following the option exercise, he reports 24,454 options remaining and indirect interests in several family trusts, with beneficial ownership disclaimed for some of those trust-held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 41,108 shares ($2.98M approx. pre-tax spread)
Exercise and Sale
8 txns
Insider
Silverman Josh
Role
Director
Sold
41,108 shs ($3.42M)
Approx. gross sale proceeds
$3.42M
Approx. exercise cost
$437K
Approx. pre-tax spread
$2.98M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F1, F8 | 41,108 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 41,108 | $10.62 | $437K |
| Sale | Common Stock F1, F2 | 9,060 | $82.51 | $748K |
| Sale | Common Stock F1, F3, F4 | 32,048 | $83.28 | $2.67M |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 24,454 contracts (Direct);
Common Stock — 249,559 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 — 54,325 shares (Indirect, By 2019 Trust)
Footnotes (8)
- 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.92 to $82.91, 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 $82.95 to $83.60, 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. Reflects the transfer of 109,675 shares previously held by the Reporting Person's grantor retained annuity trust to the Reporting Person's direct ownership on July 17, 2026. This transfer is exempt from Section 16 pursuant to Rule 16a-13.
- 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 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.
- F8. 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: 41,108 shares
Shares sold: 41,108 shares
Sale price tranche 1: $82.51 per share
+4 more
7 metrics
Options exercised
41,108 shares
Employee stock options exercised at $10.62 on 2026-08-03
Shares sold
41,108 shares
Two sales of 9,060 and 32,048 shares on 2026-08-03
Sale price tranche 1
$82.51 per share
Weighted average for 9,060-share sale; range $81.92–$82.91
Sale price tranche 2
$83.28 per share
Weighted average for 32,048-share sale; range $82.95–$83.60
Remaining options
24,454 shares
Options with $10.62 exercise price expiring 2027-05-03
10b5-1 plan adoption date
November 20, 2025
Plan governing the reported exercise and share sales
Prior exempt transfer
109,675 shares
Transferred from a grantor retained annuity trust to direct ownership on 2026-07-17
Key Terms
Rule 10b5-1 trading plan, weighted average price, grantor retained annuity trust, Section 16, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"Exercise and 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.
weighted average price financial
"The price reported is a weighted average price for multiple sale transactions."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
grantor retained annuity trust financial
"Reflects transfer of shares previously held by the reporting person’s grantor retained annuity trust."
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.
Section 16 regulatory
"The transfer and certain holdings are described as exempt or defined 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.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of some trust-held 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 did Josh Silverman report in this Form 4 for ETSY?
Josh Silverman reported exercising 41,108 stock options at $10.62 and selling the resulting 41,108 common shares in two transactions on August 3, 2026, under a pre-arranged Rule 10b5-1 trading plan.
How many ETSY stock options did Josh Silverman exercise and what remains?
Josh Silverman exercised 41,108 employee stock options at an exercise price of $10.62 per share. After this transaction, he reports 24,454 options remaining from the same grant, which are scheduled to expire on May 3, 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
