[Form 4] Etsy, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 overview: On 17 June 2025, Etsy Inc. (NASDAQ: ETSY) director Charles Andrew Ballard reported two equity transactions under Section 16.

• Non-derivative activity: Ballard acquired 4,878 shares of Etsy common stock at a price of $0 following the vesting and mandatory conversion (Code M) of previously awarded Restricted Stock Units (RSUs). His direct ownership of common shares increased to 8,196 shares after the conversion.
• Derivative activity: • 4,878 RSUs were converted into common shares and therefore cancelled (remaining balance: 0). • He simultaneously received a new grant of 4,733 RSUs (Code A) as part of the board’s annual retainer program. These units vest in full at the next Annual Meeting, provided he remains a director.

Key points for investors: No open-market sale occurred; the transactions reflect routine board compensation and equity alignment rather than an opportunistic disposal. The net increase in directly held common shares signals continued alignment of the director’s personal stake with shareholder interests, but the size—under 10 k shares—is immaterial relative to Etsy’s 120 m+ total shares outstanding and should not meaningfully affect float or valuation.

The filing does not provide any earnings, guidance, or operational updates; therefore, market impact is expected to be limited and informational in nature.

Positive

• Director increased direct common-stock holdings by 4,878 shares, enhancing alignment with shareholders.
• No open-market selling occurred, avoiding a potential negative sentiment signal.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine RSU vesting and grant; neutral impact, slight governance positive.

Ballard converted 4,878 vested RSUs into common stock and received 4,733 new RSUs as his annual board retainer. There was no disposition of shares for cash, so no bearish selling signal is implied. The additional ownership modestly aligns director incentives but is immaterial relative to Etsy’s market cap. The filing contains no financial results or strategy changes; hence, I classify the disclosure as neutral with a mild governance positive for ongoing alignment.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BALLARD CHARLES ANDREW

(Last) (First) (Middle)

C/O ETSY, INC.

117 ADAMS STREET

(Street)

BROOKLYN NY 11201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ETSY INC [ ETSY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/17/2025		M		4,878	A	$0	8,196	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	06/17/2025		M			4,878	(2)	(2)	Common Stock	4,878	$0	0	D
Restricted Stock Units	(1)	06/17/2025		A		4,733		(3)	(3)	Common Stock	4,733	$0	4,733	D

Explanation of Responses:

1. Units correspond 1-for-1 with common stock.

2. 100% of this award vested on June 17, 2025.

3. This award is granted as part of the Reporting Person's annual retainer under the Etsy, Inc. Compensation Program for Non-Employee directors. 100% of this award will vest on the date of the next Annual Meeting of Stockholders, subject to the Reporting Person's continuous service as a member of the Board of Directors on such date.

	/s/ Birttany Keen, Attorney-in-Fact	06/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did Etsy (ETSY) director Charles Andrew Ballard report on this Form 4?

He converted 4,878 RSUs into common shares and received a new grant of 4,733 RSUs on 17 June 2025.

Did the director sell any Etsy shares in this filing?

No. All reported transactions were acquisitions or conversions; there were no sales of common stock.

How many Etsy shares does the director now own directly?

After the transactions, Ballard directly owns 8,196 common shares.

When will the newly granted 4,733 RSUs vest?

They will vest 100 % on the date of Etsy’s next Annual Meeting, subject to continued board service.

Is this Form 4 likely to impact Etsy’s stock price?

Impact is expected to be minimal because the share count is small relative to Etsy’s float and no shares were sold.