[Form 4] Etsy, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Etsy, Inc. (ETSY) Form 4 highlights: On 17 June 2025 director Gary S. Briggs reported two equity-related transactions.

• RSU vesting & conversion (Code M): 4,878 restricted stock units converted 1-for-1 into common shares at an exercise price of $0, increasing his direct common-stock position to 20,435 shares.
• New RSU grant (Code A): 4,733 additional RSUs awarded under the non-employee director compensation program. These units will vest in full on the date of the next annual shareholder meeting, conditional on continued board service.

No shares were sold in the reported period; the director’s derivative holdings now total 4,733 RSUs and no options remain outstanding from the vested award. The filing signals a modest increase in insider ownership without creating immediate selling pressure, and is routine within Etsy’s board compensation framework.

Positive

• Director increased direct share ownership by 31% (from 15,557 to 20,435 common shares) through RSU vesting, suggesting continued alignment with shareholder interests.
• No shares were sold, avoiding potential negative sentiment associated with insider disposals.

Negative

• None.

Insights

Senior Financial Analyst

TL;DR: Routine director RSU vesting and new grant; net increase in ownership, no market impact.

The Form 4 discloses standard board compensation activity for director Gary Briggs. The automatic vesting of 4,878 RSUs converts to common shares at no cost, boosting his directly held stock to 20,435 shares. Simultaneously, the annual retainer delivered 4,733 new RSUs that will fully vest at the next shareholder meeting. No sales occurred, and the director retains all converted shares, which can be viewed as a vote of confidence but is typical given tax planning windows and small relative size (<1% of float). From a valuation perspective, dilution is immaterial and the absence of disposals removes any negative signal. Overall impact to investors is neutral.

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
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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^*

BRIGGS GARY S

(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	20,435	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/ Brittany 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.
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FAQ

What did Etsy director Gary Briggs report in the latest Form 4?

Vesting of 4,878 RSUs into common stock and a new grant of 4,733 RSUs on 17 June 2025.

Did the insider sell any ETSY shares?

No. The filing shows only acquisitions through conversion and grant; no dispositions were reported.

How many Etsy shares does Gary Briggs now own directly?

After the transaction, he holds 20,435 common shares directly.

When will the newly granted RSUs vest?

The 4,733 RSUs will vest in full at the next Annual Meeting of Stockholders, contingent on board service.

Is this filing likely to affect ETSY stock price?

The activity is routine and minor relative to float, so market impact should be negligible.