Etsy (NASDAQ: ETSY) Executive Chair receives new performance stock unit awards

Rhea-AI Filing Summary

ETSY INC Executive Chair Josh Silverman reported two compensation-related equity awards. On March 6, 2026, he acquired 9,859 performance stock units and 21,818 performance stock units, each corresponding 1-for-1 to Etsy common stock. These units were earned after Etsy met specified performance criteria.

The 9,859 units represent 25% of a performance-based award that has already been fully earned and will vest on April 1, 2026, subject to continued employment. The 21,818 units represent 75% of a separate award that will vest in equal installments on April 1, 2026 and April 1, 2027, with the remaining 25% tied to additional performance goals. Following these grants, one award reflects 42,252 units and the other 21,818 units held directly.

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

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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^*

Silverman Josh

(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)	X	Other (specify below)
			Executive Chair of the Board

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

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

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
Performance Stock Unit(1)	(2)	03/06/2026		A		9,859(3)		(3)	(3)	Common Stock	9,859	$0	42,252	D
Performance Stock Unit(1)	(2)	03/06/2026		A		21,818(4)		(4)	(4)	Common Stock	21,818	$0	21,818	D

Explanation of Responses:

1. The Reporting Person has irrevocably elected to satisfy all withholding tax due upon the delivery of shares by authorizing Etsy, Inc. to withhold a sufficient amount of shares to satisfy such tax obligation.

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

3. Represents the number of shares earned under a performance-based restricted stock unit ("PSU") award based on the Issuer's satisfaction of certain performance criteria. Each PSU represents the contingent right to receive one share of common stock of the Issuer. In light of the performance-based conditions of the PSU award, the shares were not reportable under Section 16 until the performance conditions were certified by the Issuer's Compensation Committee as achieved (which occurred on March 6, 2026). The shares will vest in full on April 1, 2026, subject to the Reporting Person remaining continuously employed through the vesting date. The shares reported on this form represent 25% of the total number of shares subject to the PSU award. The remaining 75% of the shares have already been earned based on the performance criteria of the award.

4. Represents the number of shares earned under a performance-based restricted stock unit ("PSU") award based on the Issuer's satisfaction of certain performance criteria. Each PSU represents the contingent right to receive one share of common stock of the Issuer. In light of the performance-based conditions of the PSU award, the shares were not reportable under Section 16 until the performance conditions were certified by the Issuer's Compensation Committee as achieved (which occurred on March 6, 2026). The shares will vest in equal installments on each of April 1, 2026 and April 1, 2027, subject to the Reporting Person remaining continuously employed through each vesting date. The shares reported on this form represent 75% of the total number of shares subject to the PSU award. The remaining 25% of the shares will be earned upon the satisfaction of additional performance criteria.

	/s/ Brittany Keen, Attorney-in-Fact	03/10/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did ETSY Executive Chair Josh Silverman report on this Form 4?

Josh Silverman reported acquiring two performance stock unit awards as equity compensation. He received 9,859 units and 21,818 units, each linked 1-for-1 to Etsy common stock, after performance criteria were certified as achieved by the company’s compensation committee.

Are Josh Silverman’s ETSY Form 4 transactions open-market buys or compensation grants?

The transactions are compensation-related grants, not open-market purchases. Both entries use transaction code A, indicating awards of performance stock units earned based on Etsy’s performance metrics and subject to time-based vesting, rather than discretionary market buys or sells of Etsy shares.

How many performance stock units did Josh Silverman receive from ETSY in these awards?

He received 9,859 performance stock units under one award and 21,818 performance stock units under another. Each unit represents the contingent right to receive one share of Etsy common stock, subject to vesting schedules and continued employment conditions described in the Form 4 footnotes.

When will Josh Silverman’s new ETSY performance stock units vest?

The 9,859-unit performance award will vest in full on April 1, 2026, assuming continued employment. The 21,818-unit award will vest in equal installments on April 1, 2026 and April 1, 2027, also conditioned on Silverman remaining continuously employed through each vesting date.

What performance conditions apply to Josh Silverman’s ETSY performance stock unit awards?

Both awards depend on Etsy meeting specified performance criteria. The shares reported became earned after the compensation committee certified the performance results on March 6, 2026. For one award, additional shares remain subject to further performance goals before they can be earned and reported.

Does Josh Silverman have any tax withholding arrangement on these ETSY equity awards?

Yes. He irrevocably elected to satisfy all withholding tax due upon share delivery by allowing Etsy to withhold enough shares. This means a portion of shares from these performance stock unit awards will be retained by Etsy to cover his related tax obligations at settlement.