Etsy (ETSY) chair Josh Silverman exercises options and sells 134,730 shares
Rhea-AI Filing Summary
Etsy Inc Executive Chair of the Board Josh Silverman reported an option exercise and related share sales in Etsy common stock. He exercised employee stock options covering 134,730 shares at an exercise price of $10.62 per share, converting them into common stock.
On the same date, he sold 81,980 shares at a weighted average price of $69.09 and 52,750 shares at a weighted average price of $68.57 in open-market transactions made under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, he held 130,694 Etsy shares directly, with additional indirect holdings in several family trusts, including 109,675 shares held by a grantor retained annuity trust and 54,325 shares held by a 2019 irrevocable children’s trust.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 134,730 shares ($7.85M approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Silverman Josh
Role
Director
Sold
134,730 shs ($9.28M)
Approx. gross sale proceeds
$9.28M
Approx. exercise cost
$1.43M
Approx. pre-tax spread
$7.85M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 134,730 | $0.00 | $0.00 |
| Exercise | Common Stock | 134,730 | $10.62 | $1.43M |
| Sale | Common Stock | 52,750 | $68.57 | $3.62M |
| Sale | Common Stock | 81,980 | $69.09 | $5.66M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 419,876 shares (Direct);
Common Stock — 130,694 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 (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 $67.955 to $68.95, 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 $68.955 to $69.70, 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. 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.
- F5. 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.
- F6. These shares are held by a grantor retained annuity trust (the "GRAT"). The Reporting Person is the trustee and the beneficiary of the GRAT.
- 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: 134,730 shares
Exercise price: $10.62/share
Shares sold (block 1): 81,980 shares at $69.09
+4 more
7 metrics
Options exercised
134,730 shares
Employee stock options exercised into common stock
Exercise price
$10.62/share
Exercise price of employee stock options
Shares sold (block 1)
81,980 shares at $69.09
Weighted average sale price, open-market sale
Shares sold (block 2)
52,750 shares at $68.57
Weighted average sale price, open-market sale
Direct holdings after transactions
130,694 shares
Common stock held directly following reported trades
GRAT holdings
109,675 shares
Common stock held by a grantor retained annuity trust
2019 Trust holdings
54,325 shares
Common stock held by 2019 irrevocable children’s trust
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 sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
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
"These shares are held by the JGS 2018 Irrevocable GST Trust (the "GST Trust")."
Employee Stock Option (Right to Buy) financial
"security_title": "Employee Stock Option (Right to Buy)""
weighted average price financial
"The price reported in Column 4 is a weighted average price."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Etsy (ETSY) chair Josh Silverman report?
Josh Silverman reported exercising options for 134,730 Etsy shares and selling the same number in open-market transactions. The activity reflects an exercise-and-sell pattern executed under a pre-arranged Rule 10b5-1 trading plan on June 1, 2026.
What stock options did Josh Silverman exercise in this Etsy (ETSY) Form 4?
He exercised employee stock options for 134,730 Etsy common shares at an exercise price of $10.62 per share. These options were part of a grant that vested 25% on May 4, 2018, with the remainder vesting in 36 equal monthly installments.