ETSY INC — Director's Dealing 2021

Nov 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ETSY INC (ETSY)
CIK: 0001370637
Period of Report: 2021-11-05

Reporting Person: Fisher Michael T (Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-05	Common Stock	M	5209	$14.31	Acquired	13826	Direct
2021-11-05	Common Stock	M	5288	$69.89	Acquired	19114	Direct
2021-11-05	Common Stock	M	9220	$41.65	Acquired	28334	Direct
2021-11-05	Common Stock	M	1632	$223.23	Acquired	29966	Direct
2021-11-05	Common Stock	S	2415	$257.45	Disposed	27551	Direct
2021-11-05	Common Stock	S	3739	$258.34	Disposed	23812	Direct
2021-11-05	Common Stock	S	3408	$259.86	Disposed	20404	Direct
2021-11-05	Common Stock	S	904	$260.67	Disposed	19500	Direct
2021-11-05	Common Stock	S	9949	$261.98	Disposed	9551	Direct
2021-11-05	Common Stock	S	655	$263.34	Disposed	8896	Direct
2021-11-05	Common Stock	S	279	$264.04	Disposed	8617	Direct
2021-11-05	Common Stock	S	692	$257.41	Disposed	6941	Indirect
2021-11-05	Common Stock	S	300	$258.24	Disposed	6641	Indirect
2021-11-05	Common Stock	S	1200	$259.82	Disposed	5441	Indirect
2021-11-05	Common Stock	S	700	$260.78	Disposed	4741	Indirect
2021-11-05	Common Stock	S	4233	$261.96	Disposed	508	Indirect
2021-11-05	Common Stock	S	400	$263.21	Disposed	108	Indirect
2021-11-05	Common Stock	S	108	$264.99	Disposed	0	Indirect
2021-08-09	Common Stock	J	11221	$0.00	Acquired	11221	Indirect
2021-11-05	Common Stock	S	1461	$257.78	Disposed	9760	Indirect
2021-11-05	Common Stock	S	500	$258.98	Disposed	9260	Indirect
2021-11-05	Common Stock	S	2200	$260.01	Disposed	7060	Indirect
2021-11-05	Common Stock	S	410	$260.95	Disposed	6650	Indirect
2021-11-05	Common Stock	S	5650	$261.98	Disposed	1000	Indirect
2021-11-05	Common Stock	S	800	$263.17	Disposed	200	Indirect
2021-11-05	Common Stock	S	200	$264.10	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-05	Employee Stock Option (Right to Buy)	$14.31	M	5209	Disposed	2027-07-31	Common Stock (5209)	Direct
2021-11-05	Employee Stock Option (Right to Buy)	$69.89	M	5288	Disposed	2029-03-14	Common Stock (5288)	Direct
2021-11-05	Employee Stock Option (Right to Buy)	$41.65	M	9220	Disposed	2030-03-15	Common Stock (9220)	Direct
2021-11-05	Employee Stock Option (Right to Buy)	$223.23	M	1632	Disposed	2031-03-14	Common Stock (1632)	Direct

Footnotes

F1: Does not include 11,221 shares contributed by the Reporting Person to a grantor retained annuity trust ("GRAT") on August 9, 2021. See footnote 16.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $256.90 to $257.88, 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 $257.90 to $258.70, 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: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $259.35 to $260.22, 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.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $260.43 to $261.21, 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.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $261.61 to $262.575, 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.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $262.93 to $263.92, 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.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $264.03 to $264.11, 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.

F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $256.89 to $257.85, 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.

F10: These shares are held by The Michael T. Fisher 2020 Irrevocable Trust (the "Trust") for the benefit of the Reporting Person's spouse. The Reporting Person's spouse is the trustee of the 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.

F11: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $258.00 to $258.44, 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.

F12: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $259.35 to $260.30, 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.

F13: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $260.39 to $261.38, 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.

F14: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $261.43 to $261.99, 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.

F15: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $262.95 to $263.51, 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.

F16: These shares, which were previously reported as held directly, were contributed by the Reporting Person to the GRAT on August 9, 2021. The Reporting Person is the sole trustee of the GRAT.

F17: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $257.38 to $258.30, 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.

F18: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $258.44 to $259.40, 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.

F19: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $259.50 to $260.49, 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.

F20: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $260.52 to $261.22, 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.

F21: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $262.92 to $263.90, 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.

F22: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $264.06 to $264.13, 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.

F23: The shares underlying the option exercised in this transaction were fully vested and exercisable. The shares underlying the option continued to vest and become exercisable ratably on a monthly basis on the first day of each month through August 1, 2021, subject to the Reporting Person's continued service with the Issuer through such date.

F24: The shares underlying the option exercised in this transaction were fully vested and exercisable. The stock option vests in 8 equal semi-annual installments, beginning on October 1, 2019, provided the Reporting Person remains continuously employed on each vesting date.

F25: The shares underlying the option exercised in this transaction were fully vested and exercisable. The stock option vests in 8 equal semi-annual installments, beginning on October 1, 2020, provided the Reporting Person remains continuously employed on each vesting date.

F26: The shares underlying the option exercised in this transaction were fully vested and exercisable. The stock option vests in 8 equal semi-annual installments, beginning on October 1, 2021, provided the Reporting Person remains continuously employed on each vesting date.