ETSY INC — Director's Dealing 2021

Sep 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ETSY INC (ETSY)
CIK: 0001370637
Period of Report: 2021-09-16

Reporting Person: Silverman Josh (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-16	Common Stock	M	27000	$10.62	Acquired	27000	Direct
2021-09-16	Common Stock	S	409	$216.81	Disposed	26591	Direct
2021-09-16	Common Stock	S	1410	$218.68	Disposed	25181	Direct
2021-09-16	Common Stock	S	4668	$219.67	Disposed	20513	Direct
2021-09-16	Common Stock	S	7057	$220.57	Disposed	13456	Direct
2021-09-16	Common Stock	S	8162	$221.50	Disposed	5294	Direct
2021-09-16	Common Stock	S	4829	$222.67	Disposed	465	Direct
2021-09-16	Common Stock	S	465	$223.25	Disposed	0	Direct
2021-09-17	Common Stock	M	5500	$10.62	Acquired	5500	Direct
2021-09-17	Common Stock	S	5500	$225.00	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-16	Employee Stock Option (Right to Buy)	$10.62	M	27000	Disposed	2027-05-03	Common Stock (27000)	Direct
2021-09-17	Employee Stock Option (Right to Buy)	$10.62	M	5500	Disposed	2027-05-03	Common Stock (5500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4942	Indirect
Common Stock	16886	Indirect
Common Stock	42269	Indirect

Footnotes

F1: These exercises and subsequent sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 12, 2021.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $216.575 to
$217.11 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 ranges set forth in
footnotes (2), (3), (4), (5), (6), (7) and (8).

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $218.08 to
$219.05 inclusive.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $219.11 to
$220.10 inclusive.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $220.11 to
$221.105 inclusive.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $221.11 to
$222.09 inclusive.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $222.13 to
$223.07 inclusive.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $223.15 to
$223.37 inclusive.

F9: 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.

F10: 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.

F11: The shares underlying the option exercised in this transaction were fully vested and exercisable. 25% of the stock options became exercisable on May 4, 2018, with the remainder of the originally granted options exercisable in 36 equal monthly installments beginning on June 4, 2018, provided the Reporting Person remains continuously employed on each vesting date.