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ETSY INC — Director's Dealing 2023
Apr 4, 2023
30788_dirs_2023-04-04_2b3577a2-e12c-45f9-bd2c-af3354679c1a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ETSY INC (ETSY)
CIK: 0001370637
Period of Report: 2023-04-01
Reporting Person: Daniel Nicholas (Chief Product Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-04-01 | Common Stock | M | 8289 | $0.00 | Acquired | 11598 | Direct |
| 2023-04-01 | Common Stock | F | 2894 | $111.33 | Disposed | 8704 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-04-01 | Restricted Stock Units | $ | M | 506 | Disposed | Common Stock (506) | Direct | |
| 2023-04-01 | Restricted Stock Units | $ | M | 540 | Disposed | Common Stock (540) | Direct | |
| 2023-04-01 | Restricted Stock Units | $ | M | 117 | Disposed | Common Stock (117) | Direct | |
| 2023-04-01 | Restricted Stock Units | $ | M | 1573 | Disposed | Common Stock (1573) | Direct | |
| 2023-04-01 | Restricted Stock Units | $ | M | 4055 | Disposed | Common Stock (4055) | Direct | |
| 2023-04-01 | Performance Stock Units | $ | M | 1498 | Disposed | Common Stock (1498) | Direct |
Footnotes
F1: Shares of common stock acquired upon the vesting of the restricted stock units and performance-based restricted stock units.
F2: This transaction reported represents the withholding of shares by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting and settlement of the restricted stock units and performance-based restricted stock units.
F3: Represents restricted stock units which correspond 1-for-1 with common stock.
F4: The restricted stock units vested in full on April 1, 2023.
F5: The restricted stock units vest in 4 equal semi-annual installments, beginning on October 1, 2022, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.
F6: The restricted stock units vest in 6 equal semi-annual installments, beginning on October 1, 2022, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.
F7: The restricted stock units vest in 8 equal semi-annual installments, beginning on October 1, 2022, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.
F8: The restricted stock units vest in 8 equal semi-annual installments beginning on April 1, 2023, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.
F9: The number of restricted stock units has been adjusted to correct for an overstatement (by 2 units) of the number of restricted stock units acquired on a Form 4 filed on August 3, 2022.
F10: Represents performance-based restricted stock units which correspond 1-for-1 with common stock.
F11: The earned performance-based restricted stock units vest in equal installments on each of April 1, 2023, 2024 and 2025, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.
F12: On March 2, 2023, the Reporting Person filed a Form 4 which inadvertently reported 1,762 restricted stock units earned under a performance-based restricted stock unit award based on the Issuer's satisfaction of certain performance criteria, instead of 4,494 restricted stock units. Any remaining restricted stock units subject to the performance award will be earned only upon the satisfaction of additional performance vesting criteria. The securities beneficially owned following the reported transaction has been adjusted to reflect the correct number of performance-based restricted stock units acquired.