0001209191-23-022861.txt : 20230404 0001209191-23-022861.hdr.sgml : 20230404 20230404172659 ACCESSION NUMBER: 0001209191-23-022861 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230401 FILED AS OF DATE: 20230404 DATE AS OF CHANGE: 20230404 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Silverman Josh CENTRAL INDEX KEY: 0001525358 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36911 FILM NUMBER: 23799590 MAIL ADDRESS: STREET 1: 117 ADAMS STREET CITY: BROOKLYN STATE: NY ZIP: 11201 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ETSY INC CENTRAL INDEX KEY: 0001370637 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 117 ADAMS STREET CITY: BROOKLYN STATE: NY ZIP: 11201 BUSINESS PHONE: (718) 880-3660 MAIL ADDRESS: STREET 1: 117 ADAMS STREET CITY: BROOKLYN STATE: NY ZIP: 11201 4 1 doc4.xml FORM 4 SUBMISSION X0407 4 2023-04-01 0 0001370637 ETSY INC ETSY 0001525358 Silverman Josh C/O ETSY INC. 117 ADAMS STREET BROOKLYN NY 11201 1 1 0 0 President & CEO 0 Common Stock 2023-04-01 4 M 0 16489 0.00 A 123794 D Common Stock 2023-04-01 4 F 0 9120 111.33 D 114674 D Common Stock 4942 I By GST Trust Common Stock 16886 I By Non-GST Trust Common Stock 42269 I By Irrevocable Trust Restricted Stock Units 2023-04-01 4 M 0 3101 0.00 D Common Stock 3101 12402 D Restricted Stock Units 2023-04-01 4 M 0 7190 0.00 D Common Stock 7190 43137 D Performance Stock Units 2023-04-01 4 M 0 6198 0.00 D Common Stock 6198 12394 D Shares of common stock acquired upon the vesting of the restricted stock units and performance-based restricted stock units. 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. 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. 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. Represents restricted stock units which correspond 1-for-1 with common stock. The restricted stock units vest in 8 equal semi-annual installments, beginning on October 1, 2021, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date. 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. Represents performance-based restricted stock units which correspond 1-for-1 with common stock. 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. On March 2, 2023, the Reporting Person filed a Form 4 which inadvertently reported 7,290 restricted stock units earned under a performance-based restricted stock unit award based on the Issuer's satisfaction of certain performance criteria, instead of 18,592 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. /s/ Brittany Keen, as Attorney-in-Fact for Josh Silverman 2023-04-04