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