0001209191-23-039451.txt : 20230623
0001209191-23-039451.hdr.sgml : 20230623
20230623171726
ACCESSION NUMBER: 0001209191-23-039451
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20230621
FILED AS OF DATE: 20230623
DATE AS OF CHANGE: 20230623
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: 231038701
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
2023-06-21
0
0001370637
ETSY INC
ETSY
0001525358
Silverman Josh
C/O ETSY INC.
117 ADAMS STREET
BROOKLYN
NY
11201
1
1
0
0
President & CEO
1
Common Stock
2023-06-21
4
M
0
20850
10.62
A
35524
D
Common Stock
2023-06-21
4
S
0
10848
94.92
D
24676
D
Common Stock
2023-06-21
4
S
0
7028
95.50
D
17648
D
Common Stock
2023-06-21
4
S
0
2974
96.40
D
14674
D
Common Stock
4942
I
By GST Trust
Common Stock
16886
I
By Non-GST Trust
Common Stock
42269
I
By Irrevocable Trust
Common Stock
100000
I
By GRAT
Employee Stock Option (Right to Buy)
10.62
2023-06-21
4
M
0
20850
0.00
D
2027-05-03
Common Stock
20850
1880000
D
This exercise and subsequent sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 7, 2022, as amended on November 14, 2022.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.07 to $95.04, 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.09 to $96.08, 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.105 to $97.00, 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.
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.
These shares are held by a grantor retained annuity trust (the "GRAT"). The Reporting Person is the trustee and the beneficiary of the GRAT.
These stock options are part of a grant that vested as to 25% on May 4, 2018 with the remainder vesting in 36 equal monthly installments subject to continued service on each vesting date.
Exhibit List - Exhibit 24 - Power of Attorney
/s/ Brittany Keen, as Attorney-in-Fact for Josh Silverman
2023-06-23
EX-24
2
poa.txt
POA DOCUMENT
POWER OF ATTORNEY
By signing this power of attorney, I appoint each of Colin Stretch, Lynn
Horwitz, Jennifer Card, Patrick Kavanaugh, and Brittany Keen of Etsy, Inc.
("Etsy"), Katherine Denby and Jill Simon at Cooley LLP, and Nicole Brookshire
and Arisa Akashi Sin at Davis Polk & Wardwell LLP, signing individually, as my
attorney-in-fact, with full power of substitution, to:
1. Prepare and execute for and on my behalf, in my capacity as an officer and/or
director of Etsy, (i) Forms 3, 4 and 5 and any other forms required to be filed
in accordance with Section 16(a) of the Securities Exchange Act of 1934 and
applicable rules (each, a "Section 16 Form") and (ii) a Form ID and any other
documents or forms necessary or appropriate to obtain codes and passwords
enabling the undersigned to file a Section 16 Form with the United States
Securities and Exchange Commission (the "SEC") (such forms, together with the
Section 16 Forms, the "Forms");
2. take any action for and on my behalf that may be necessary or desirable to
complete and execute any Forms and/or amendments to any Forms, and timely file
such Forms and/or amendments with the SEC and any stock exchange or similar
authority; and
3. take any other action related to the Forms or amendments to the Forms that,
in the opinion of the attorney-in-fact, may benefit me, be in my best interest
or be legally required to be done by me. Any documents executed by an
attorney-in-fact on my behalf under this Power of Attorney will be in the form
and will contain the terms and conditions that the attorney-in-fact may approve
in his or her discretion.
By signing this power of attorney, I grant to each attorney-in-fact the power
and authority to take any and every action required, necessary or proper to be
done in the exercise of any of the rights and powers granted in this power of
attorney, as fully as I might or could if I was acting personally, with full
power of substitution. I confirm all actions that an attorney-in-fact, or his or
her substitute, lawfully takes or causes to be taken by virtue of this power of
attorney and the rights and powers granted in this power of attorney. I
acknowledge that none of the attorneys-in-fact, in serving as my
attorney-in-fact, at my request, is assuming, nor is Etsy assuming, any of my
responsibilities to comply with Section 16 of the Securities Exchange Act of
1934. This power of attorney shall remain in full force and effect until I am no
longer required to file any Forms, until the time at which I revoke it by a
signed writing that I deliver to the applicable attorney-in-fact or, regarding
any individual attorney-in-fact, until that attorney-in-fact is no longer an
Etsy employee or employed by or a partner at Cooley LLP, Davis Polk & Wardwell
LLP, or another law firm representing Etsy, as applicable.
By:/s/ Josh Silverman
Name: Josh Silverman
Date: June 22, 2023