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