Rachel Glaser - Mar 5, 2024 Form 4 Insider Report for ETSY INC (ETSY)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Brittany Keen, Attorney-in-Fact for Rachel Glaser
Stock symbol
ETSY
Transactions as of
Mar 5, 2024
Transactions value $
$0
Form type
4
Date filed
3/7/2024, 05:30 PM
Previous filing
Jan 22, 2024
Next filing
Mar 19, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ETSY Performance Stock Unit Award $0 +3.46K $0.00 3.46K Mar 5, 2024 Common Stock 3.46K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person has irrevocably elected to satisfy all withholding tax due upon the delivery of shares by authorizing Etsy, Inc. to withhold a sufficient amount of shares to satisfy such tax obligation.
F2 Units correspond 1-for-1 with common stock.
F3 Represents the number of units earned under a performance-based restricted stock unit award (the "PSU") based on the Issuer's satisfaction of certain performance criteria of the award. In light of the performance-based conditions of the award, the award was not reportable under Section 16 until performance conditions were certified by the Compensation Committee as achieved (which occurred on March 5, 2024). The earned PSUs will vest in equal installments on each of April 1, 2024 and April 1, 2025, provided the Reporting Person remains continuously employed on each vesting date. Each PSU represents the contingent right to receive one share of common stock of the Issuer.