ROSENBLATT DAVID S 4

What Happened
David S. Rosenblatt, a director of Etsy, exercised/converted 4,733 derivative units on June 9, 2026 (recorded as an acquired transaction at $0) and the same 4,733 derivative units are also reported as disposed (also $0). On the same date he was granted/awarded 3,921 shares (recorded at $0). The filing reports $0 cash consideration for these items — consistent with a net/zero cash settlement or the way the award/derivative was recorded.

Key Details

• Transaction date(s): June 9, 2026; Form 4 filed June 11, 2026 (appears timely).
• Derivative exercise/conversion (code M): 4,733 shares acquired @ $0.00 and 4,733 shares disposed @ $0.00 (derivative disposition).
• Grant/award (code A): 3,921 shares acquired @ $0.00.
• Shares owned after transaction: Not provided in the supplied details.
• Footnotes:
  • F1: Units correspond 1-for-1 with common stock.
  • F2: 100% of this award vested on June 9, 2026.
  • F3: The award is part of the non-employee director compensation program (typically vests at the next Annual Meeting subject to continued service).
• No indication in the filing that this transaction was part of a 10b5-1 plan or that the Form 4 was late.

Context

• The filing shows a derivative exercise and a concurrent disposition for the same number of derivative units; Form 4 entries reported at $0 may reflect net settlement mechanics or the form of the award/conversion rather than a cash purchase or sale price.
• The 3,921-share award vested in full on June 9, 2026 per the footnote; vested awards to directors are routine compensation and do not necessarily signal a change in insider sentiment.