Baker Charles 4

What Happened

• Charles Baker, Chief Financial Officer of Etsy, had 24,898 restricted stock units (RSUs) vest and convert into common stock on February 1, 2026. Those 24,898 shares were reported as acquired through conversion of a derivative (RSU settlement).
• To satisfy tax-withholding obligations, Etsy withheld 11,099 of those shares at a price of $52.96 per share, resulting in withholding valued at $587,803. The net new shares delivered to Baker after withholding equal the remaining portion of the vested 24,898 shares.

Key Details

• Transaction date: February 1, 2026; Form 4 filed February 3, 2026.
• Acquired: 24,898 shares on vesting/conversion (derivative exercise/settlement, code M).
• Withheld/Disposed: 11,099 shares withheld for taxes (code F) at $52.96/share; withholding value $587,803.
• Each RSU converts 1-for-1 into common stock (footnote: RSUs correspond 1-for-1 with common stock).
• Vesting schedule note: 25% of the RSUs vested on Feb 1, 2026; the remainder vests in 12 equal quarterly installments thereafter, contingent on continued employment.
• Shares owned after the transaction are not specified in the provided filing excerpt.
• This was not an open-market sale—the share disposition reflects issuer withholding to cover taxes, a routine administrative event rather than a market sale.

Context

• This was a settlement of RSUs (restricted stock units) rather than a purchase or discretionary sale. The company withheld a portion of the vested shares to pay withholding taxes (a common, automatic procedure).
• Such withholding transactions are routine and do not necessarily indicate the insider’s view of the stock; purchases or open-market sales typically convey stronger signals about insider sentiment.