Etsy CFO Charles Baker Receives RSU Award; Withholds Shares

What Happened
Charles Baker, Chief Financial Officer of Etsy, had 6,225 restricted stock units (RSUs vest and convert to common shares) on August 1, 2026. The filing shows 6,225 shares were acquired upon vesting (no exercise price), and the company withheld 3,443 of those shares to satisfy tax withholding at a reported price of $81.68 per share (withheld shares valued at $281,224). After withholding, the reporting person received a net 2,782 shares.

Key Details

• Transaction date: August 1, 2026 (filed with the SEC on August 4, 2026).
• Vesting/settlement: 6,225 shares acquired upon RSU vesting (reported as derivative conversion, code M, $0.00 exercise price).
• Tax withholding: 3,443 shares withheld (code F) at $81.68/share, total $281,224.
• Net shares received: 6,225 − 3,443 = 2,782 shares.
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1–F4 indicate these were RSUs that vest 1-for-1 into common stock; withholding satisfied the reporting person's tax liability; 25% of the award vested on Feb 1, 2026 with the remainder vesting in 12 equal quarterly installments thereafter, subject to continued employment.
• Filing timeliness: filing date is Aug 4, 2026; the form does not indicate a late filing status.

Context
This was an RSU vesting and settlement with share withholding to cover taxes (a routine net settlement), not an open-market sale or discretionary cash sale by the insider. RSU vesting is an acquisition (award) rather than a purchase; withholding is common and reflects tax obligations rather than a signal of intent to liquidate.