Silverman Josh 4
4 · ETSY INC · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Etsy Exec Chair Josh Silverman Exercises Options, Sells Shares
What Happened
Josh Silverman, Executive Chair of Etsy (ETSY), exercised 21,666 shares of stock options and sold the same 21,666 shares on Feb 2, 2026. He paid $10.62 per share to exercise (cost ≈ $230,093) and sold the shares in open-market transactions for total gross proceeds of about $1,153,830 (sales reported as 21,467 shares at a weighted average $53.25 = $1,143,118 and 199 shares at $53.83 = $10,712). The filing indicates these transactions were executed under a Rule 10b5-1 trading plan.
Key Details
- Transaction date: 2026-02-02.
- Exercise: 21,666 shares at $10.62 each — reported acquisition value ≈ $230,093.
- Sales: 21,467 shares at weighted avg $53.25 (range $52.665–$53.64 per footnote) and 199 shares at $53.83 — total proceeds ≈ $1,153,830.
- The number of shares acquired by exercise equals the number sold the same day — effectively a cashless exercise + immediate sale.
- Footnotes of note:
- F1: Trades executed pursuant to a Rule 10b5-1 plan adopted Nov 5, 2024.
- F2: Reported sale price is a weighted average; individual trade prices ranged $52.665–$53.64 (breakdown available on request).
- F3–F6: Certain shares are held by trusts (GST Trust, Non-GST Trust, GRAT, 2019 Trust); Silverman disclaims beneficial ownership for those trust-held shares as stated.
- F7: Notes vesting schedule for related stock options.
- Filing timeliness: marked as late (transactionTimeliness = 'L') in the filing.
Context
This was an option exercise followed by immediate open-market sales (commonly described as a cashless exercise). Sales executed under a pre-established 10b5-1 plan are typically scheduled in advance and are routine; they are not, by themselves, a definitive signal of the insider’s view on the company. The filing does not disclose post-transaction beneficial ownership totals in the data provided here.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-02$10.62/sh+21,666$230,093→ 112,327 total - Sale
Common Stock
[F1][F2]2026-02-02$53.25/sh−21,467$1,143,118→ 90,860 total - Sale
Common Stock
[F1]2026-02-02$53.83/sh−199$10,712→ 90,661 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
[F1][F7]2026-02-02−21,666→ 822,286 totalExercise: $10.62Exp: 2027-05-03→ Common Stock (21,666 underlying)
- 4,942(indirect: By Trust)
Common Stock
[F3] - 16,886(indirect: By Trust)
Common Stock
[F4] - 42,269(indirect: By Trust)
Common Stock
- 109,675(indirect: By GRAT)
Common Stock
[F5] - 54,325(indirect: By Trust)
Common Stock
[F6]
Footnotes (7)
- [F1]This exercise and subsequent sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 5, 2024.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.665 to $53.64, 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.
- [F3]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.
- [F4]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.
- [F5]These shares are held by a grantor retained annuity trust (the "GRAT"). The Reporting Person is the trustee and the beneficiary of the GRAT.
- [F6]These shares are held by the Joshua G. Silverman 2019 Irrevocable Children's Trust (the "2019 Trust"). A family member of the Reporting Person is the trustee of the 2019 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.
- [F7]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.