Silverman Josh 4

What Happened

• Josh Silverman, Director and Executive Chair of Etsy, received 31,677 shares via performance-based restricted stock units (PSUs) that were certified by the Compensation Committee on March 6, 2026. The filing shows two awards: 9,859 shares and 21,818 shares, each reported as acquired at $0 (derivative award), for a total of 31,677 shares.
• These are awards/earned PSUs (not open-market purchases or sales). The shares are earned based on performance criteria and remain subject to time-based vesting and continued employment.

Key Details

• Transaction date(s): March 6, 2026; Form 4 filed March 10, 2026 (timely under Section 16 rules).
• Reported amounts/prices: 9,859 shares @ $0.00 and 21,818 shares @ $0.00 (derivative awards); total 31,677 shares.
• Vesting / conditions:
  • The 9,859 shares represent 25% of a PSU award; those shares will vest in full on April 1, 2026, subject to continuous employment (F3).
  • The 21,818 shares represent 75% of a PSU award; they vest in equal installments on April 1, 2026 and April 1, 2027, subject to continued employment (F4).
  • Each PSU equals the contingent right to receive one share of common stock (F2, F3, F4).
• Tax withholding: Silverman elected to have Etsy withhold a sufficient number of shares to satisfy tax withholding upon delivery (F1) — withholding is treated as share surrender (F).
• Shares owned after transaction: not specified in the provided filing.
• Filing timeliness: Filed March 10 for a March 6 certification/award — within the usual two-business-day Form 4 reporting window.

Context

• These were earned, performance-based equity awards becoming reportable upon certification of performance results; they are compensation rather than purchases or sales. Such awards are common executive compensation and do not by themselves indicate buying or selling intent in the open market.