Stretch Colin 4

What Happened

• Colin Stretch, Chief Legal Officer of Etsy, received two performance-based restricted stock unit (PSU) awards certified by the company’s Compensation Committee on March 6, 2026. The filing reports acquisition of 2,366 PSUs and 5,390 PSUs (total 7,756 PSUs) at an acquisition price of $0 (derivative awards). These awards are contingent on continued employment and vesting schedules described below.

Key Details

• Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (timely).
• Grants reported: 2,366 shares (A) @ $0 and 5,390 shares (A) @ $0 — total 7,756 PSUs.
• Acquisition type: Award/Grant of PSUs (derivative units that convert 1-for-1 to common stock).
• Vesting/timing:
  • The 2,366-share tranche will vest in full on April 1, 2026, subject to continued employment (these 2,366 represent 25% of that PSU award; the other 75% of that award was already earned by performance).
  • The 5,390-share tranche vests in equal installments on April 1, 2026 and April 1, 2027 (these 5,390 represent 75% of that PSU award; the remaining 25% is still contingent on additional performance criteria).
• Tax treatment: Stretch irrevocably elected share withholding to satisfy any tax withholding obligations (some shares may be withheld at delivery).
• Shares owned after the transaction: not disclosed in this Form 4.
• Filing timeliness: Filed within the required window (not marked late).

Context

• These are performance-based RSU awards (PSUs) that were certified as achieved by the Compensation Committee on March 6; they are not open-market purchases or sales and do not indicate an immediate buy/sell decision by the insider.
• Because they are derivative awards that convert to common stock on vesting (1-for-1), the reported $0 acquisition price reflects that they were granted rather than bought. Tax withholding via share surrender is a routine administrative step.