Stretch Colin 4

What Happened

• Colin Stretch, Chief Legal Officer of Etsy, was granted 79,954 restricted stock units (RSUs) on 2026-03-16 (reported on Form 4 filed 2026-03-18). The grant is reported as a derivative acquisition (code A) at $0.00 per unit — i.e., an RSU award, not an open-market purchase or sale. These units convert 1-for-1 to common stock upon vesting and do not represent immediately-owned shares.

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-18 (timely filing).
• Grant: 79,954 RSUs; reported price: $0.00 (award/derivative).
• Units convert 1-for-1 to common stock (Footnote F2).
• Vesting: 12 equal quarterly installments beginning July 1, 2026; vesting requires continued employment or retirement eligibility before each vest date; RSUs have no expiration date (Footnote F3).
• Tax withholding: Stretch elected company share-withholding to satisfy tax obligations upon delivery of shares (Footnote F1).
• Shares owned after the transaction: not disclosed in the provided filing details.

Context

• RSU grants are a form of compensation and are neutral from a trading-sentiment standpoint compared with purchases or sales; the award will only become actual shares as the units vest. For retail investors, grants are informative about compensation and retention incentives but do not imply immediate insider buying or selling.