BALLARD CHARLES ANDREW 4

What Happened

• Charles Andrew Ballard, a member of Etsy's Board of Directors, exercised/converted 4,733 derivative units (reported as transaction code M) and the same 4,733 units were disposed on June 9, 2026. All of these were reported at $0.00 per share (total $0).
• On the same date he was granted/awarded 3,921 units (transaction code A) reported at $0.00 per share (total $0). These units correspond 1-for-1 with common stock per the filing. These transactions are not typical open-market purchases; they reflect an exercise/conversion and a director award.

Key Details

• Transaction date: June 9, 2026; Form 4 filed June 11, 2026 (appears timely — Form 4 is generally due within 2 business days).
• Reported prices: $0.00 for the exercised/converted 4,733 units, the disposition of 4,733 units, and the 3,921-share award.
• Shares owned after the transactions: not provided in the supplied excerpt.
• Footnotes: F1 — units are 1-for-1 with common stock. F2 — “100% of this award vested on June 9, 2026.” F3 — the award is part of the annual non-employee director retainer; 100% of that award will vest on the date of the next Annual Meeting subject to continued board service.
• Transaction codes: M = exercise/conversion of derivative; A = grant/award; the filing also notes a same-day disposition of the exercised/converted units.

Context

• For retail investors: this report shows derivative activity (exercise/conversion) plus a director grant. The 4,733 derivative units were converted and immediately disposed on the same day; the 3,921-unit grant is a director award with vesting details noted in the footnotes.
• All amounts are reported at $0.00 in the Form 4; that reflects how the award/exercise was reported, not an indication of market trading price or proceeds from any separate open-market sale.
• These transactions are routine for directors (compensation and exercises/conversions) and should be interpreted as reporting of compensation-related activity rather than an explicit buy or sell signal.