Blow Marla J 4

What Happened

• Marla J. Blow, a member of Etsy's Board of Directors, on June 9, 2026 converted/exercised 4,733 derivative units into common shares and the filing also reports a simultaneous disposal of those 4,733 derivative derivative interests. The same date shows a grant/award of 3,921 shares to Ms. Blow. All transactions list a $0.00 per-share price and $0 total cash reported on the Form 4.

Key Details

• Transaction date: June 9, 2026; Form 4 filed June 11, 2026 (appears timely).
• Exercise/conversion (code M): 4,733 derivative units acquired and 4,733 derivative units disposed — $0.00 per share, $0 total.
• Grant/award (code A): 3,921 shares acquired — $0.00 per share, $0 total.
• Shares owned after transaction: not reported on this Form 4.
• Relevant footnotes from the filing:
  • F1: Units correspond 1-for-1 with common stock.
  • F2: "100% of this award vested on June 9, 2026."
  • F3: The award is granted as part of the Reporting Person's annual retainer for non-employee directors; 100% will vest on the date of the next annual meeting subject to continued service.
• No cash proceeds or market sale values are reported on the Form 4; the disposal is recorded as a derivative disposition.

Context

• Derivative activity like this typically reflects conversion/settlement of vested awards (e.g., RSUs or other deferred stock units) rather than an open-market purchase or straightforward sale. The filing shows a conversion and matching disposal of the derivative units and a separate award grant; the Form does not specify whether any shares were sold on the open market or if the disposal relates to tax withholding or net settlement.
• This appears to be routine director compensation and vesting activity, not a typical cash sale by an insider. There is no indication in this filing that Marla Blow is a 10% owner or that these transactions were part of a 10b5-1 plan.