PATEL GOYAL KRUTI 4

What Happened
Kruti Patel Goyal, CEO of Etsy, received a grant of 2,028 performance-based restricted stock units (PSUs) on March 6, 2026. The award is reported as a derivative acquisition (grant) at $0.00 per share because these are PSUs that convert to common shares upon vesting. The PSUs were certified as earned by the Compensation Committee on March 6, 2026 and will vest in full on April 1, 2026, provided she remains employed through the vesting date. The 2,028 shares reported here represent 25% of the total PSU award; the remaining 75% had already been earned based on performance criteria.

Key Details

• Transaction date: March 6, 2026; Form 4 filed March 10, 2026.
• Transaction type: Grant/Award (derivative) of 2,028 PSUs @ $0.00 reported.
• Units: 1 PSU = 1 share of common stock.
• Vesting: Shares vest in full on April 1, 2026, subject to continued employment.
• Tax treatment: Reporting person irrevocably authorized Etsy to withhold a sufficient number of shares to satisfy withholding taxes (share withholding).
• Reporting specifics: The 2,028 shares represent 25% of the PSU award; the remaining 75% had already been earned. The Form 4 notes the PSUs were not reportable until performance certification.

Context
PSUs are performance-conditioned awards that convert to common shares on certification and vesting; this is not an open-market purchase or sale. Grants like this are common compensation tools for executives and do not by themselves indicate intent to buy or sell stock. Tax-withholding via share surrender is routine for equity awards.