PATEL GOYAL KRUTI 4

What Happened

• Kruti Goyal Patel, CEO of Etsy, was granted 152,293 restricted stock units (reported as a derivative award) on March 16, 2026. The grant is reported at $0.00 per unit (typical for RSU awards); the actual cash value will depend on Etsy’s share price when units convert to common stock at vesting.
• This is an award (not a market purchase or sale) and does not indicate an immediate cash transaction or sale of shares.

Key Details

• Transaction date: March 16, 2026; Form filed March 18, 2026 (timely within standard 2‑business‑day reporting window).
• Reported as an Award/Grant (code A) and a derivative acquisition; price shown $0.00.
• Shares owned after the transaction: not specified in the filing.
• Footnotes:
  • F1: Patel irrevocably elected that Etsy may withhold a sufficient number of shares at delivery to satisfy withholding tax obligations.
  • F2: Each unit corresponds 1-for-1 with common stock.
  • F3: The RSUs vest in 16 equal quarterly installments beginning July 1, 2026, provided continuous employment (or retirement eligibility) through each vesting date; units have no expiration.
• No 10b5-1 plan or sale; no indication of a cashless exercise or immediate sale.

Context

• RSU grants are standard executive compensation and reflect future upside tied to the stock price; they vest over time and thus are intended to retain the executive rather than signal an immediate market view.
• Because these are restricted units with multi-quarter vesting and tax-withholding via share retention, they do not provide immediate liquidity for the insider.