PATEL GOYAL KRUTI 4

What Happened
Kruti Patel Goyal, CEO of Etsy (ETSY), had restricted and performance-based stock units convert into 39,494 shares on April 1, 2026. To satisfy tax withholding obligations, 20,444 of those shares were withheld at a reported price of $49.97 per share (totaling $1,021,587). Net shares received by the CEO were 19,050. This was a vesting/settlement of equity compensation (derivative conversion), not an open-market sale or purchase.

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (appears timely).
• Converted/issued: 39,494 shares (exercise/conversion of derivative; code M).
• Shares withheld for taxes: 20,444 shares at $49.97/share = $1,021,587 (code F; tax withholding).
• Net new shares to insider: 19,050 shares (39,494 total − 20,444 withheld).
• Notable footnotes: F1/F9/F10 indicate these include restricted stock units and performance stock units (PSUs); F10 notes certain PSUs vest in full on April 1, 2026. F2 confirms withholding of shares to satisfy tax obligations.
• Shares owned after transaction: not specified in the provided excerpt of the filing.

Context

• This is a standard equity-compensation settlement (conversion/vesting of RSUs/PSUs). The filing shows a net retention of shares after share-withholding for taxes (a cashless/net settlement), not a market sell.
• Such vesting events are routine and reflect compensation vesting schedules rather than a direct buy/sell decision by the insider.