PATEL GOYAL KRUTI 4

What Happened

• Kruti Patel Goyal, CEO of Etsy (ETSY), had restricted stock units (RSUs) and performance stock units (PSUs) convert to common shares on July 1, 2026. The filing shows an aggregate conversion/acquisition of 21,629 shares (derivative conversions reported with $0 exercise price) and the withholding of 11,801 shares to satisfy tax withholding obligations, resulting in $859,467 in tax withholding proceeds reported as a disposition. Additional derivative conversions/settlements of 3,007, 9,104 and 9,518 shares are reported in the filing (reported as dispositions at $0, reflecting settlement mechanics).

Key Details

• Transaction date: July 1, 2026; Form filed July 6, 2026 reporting the July 1 transactions.
• Primary codes: M = exercise/conversion of derivatives (RSUs/PSUs converted to shares at $0); F = shares withheld to cover tax liabilities.
• Withheld shares: 11,801 shares withheld to satisfy taxes, reported value $859,467.
• Converted/acquired shares: 21,629 shares reflected as acquired on conversion of RSUs/PSUs (no cash exercise price).
• Other reported disposals of converted shares: 3,007; 9,104; and 9,518 shares (reported at $0 in the filing, reflecting settlement/transfer mechanics).
• Shares owned after the transactions: not stated in the provided filing excerpt.
• Notable footnotes: transfers of 21,000 shares from a GRAT to the reporting person occurred June 8 and June 16, 2026 and were exempt under Rule 16a-13; withholding was done by the issuer to satisfy tax obligations; RSUs/PSUs vest on scheduled quarterly installments per footnotes (various vesting schedules F5–F7).

Context

• These transactions reflect the vesting/settlement of equity awards (RSUs and performance-based RSUs). The $0 exercise price indicates conversion of granted units to shares rather than exercising stock options for cash. The withholding of shares to cover taxes is a routine administrative step and is not the same as an open-market sale signaling sentiment. No late-filing indication was provided in the materials you supplied.