Josh Silverman, Executive Chair of the Board of Etsy Inc., filed a Form 4 on November 2, 2026, reporting the exercise of stock options and the sale of common stock on October 30 and November 2, 2026.

Key Highlights

  • Option exercise: Silverman exercised 1,189 employee stock options on October 30, 2026, at an exercise price of $10.62 per share, acquiring 1,189 shares of common stock.
  • Same-day sale: On October 30, 2026, 1,189 shares were sold at $88.705 per share.
  • Larger sale on November 2: 41,500 shares were sold at a weighted average price of $92.13, with individual transactions ranging from $91.94 to $92.64, inclusive.
  • Direct ownership after transactions: Silverman directly held 221,117 shares of common stock following the reported transactions.
  • Indirect holdings: An additional 118,422 shares are held indirectly across four trusts, including the GST Trust (4,942 shares), Non-GST Trust (16,886 shares), an Irrevocable Trust (42,269 shares), and the 2019 Trust (54,325 shares).
  • Beneficial ownership disclaimers: Silverman disclaimed beneficial ownership of shares held by the GST Trust, Non-GST Trust, and 2019 Trust, stating the filing "is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose."

Silverman's Option Exercise and Share Sales at Etsy in Late October and Early November 2026

According to the filing, Josh Silverman, identified as a Director and Executive Chair of the Board of Etsy Inc. (NASDAQ:ETSY), reported two distinct types of transactions. On October 30, 2026, he exercised 1,189 employee stock options at an exercise price of $10.62, converting them into 1,189 shares of common stock via a transaction coded "M." The options were part of a grant that, according to the filing, "vested as to 25% on May 4, 2018 with the remainder vesting in 36 equal monthly installments," with an expiration date of May 3, 2027. Following the exercise, the same 1,189 shares were sold the same day at $88.705 per share (transaction code "S"), reducing his direct holdings accordingly.

On November 2, 2026, the filing disclosed a second sale of 41,500 shares at a weighted average price of $92.13. The filing noted that these shares were sold in multiple transactions at prices ranging from $91.94 to $92.64, inclusive. Silverman undertook to provide full information on shares sold at each price upon request. After all reported transactions, his direct beneficial ownership stood at 221,117 shares of common stock.

The filing also lists indirect holdings in four trusts. The GST Trust and Non-GST Trust are each administered by Silverman's spouse as trustee, while the 2019 Trust is administered by a family member. For all three, Silverman disclaimed beneficial ownership as described above. The fourth indirect holding, 42,269 shares in an unnamed Irrevocable Trust, carries no disclaimer in the filing. The Form 4 was signed by Brittany Keen as Attorney-in-Fact on November 2, 2026.

What Was Disclosed

Josh Silverman, Executive Chair of the Board at Etsy Inc., reported the exercise of 1,189 stock options and the sale of a combined 42,689 shares of common stock between October 30 and November 2, 2026, leaving him with 221,117 shares held directly.