<SEC-DOCUMENT>0001415889-25-010037.txt : 20250403
<SEC-HEADER>0001415889-25-010037.hdr.sgml : 20250403
<ACCEPTANCE-DATETIME>20250403174509
ACCESSION NUMBER:		0001415889-25-010037
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250401
FILED AS OF DATE:		20250403
DATE AS OF CHANGE:		20250403

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Silverman Josh
		CENTRAL INDEX KEY:			0001525358
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36911
		FILM NUMBER:		25811196

	MAIL ADDRESS:	
		STREET 1:		117 ADAMS STREET
		CITY:			BROOKLYN
		STATE:			NY
		ZIP:			11201

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ETSY INC
		CENTRAL INDEX KEY:			0001370637
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		117 ADAMS STREET
		CITY:			BROOKLYN
		STATE:			NY
		ZIP:			11201
		BUSINESS PHONE:		(718) 880-3660

	MAIL ADDRESS:	
		STREET 1:		117 ADAMS STREET
		CITY:			BROOKLYN
		STATE:			NY
		ZIP:			11201
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4-04032025_050406.xml
<TEXT>
<XML>
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    <periodOfReport>2025-04-01</periodOfReport>

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        <issuerName>ETSY INC</issuerName>
        <issuerTradingSymbol>ETSY</issuerTradingSymbol>
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            <rptOwnerStreet2>117 ADAMS STREET</rptOwnerStreet2>
            <rptOwnerCity>BROOKLYN</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>11201</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOfficer>true</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
            <officerTitle>Chief Executive Officer</officerTitle>
            <otherText></otherText>
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                    <footnoteId id="F6"/>
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                <sharesOwnedFollowingTransaction>
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                </sharesOwnedFollowingTransaction>
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        <nonDerivativeHolding>
            <securityTitle>
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                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
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                </directOrIndirectOwnership>
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            </securityTitle>
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                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
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                </sharesOwnedFollowingTransaction>
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            </ownershipNature>
        </nonDerivativeHolding>
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            <transactionAmounts>
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                </transactionShares>
                <transactionPricePerShare>
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                <underlyingSecurityShares>
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        <derivativeTransaction>
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                <transactionCode>M</transactionCode>
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                <transactionShares>
                    <value>34581</value>
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                <transactionPricePerShare>
                    <value>0</value>
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                <transactionAcquiredDisposedCode>
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            <exerciseDate>
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            <expirationDate>
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                <underlyingSecurityTitle>
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                <underlyingSecurityShares>
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                </underlyingSecurityShares>
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                </natureOfOwnership>
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        </derivativeTransaction>
        <derivativeTransaction>
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                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>15251</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
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            <expirationDate>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>15251</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
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                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Performance Stock Units</value>
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            <conversionOrExercisePrice>
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            </conversionOrExercisePrice>
            <transactionDate>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
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            <transactionAmounts>
                <transactionShares>
                    <value>32393</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
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            <expirationDate>
                <footnoteId id="F18"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>32393</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>32393</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
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        </derivativeTransaction>
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    <footnotes>
        <footnote id="F1">Shares of common stock acquired upon the vesting of the restricted stock units and performance stock units.</footnote>
        <footnote id="F2">This transaction reported represents the withholding of shares by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting and settlement of the restricted stock units.</footnote>
        <footnote id="F3">This exercise and subsequent sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 5, 2024.</footnote>
        <footnote id="F4">The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.73 to $47.72, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.</footnote>
        <footnote id="F5">The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.73 to $48.715, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.</footnote>
        <footnote id="F6">The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.74 to $48.80, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.</footnote>
        <footnote id="F7">These shares are held by the JGS 2018 Irrevocable GST Trust (the &amp;quot;GST Trust&amp;quot;). The Reporting Person's spouse is the trustee of the GST Trust. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report 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.</footnote>
        <footnote id="F8">These shares are held by the JGS 2018 Irrevocable Non-GST Trust (the &amp;quot;Non-GST Trust&amp;quot;). The Reporting Person's spouse is the trustee of the Non-GST Trust. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report 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.</footnote>
        <footnote id="F9">These shares are held by a grantor retained annuity trust (the &amp;quot;GRAT&amp;quot;). The Reporting Person is the trustee and the beneficiary of the GRAT.</footnote>
        <footnote id="F10">Represents restricted stock units which correspond 1-for-1 with common stock.</footnote>
        <footnote id="F11">The restricted stock units vest in 8 equal semi-annual installments, beginning on October 1, 2021, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.</footnote>
        <footnote id="F12">The restricted stock units vest in 8 equal semi-annual installments, beginning on October 1, 2022, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.</footnote>
        <footnote id="F13">The restricted stock units vest in 8 equal semi-annual installments, beginning on October 1, 2023, provided the Reporting Person remains continuously employed on, or becomes retirement eligible prior to, such vesting date and has no expiration date.</footnote>
        <footnote id="F14">The restricted stock units vest in 16 equal quarterly installments, beginning on July 1, 2024, provided the Reporting Person remains continuously employed on, or becomes retirement eligible prior to, such vesting date and has no expiration date.</footnote>
        <footnote id="F15">Represents performance-based restricted stock units which correspond 1-for-1 with common stock.</footnote>
        <footnote id="F16">The earned performance-based restricted stock units vested in equal installments on each of April 1, 2024 and April 1, 2025, provided the Reporting Person remained continuously employed on each vesting date and had no expiration date.</footnote>
        <footnote id="F17">75% of the earned performance-based restricted stock units vested in equal installments on each of April 1, 2023, 2024 and 2025, and remaining 25% vested on April 1, 2025, provided the Reporting Person remained continuously employed on each vesting date and had no expiration date.</footnote>
        <footnote id="F18">The earned performance-based restricted stock units vest in equal installments on each of April 1, 2025 and April 1, 2026, provided the Reporting Person remains continuously employed on each vesting date, and have no expiration date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Patrick Kavanaugh, Attorney-in-Fact</signatureName>
        <signatureDate>2025-04-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
