Smyth Margaret Mary 4

What Happened

• Margaret Mary Smyth, a director of Etsy, exercised or converted derivative securities on 2026-03-27. The filing reports 41,529 shares acquired at an exercise/conversion price of $9.67 per share (total cost $401,585). The filing also shows 41,529 derivative units disposed at $0 (reported as a conversion/disposition).

Key Details

• Transaction date: 2026-03-27.
• Acquired: 41,529 shares at $9.67 each — total $401,585.
• Disposed/converted: 41,529 derivative units at $0 (reported separately in the filing).
• Shares owned after the transaction: not specified in the provided filing summary.
• Filing date: 2026-03-31 (no late-filing flag shown in the materials provided).
• Footnote: The award vested in equal installments on each of the first three anniversaries of the grant date, subject to continuous service (see footnote).

Context

• Transaction code "M" indicates an exercise or conversion of a derivative security (e.g., option/RSU conversion). The filing does not report an immediate open-market sale of the acquired shares; the simultaneous disposal at $0 likely reflects conversion/settlement mechanics tied to the award/vesting (per the footnote), not an ordinary market sale. As always, exercises/conversions are routine insider events and are factual disclosures rather than statements of intent.