Etsy CEO Josh Silverman Plans to Sell $52 Million of Stock - Barron's
1. CEO Silverman initiated a Rule 10b5-1 plan to sell nearly 1 million shares. The move is pre-set by market conditions. 2. The sale plan values the shares at about $51.5M based on a $51.53 closing price. The plan executes automatically. 3. A previous plan sold only about 63,000 shares amid substantial stock price weakness. Price declines hindered trigger events. 4. Etsy stock has underperformed the S&P 500 for several years. Historical performance may influence further price drops.