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EdgarHawk

Josh Silverman

Chief Executive Officer

Director Officer

Latest: Director selling · June 2026

24 filings analyzed · 2 companies · Latest 2026-06-25
Validated high-conviction buyer — this insider’s opportunistic purchases fall in a cohort whose buys have historically preceded above-benchmark moves. How we measure this ↗

Companies

Company Buys Sells Direction
ETSY INC ETSY 0 84 Net selling
Shake Shack Inc. SHAK 2 0 Net buying

Activity

June 2026
2026-06-25 ETSY INC ETSY
medium
Sell
97,389 shares
$7,693,731
Significance 6/10

Director Josh Silverman sells 97,389 shares of ETSY at $79.00 ($7.7M); 97.4K shares remains scheduled 10b5-1 reduction plan; holds 130,694 shares post-sale plus 220,008 employee options.

Director Josh Silverman executed a scheduled sale of 97,389 shares at $79.00 on 2026-06-24 as part of a pre-arranged 10b5-1 trading plan adopted on 2025-11-20, reducing non-derivative holdings from 228,083 shares to 130,694 shares. The transaction occurred near the 52-week high of $79.90 and follows a recent pattern of five prior ETSY sales within the same trading plan, including three additional sales in early June 2026. The stock has appreciated 20.8% over the 30-day period and 64.2% over the 90-day period preceding this sale. Silverman retains 220,008 shares in employee stock options, meaning his full economic position in ETSY remains materially intact despite the scheduled non-derivative reduction.

2026-06-17 ETSY INC ETSY
medium
Sell
102,479 shares
$7,508,446
Significance 5/10

Josh Silverman (Director) sold 102,479 shares at $73.27 avg for $7,508,446 via scheduled 10b5-1 plan; retains 130,694 non-derivative shares plus 687,273 option shares.

Director Josh Silverman executed 2 separate sales totaling 102,479 shares for $7,508,446.00 on 2026-06-15 and 2026-06-16, reducing non-derivative holdings by -43.9% to 130,694 shares post-transaction. This sale is part of a pre-arranged 10b5-1 trading plan adopted on 2025-11-20, making it a scheduled, non-discretionary execution rather than a discretionary trade decision. Silverman's cross-ticker track record shows 18 prior sells averaged -2.2% return over 30 days and -1.7% over 90 days, while his same-ticker history at ETSY shows mixed near-term outcomes (most recent measurable trades on 2026-05-01 posted +5.2% and +5.9% 30-day returns). The stock currently trades at $72.83, within 4.8% of its 52-week high of $76.52, following a +23.8% 30-day gain and +33.0% 90-day gain; Silverman retains derivative holdings totaling 687,273 option shares, preserving significant upside exposure through Employee Stock Options (Right to Buy).

2026-06-03 ETSY INC ETSY
medium
Sell
134,730 shares
$9,281,066
Significance 5/10

Josh Silverman (Director, ETSY) sold 134,730 shares for $9,281,065.70 via scheduled 10b5-1 plan on 2026-06-01

Josh Silverman executed 2 separate sales totaling 134,730 shares for $9,281,065.70 on 2026-06-01, reducing his non-derivative holdings from 265,424 shares to 130,694 shares (-50.8% vs pre-transaction holdings), though he retains 419,876 shares in employee stock options. This transaction was scheduled under a 10b5-1 trading plan adopted on 2025-11-20, meaning it reflects a pre-arranged commitment rather than a discretionary decision. The blended average sale price of $68.89 compares to a current market price of $67.05, with the 52-week range at $44.00–$76.52. Across Silverman's same-ticker history at ETSY, his prior 5 trades show mixed 30-day returns (ranging from -6.6% to +5.9%) but generally positive 90-day outcomes (ranging from +1.1% to +9.0%), suggesting that scheduled sell patterns at this stock have historically preceded near-term price movement in both directions.

May 2026
2026-05-18 Shake Shack Inc. SHAK Cluster
high
Buy
8,290 shares
$500,525
Significance 6/10

Director Josh Silverman buys 8,290 shares at $60.38 avg; stock down 58.7% from 52-week high; 4 other insiders also bought in past 14 days

Josh Silverman, Director at Shake Shack Inc., executed 2 purchases totaling 8,290 shares for $500,525.09 on 2026-05-15 at a blended average price of $60.38. The stock is trading at $59.69, down 58.7% from its 52-week high of $144.65 and down 42.5% over the past 30 days. Silverman's purchase represents his first open-market acquisition of SHAK shares, bringing his total holdings from 0 to 8,290 shares. Beyond this filing, 4 other insiders have also purchased shares within the past 14 days, indicating a cluster buy pattern during a period of significant price deterioration.

2026-05-05 ETSY INC ETSY
low
Sell
88,350 shares
$5,670,172
Significance 4/10

Director Josh Silverman exercises stock options, then sells majority of new shares as stock rebounds from weakness

Director Josh Silverman exercised roughly 88,000 stock options and immediately sold over 88,000 shares across two transactions, pocketing approximately $5.67 million in the process. The sale pattern—unloading most of the newly exercised shares at the higher end of recent trading activity—suggests routine option-exercise liquidity management rather than a conviction play. Silverman's single prior trade was a sale just two days earlier, indicating a pattern of trimming positions. The stock is currently trading well below its recent highs after a significant recovery over the past month, which means Silverman is selling into strength rather than weakness. Combined with the company's solid profitability and reasonable financial position, this appears to be straightforward wealth diversification by a board member executing vested equity compensation, not a signal of insider confidence or concern about fundamentals.

2026-05-01 ETSY INC ETSY
low
Sell
36,443 shares
$2,514,567
Significance 3/10

Director Josh Silverman exercises and immediately sells 36,443 shares at significant profit.

Josh Silverman, a director at Etsy, exercised and sold a meaningful block of shares on the same day, locking in a substantial gain on the exercise spread. The mechanics here are routine—option exercise followed by same-day sale is common for directors managing tax liability and diversification—but the context matters: the stock has rallied sharply in recent months and is currently trading notably below its recent highs, suggesting Silverman chose to trim a meaningful portion of his holdings into strength rather than wait. The transaction reflects neither bullish conviction nor bearish concern; it's a standard liquidity event for a board member. With Etsy showing robust profitability and revenue growth, this does not signal operational distress, but it does show a director taking chips off the table after a significant recent run.

April 2026
2026-04-23 ETSY INC ETSY
medium
Sell
70,000 shares
$4,550,000
Significance 5/10

Director Josh Silverman sells 70,000 ETSY shares ($4.6M) at $65.00; holds 130.7K shares post-transaction. Stock near 52-week high.

Director Josh Silverman sold 70,000 shares (70.0K shares) of ETSY on 2026-04-21 at $65.00 per share for $4,550,000.00 ($4.6M), reducing his position by 34.9% from 200.7K to 130.7K shares. The sale occurred when the stock was at $65.00, currently trading 16.0% below its 52-week high of $75.56, suggesting the shares were sold near elevated valuation levels. His cross-ticker track record shows a 90d well-timed rate of 87.50%, though at ETSY specifically, measurable 90-day outcomes from his five prior trades show mixed results: one prior sale (2026-01-02) was well-timed with a 90d return of -8.6%, while more recent sales on 2026-04-20 and 2026-04-16 lack outcome data. The company trades at a P/E of 147.63 with annual revenue growth of +2.7% and net income of $75.5M on $678.0M in quarterly revenue—financial metrics that investors should evaluate in context of the current valuation.

2026-04-20 ETSY INC ETSY
high
Sell
54,665 shares
$3,377,080
Significance 6/10

Director Josh Silverman sold 54,665 shares at blended $61.78, reducing stake by 29.5% to 130,694 shares

Josh Silverman, a Director at Etsy, executed two separate sales on 2026-04-16 and 2026-04-20, selling a combined 54,665 shares for $3,377,080.00 at a blended average price of $61.78. This represents a material reduction of 29.5% from his pre-transaction holdings of 185,359 shares, leaving him with 130,694 shares post-transaction. His same-ticker history at Etsy shows a consistent pattern: 3 of 3 measurable prior sales were well-timed at the 90-day mark, with negative returns following each trade (ranging from -6.2% to -8.5%), indicating a track record of selling ahead of stock declines at this company. Current price stands at $64.18, only 3.8% above the blended sale price, suggesting the sales occurred near recent strength; the stock has climbed 21.5% over the prior 30 days and remains 15.1% below its 52-week high. The P/E of 149.26 reflects a premium valuation relative to the $75.5M net income base. This filing warrants attention given the director's demonstrated timing skill at this ticker and the substantial size of the position reduction.

February 2026
2026-02-03 ETSY INC ETSY
medium
Sell
21,666 shares
$1,153,830
Significance 5/10

Director Josh Silverman sold 21,666 shares at blended $53.26, reducing holdings 19.3% to 90.7K shares

Director Josh Silverman executed 2 separate sales totaling 21,666 shares for $1,153,829.92 on 2026-02-02, reducing his post-transaction holdings from 112,327 shares to 90,661 shares (a -19.3% reduction). The blended average sale price of $53.26 sits near the current price of $53.29 and well below the 52-week high of $75.56 (stock is -29.5% from peak). His cross-ticker track record shows a 71.43% well-timed rate across 20 prior sells, though measurable outcomes at ETSY specifically remain limited: prior 30-day returns on recent ETSY sales range from -8.5% to +3.7%, with no completed 90-day windows yet to assess timing accuracy at this ticker. The sale size represents a material reduction in a director-level position against a backdrop of recent stock weakness (-7.0% over 30 days, -11.6% over 90 days).

January 2026
2026-01-05 ETSY INC ETSY
high
Sell
86,666 shares
$4,980,170
Significance 6/10

Director Josh Silverman sold 86,666 shares of ETSY for $4,980,169.78 in three transactions on 2026-01-02

Director Josh Silverman executed three separate sales totaling 86,666 shares for $4,980,169.78 at a blended average price of $57.46, reducing his holdings by 48.9% from 177,327 to 90,661 shares. This represents a substantial reduction in his ownership stake. His prior trades at ETSY show mixed timing outcomes: three recent sales on 2025-12-01 generated 30-day returns ranging from +0.6% to +3.7%, while two sales on 2025-11-03 produced negative 30-day returns of -12.7% and -13.3%. The current stock price of $58.56 is 22.5% below the 52-week high, with the stock up 10.0% over 30 days but down 18.0% over 90 days, placing the recent sales within a volatile trading range for the company.

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