SCHEDULE: Citadel Entities Report Passive Stake in Etsy

Citadel-affiliated entities and Kenneth Griffin have disclosed passive beneficial ownership in Etsy, Inc. common stock.

Summary

• Citadel Securities GP LLC and Citadel Securities Group LP each beneficially own 3,320,444 shares of Etsy, Inc. common stock, representing 3.4% of the class.
• Citadel Securities LLC beneficially owns 2,055,142 shares, accounting for 2.1% of the outstanding shares.
• Citadel Advisors LLC, Citadel Advisors Holdings LP, and Citadel GP LLC each beneficially own 1,510,503 shares, representing 1.5% of the class.
• Kenneth Griffin, through his control over the various Citadel entities, is deemed to beneficially own an aggregate of 4,830,947 shares, which constitutes 4.9% of Etsy's common stock.
• All reported shares are held with shared voting and shared dispositive power, with no sole voting or sole dispositive power.
• The percentages are based on 99,108,568 shares of Etsy common stock outstanding as of July 25, 2025.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the issuer's performance or prospects.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of passive beneficial ownership by a major investment firm and its affiliates in a publicly traded e-commerce company. It does not indicate any strategic shift or operational impact on Etsy or the broader e-commerce industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant passive ownership by Citadel-affiliated entities and Kenneth Griffin.

Key Dates

Keywords

Etsy, Citadel, Kenneth Griffin, Beneficial Ownership, Schedule 13G, Common Stock, Investment