---
schema_version: "secwatch.filing_event.v1"
accession: "0001370637-26-000054"
form_type: "8-K"
ticker: "ETSY"
cik: "0001370637"
company_name: "ETSY INC"
filed_at: "2026-05-28T20:21:26+00:00"
generated_at: "2026-05-28T20:23:39.516335+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Etsy gets up to $136M termination fee from eBay if Depop deal fails after July 31

## Summary
- New Business Disruption Fee ranges $0–$136M depending on termination date: $34M by June 30, $68M by July 15, $102M by July 31, $136M after.
- Fee payable by eBay to Etsy if SPA terminated due to regulatory clearance failure, excluding Etsy's willful breach or fraud.
- Expected closing of Depop sale delayed from Q2 to Q3 2026; letter agreement permits Etsy/Depop to invest pending close.
- Existing SPA already provides $90M termination fee for regulatory failure, plus $70M in certain termination events.

## SEC filing metadata
- accession: 0001370637-26-000054
- form_type: 8-K
- ticker: ETSY
- cik: 0001370637
- company_name: ETSY INC
- filed_at: 2026-05-28T20:21:26+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1370637/000137063726000054/0001370637-26-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1370637/000137063726000054/etsy-20260521.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001370637-26-000054
- JSON: https://secwatch.observer/filing/0001370637-26-000054.json
- Plain text: https://secwatch.observer/filing/0001370637-26-000054.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.