secwatch.observer — SEC 8-K summary
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Issuer:     ETSY INC (ETSY)
CIK:        0001370637
Form:       8-K
Filed at:   2026-05-28T20:21:26+00:00
Accession:  0001370637-26-000054
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370637/000137063726000054/0001370637-26-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370637/000137063726000054/etsy-20260521.htm
  HTML page:      https://secwatch.observer/filing/0001370637-26-000054

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