The article says that it is unlikely that Kalim has a significant equity position in Etsy because he is not listed amongst the principal shareholders in the S-1.
The definition of principal shareholder here is: officer of the company, director on the board, or representing 5% or more equity stake.
Thus, Kalin could have as much as 4.99% of Etsy and still not be listed.
I would guess that Kalin has a significant equity stake in Etsy. It has no doubt seen dilution over time, but if I were a betting man, I would bet that unless he has already sold his shares in the secondary markets, his net worth will be a princely sum indeed.
The definition of principal shareholder here is: officer of the company, director on the board, or representing 5% or more equity stake.
Thus, Kalin could have as much as 4.99% of Etsy and still not be listed.
I would guess that Kalin has a significant equity stake in Etsy. It has no doubt seen dilution over time, but if I were a betting man, I would bet that unless he has already sold his shares in the secondary markets, his net worth will be a princely sum indeed.