Alfonse L. Upshaw - Jun 3, 2021 Form 4 Insider Report for Shutterstock, Inc. (SSTK)

Role: Director
Signature: /s/ John Lapham, Attorney-in-Fact
Stock symbol: SSTK
Transactions as of: Jun 3, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/7/2021, 03:20 PM
Next filing: Jun 6, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SSTK	Restricted Stock Unit	Award	$0	+1.7K		$0.00	1.7K	Jun 3, 2021	Common Stock	1.7K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F2	RSU award granted on June 3, 2021 that vests in full on the earlier of June 3, 2022, or the date immediately preceding the 2022 Annual Meeting of Shareholders, subject to the Reporting Person's continued service on such vesting date. Pursuant to the Reporting Person's election, once vested, the settlement of these restricted stock units will be deferred until the earlier of the Reporting Person's termination of service on the Board or a change in control of the Issuer.

Content

Each RSU represents a contingent right to receive one share of the Issuer's common stock.

RSU award granted on June 3, 2021 that vests in full on the earlier of June 3, 2022, or the date immediately preceding the 2022 Annual Meeting of Shareholders, subject to the Reporting Person's continued service on such vesting date. Pursuant to the Reporting Person's election, once vested, the settlement of these restricted stock units will be deferred until the earlier of the Reporting Person's termination of service on the Board or a change in control of the Issuer.