Steven Ciardiello - Jul 1, 2021 Form 4 Insider Report for Shutterstock, Inc. (SSTK)

Role
Chief Accounting Officer
Signature
/s/ John Lapham, Attorney-in-Fact
Stock symbol
SSTK
Transactions as of
Jul 1, 2021
Transactions value $
-$378,729
Form type
4
Date filed
7/6/2021, 04:21 PM
Next filing
Feb 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSTK Common Stock Tax liability -$185K -1.87K -6.28% $98.98 27.9K Jul 1, 2021 Direct F1
transaction SSTK Common Stock Sale -$194K -1.94K -6.97% $99.76 25.9K Jul 6, 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 1, 2021, the Reporting Person acquired 3,811 shares of Issuer's common stock upon the vesting of restricted stock units (RSUs). In connection with this vest, 1,867 shares were withheld by the Issuer to cover taxes due upon vesting of the RSUs.
F2 Shares were sold pursuant to a duly adopted 10b5-1 trading plan entered into in accordance with the Issuer's insider trading policy. The plan provides for periodic sales of a total maximum of 24,399 shares over the period beginning on March 22, 2021 through July 30, 2021 and was entered into for investment diversification purposes.