Oringer Jonathan - 04 Apr 2022 Form 4 Insider Report for Shutterstock, Inc. (SSTK)

Role: EXECUTIVE CHAIRMAN, Director, 10%+ Owner
Signature: /s/ John Lapham, Attorney-in-Fact
Issuer symbol: SSTK
Transactions as of: 04 Apr 2022
Net transaction value: -$1,119,052
Form type: 4
Filing time: 06 Apr 2022, 16:15:45 UTC
Previous filing: 06 Apr 2022
Next filing: 07 Apr 2022
SEC filing: View on sec.gov

Key filing fact

Oringer Jonathan filed Form 4 for Shutterstock, Inc. (SSTK) on 06 Apr 2022.

Key facts

This page summarizes Oringer Jonathan's Form 4 filing for Shutterstock, Inc. (SSTK).
3 reported transactions and 1 derivative row are listed below.
Filing timestamp: 06 Apr 2022, 16:15.

Change

Previous filing in this sequence was filed on 06 Apr 2022.
Current net transaction value: -$1,119,052.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Reported transactions

SSTK transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +28,263
Change %: +0.24%
Price: $0.000000
Shares after: 11,993,296
Date: 04 Apr 2022
Ownership: Direct

SSTK transaction

Common Stock

Tax liability

Transaction value: $1,119,052
Shares: -11,980
Change %: -0.1%
Price: $93.41
Shares after: 11,981,316
Date: 04 Apr 2022
Ownership: Direct

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

SSTK transaction Derivative

Performance-based Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -28,263
Change %: -43%
Price: $0.000000
Shares after: 37,687
Date: 04 Apr 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 28,263
Exercise price
Footnotes: F1, F2

^* indicates a reported price that failed the local validity check.

Explanation of Responses:

Id	Content
F1	Each Performance-based RSU ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
F2	PSU award granted on April 1, 2021 that vests in three equal annual installments beginning April 1, 2022, contingent upon, and subject to adjustment based on, the achievement of certain adjusted EBITDA margin and revenue growth performance thresholds for each annual performance period. Subject to Compensation Committee confirmation of achievement of performance and subject to adjustment pursuant to the award agreement.

Content

Each Performance-based RSU ("PSU") represents a contingent right to receive one share of the Issuer's common stock.

PSU award granted on April 1, 2021 that vests in three equal annual installments beginning April 1, 2022, contingent upon, and subject to adjustment based on, the achievement of certain adjusted EBITDA margin and revenue growth performance thresholds for each annual performance period. Subject to Compensation Committee confirmation of achievement of performance and subject to adjustment pursuant to the award agreement.