Alfonse L. Upshaw - 02 Jun 2022 Form 4 Insider Report for Shutterstock, Inc. (SSTK)

Role: Director
Signature: /s/ John Lapham, Attorney-in-Fact
Issuer symbol: SSTK
Transactions as of: 02 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 06 Jun 2022, 16:15:35 UTC
Previous filing: 07 Jun 2021
Next filing: 09 Jun 2023
SEC: View on sec.gov

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	+2,255		$0.000000	2,255	02 Jun 2022	Common Stock	2,255		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 2, 2022 that vests in full on the earlier of June 2, 2023, or the date immediately preceding the 2023 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 2, 2022 that vests in full on the earlier of June 2, 2023, or the date immediately preceding the 2023 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.