Key facts
- This page summarizes Oringer Jonathan's Form 4 filing for Shutterstock, Inc. (SSTK).
- 5 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 03 Mar 2023, 15:20.
Oringer Jonathan - 01 Mar 2023 Form 4 Insider Report for Shutterstock, Inc. (SSTK)
- Reporting relationship
- EXECUTIVE CHAIRMAN, Director, 10%+ Owner
- Issuer ticker
- SSTK
- Reported as of
- 01 Mar 2023
- Net transaction value
- -$1,953,663
- SEC form
- 4
- Accepted by SEC
- 03 Mar 2023, 15:20:22 UTC
- Prior SEC filing
- 07 Feb 2023
- Next SEC filing
- 07 Mar 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ John Lapham, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Oringer Jonathan filed Form 4 for Shutterstock, Inc. (SSTK) on 03 Mar 2023.
Change
- Previous filing in this sequence was filed on 07 Feb 2023.
- Current net transaction value: -$1,953,663.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SSTK
transaction
Common Stock
Sale
- Transaction value
- $345,782
- Shares
- -4,600
- Change %
- -0.04%
- Price
- $75.17
- Shares after
- 11,523,010
- Date
- 01 Mar 2023
- Ownership
- Direct
- Footnotes
- F1, F2
SSTK
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +47,785
- Change %
- +0.41%
- Price
- $0.000000
- Shares after
- 11,570,795
- Date
- 02 Mar 2023
- Ownership
- Direct
SSTK
transaction
Common Stock
Tax liability
- Transaction value
- $1,442,661
- Shares
- -19,388
- Change %
- -0.17%
- Price
- $74.41
- Shares after
- 11,551,407
- Date
- 02 Mar 2023
- Ownership
- Direct
SSTK
transaction
Common Stock
Sale
- Transaction value
- $165,220
- Shares
- -2,200
- Change %
- -0.02%
- Price
- $75.10
- Shares after
- 11,549,207
- Date
- 02 Mar 2023
- Ownership
- Direct
- Footnotes
- F1, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SSTK
transaction
Derivative
Performance-based Restricted Stock Unit
Options Exercise
- Transaction value
- $0
- Shares
- -47,785
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 02 Mar 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 47,785
- Exercise price
- Footnotes
- F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
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 1,800,000 shares over the period beginning on June 1, 2022 through May 31, 2023 and was entered into for investment diversification purposes.
Footnote F2
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.00 to 75.54 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Footnote F3
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.00 to 75.30 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Footnote F4
Each Performance-based RSU ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
Footnote F5
PSU award, granted on April 1, 2020 (the "2020 Award") 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, the 2020 Award vested on March 1, 2021, March 1, 2022 and March 1, 2023 at 33%, 33% and 34% of the aggregate target, respectively, subject to adjustment pursuant to the award agreement.