Rachna Bhasin - Jun 2, 2023 Form 4 Insider Report for Shutterstock, Inc. (SSTK)

Role
Director
Signature
/s/ John Lapham, Attorney-in-Fact
Stock symbol
SSTK
Transactions as of
Jun 2, 2023
Transactions value $
$0
Form type
4
Date filed
6/6/2023, 04:20 PM
Previous filing
May 15, 2023
Next filing
Jun 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSTK Common Stock Options Exercise $0 +2.26K +24.23% $0.00 11.6K Jun 2, 2023 Direct
transaction SSTK Common Stock Options Exercise $0 +4.06K +35.14% $0.00 15.6K Jun 2, 2023 Direct

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 Options Exercise $0 -2.26K -100% $0.00* 0 Jun 2, 2023 Common Stock 2.26K Direct F1, F2
transaction SSTK Restricted Stock Unit Options Exercise $0 -4.06K -100% $0.00* 0 Jun 2, 2023 Common Stock 4.06K Direct F1, F3
* 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 vested 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.
F3 RSU award granted on June 8, 2020 and vested in full on the earlier of (i) the one year anniversary of the date of grant and (ii) the date immediately preceding the date of the Issuer's 2021 annual meeting of stockholders, subject in each case to the Reporting Person continuing to serve as a director on such vesting date. Pursuant to the Reporting Person's election, once vested, the settlement of these restricted stock units will be deferred until June 4, 2023.