Paul J. Hennessy - Jul 3, 2023 Form 4 Insider Report for Shutterstock, Inc. (SSTK)

Role: CHIEF EXECUTIVE OFFICER, Director
Signature: /s/ John Lapham, Attorney-in-Fact
Stock symbol: SSTK
Transactions as of: Jul 3, 2023
Transactions value $: -$2,113,592
Form type: 4
Date filed: 7/5/2023, 04:20 PM
Previous filing: Jul 6, 2022
Next filing: May 28, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SSTK	Common Stock	Options Exercise	$0	+87.6K	+281.35%	$0.00	119K	Jul 3, 2023	Direct
transaction	SSTK	Common Stock	Tax liability	-$2.11M	-43.4K	-36.58%	$48.67	75.3K	Jul 3, 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	-87.6K	-33.33%	$0.00	175K	Jul 3, 2023	Common Stock	87.6K		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 July 1, 2022 that vests in three equal annual installments beginning July 1, 2023, subject to the Reporting Person's continued employment on such vesting date.