Jonathan Oringer - Dec 22, 2023 Form 4 Insider Report for Shutterstock, Inc. (SSTK)

Role: EXECUTIVE CHAIRMAN, Director, 10%+ Owner
Signature: /s/ John Lapham, Attorney-in-Fact
Stock symbol: SSTK
Transactions as of: Dec 22, 2023
Transactions value $: -$5,000
Form type: 4
Date filed: 12/26/2023, 04:20 PM
Previous filing: Dec 15, 2023
Next filing: Jan 23, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SSTK	Common Stock	Sale	-$5K	-100	0%	$50.00	11.1M	Dec 22, 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
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 2,100,000 shares over the period beginning on June 1, 2023 through May 31, 2024 and was entered into for investment diversification purposes.