John Caine - 02 Feb 2024 Form 4 Insider Report for Shutterstock, Inc. (SSTK)

Role
GLOBAL HEAD OF ECOMMERCE
Signature
/s/ John Lapham, Attorney-in-Fact
Issuer symbol
SSTK
Transactions as of
02 Feb 2024
Net transactions value
-$299,442
Form type
4
Filing time
05 Feb 2024, 16:20:11 UTC
Previous filing
25 Oct 2023
Next filing
06 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSTK Common Stock Options Exercise $0 +17,199 $0.000000 17,199 02 Feb 2024 Direct
transaction SSTK Common Stock Tax liability $299,442 -6,320 -37% $47.38 10,879 02 Feb 2024 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 -17,199 -25% $0.000000 51,600 02 Feb 2024 Common Stock 17,199 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2 RSU award granted on February 1, 2023 that vested 25% on February 1, 2024 and will vest as follows: 25% on February 1, 2025; then 6.25% on each of May 1, 2025, August 1, 2025, November 1, 2025, February 1, 2026, May 1, 2026, August 1, 2026, November 1, 2026 and February 1, 2027, subject to the Reporting Person's continued employment on such vesting date.