John Caine - Feb 2, 2024 Form 4 Insider Report for Shutterstock, Inc. (SSTK)

Role
GLOBAL HEAD OF ECOMMERCE
Signature
/s/ John Lapham, Attorney-in-Fact
Stock symbol
SSTK
Transactions as of
Feb 2, 2024
Transactions value $
-$299,442
Form type
4
Date filed
2/5/2024, 04:20 PM
Previous filing
Oct 25, 2023
Next filing
Feb 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSTK Common Stock Options Exercise $0 +17.2K $0.00 17.2K Feb 2, 2024 Direct
transaction SSTK Common Stock Tax liability -$299K -6.32K -36.75% $47.38 10.9K Feb 2, 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 -17.2K -25% $0.00 51.6K Feb 2, 2024 Common Stock 17.2K 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.