John Caine - Apr 4, 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
Apr 4, 2024
Transactions value $
-$186,220
Form type
4
Date filed
4/5/2024, 04:20 PM
Previous filing
Apr 3, 2024
Next filing
Apr 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSTK Common Stock Options Exercise $0 +8.07K +148.32% $0.00 13.5K Apr 4, 2024 Direct
transaction SSTK Common Stock Tax liability -$186K -4.12K -30.5% $45.21 9.39K Apr 4, 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 Performance-based Restricted Stock Unit Options Exercise $0 -8.07K -36.98% $0.00 13.7K Apr 4, 2024 Common Stock 8.07K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance-based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
F2 PSU award granted on April 3, 2023 that vests in three equal annual installments beginning April 1, 2024, contingent upon, and subject to adjustment based on, the achievement of certain adjusted EBITDA margin and revenue growth performance thresholds for each annual performance period. Subject to Compensation Committee confirmation of achievement of performance and subject to adjustment pursuant to the award agreement.