Steven Ciardiello - Apr 4, 2024 Form 4 Insider Report for Shutterstock, Inc. (SSTK)

Role
CHIEF ACCOUNTING OFFICER
Signature
/s/ John Lapham, Attorney-in-Fact
Stock symbol
SSTK
Transactions as of
Apr 4, 2024
Transactions value $
-$102,943
Form type
4
Date filed
4/5/2024, 04:20 PM
Previous filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSTK Common Stock Options Exercise $0 +954 +2.56% $0.00 38.3K Apr 4, 2024 Direct
transaction SSTK Common Stock Tax liability -$15.6K -344 -0.9% $45.21 37.9K Apr 4, 2024 Direct
transaction SSTK Common Stock Options Exercise $0 +1.13K +2.98% $0.00 39.1K Apr 4, 2024 Direct
transaction SSTK Common Stock Tax liability -$18.4K -408 -1.04% $45.21 38.6K Apr 4, 2024 Direct
transaction SSTK Common Stock Options Exercise $0 +2.42K +6.26% $0.00 41.1K Apr 4, 2024 Direct
transaction SSTK Common Stock Tax liability -$39.5K -873 -2.13% $45.21 40.2K Apr 4, 2024 Direct
transaction SSTK Common Stock Options Exercise $0 +424 +1.06% $0.00 40.6K Apr 4, 2024 Direct
transaction SSTK Common Stock Tax liability -$6.92K -153 -0.38% $45.21 40.5K Apr 4, 2024 Direct
transaction SSTK Common Stock Options Exercise $0 +189 +0.47% $0.00 40.6K Apr 4, 2024 Direct
transaction SSTK Common Stock Tax liability -$3.12K -69 -0.17% $45.21 40.6K Apr 4, 2024 Direct
transaction SSTK Common Stock Options Exercise $0 +503 +1.24% $0.00 41.1K Apr 4, 2024 Direct
transaction SSTK Common Stock Tax liability -$8.23K -182 -0.44% $45.21 40.9K Apr 4, 2024 Direct
transaction SSTK Common Stock Options Exercise $0 +687 +1.68% $0.00 41.6K Apr 4, 2024 Direct
transaction SSTK Common Stock Tax liability -$11.2K -248 -0.6% $45.21 41.3K 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 -954 -100% $0.00* 0 Apr 4, 2024 Common Stock 954 Direct F1, F2
transaction SSTK Performance-based Restricted Stock Unit Options Exercise $0 -1.13K -42.84% $0.00 1.51K Apr 4, 2024 Common Stock 1.13K Direct F1, F3
transaction SSTK Performance-based Restricted Stock Unit Options Exercise $0 -2.42K -36.97% $0.00 4.12K Apr 4, 2024 Common Stock 2.42K Direct F1, F4
transaction SSTK Restricted Stock Unit Options Exercise $0 -424 -100% $0.00* 0 Apr 4, 2024 Common Stock 424 Direct F5, F6
transaction SSTK Restricted Stock Unit Options Exercise $0 -189 -100% $0.00* 0 Apr 4, 2024 Common Stock 189 Direct F5, F7
transaction SSTK Restricted Stock Unit Options Exercise $0 -503 -50% $0.00 503 Apr 4, 2024 Common Stock 503 Direct F5, F8
transaction SSTK Restricted Stock Unit Options Exercise $0 -687 -33.33% $0.00 1.37K Apr 4, 2024 Common Stock 687 Direct F5, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance-based RSU ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
F2 PSU award granted on April 1, 2021 that vested in three equal annual installments beginning April 1, 2022, 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.
F3 PSU award granted on April 1, 2022 that vests in three equal annual installments beginning April 1, 2023, 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.
F4 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.
F5 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F6 RSU award granted on April 1, 2021 that vested in three equal annual installments beginning April 1, 2022, subject to the Reporting Person's continued employment on such vesting date.
F7 RSU award granted on April 1, 2021 that vested in three equal annual installments beginning April 1, 2022, subject to the Reporting Person's continued employment on such vesting date.
F8 RSU award granted on April 1, 2022 that vests in three equal annual installments beginning April 1, 2023, subject to the Reporting Person's continued employment on such vesting date.
F9 RSU award granted on April 3, 2023 that vests in three equal annual installments beginning April 1, 2024, subject to the Reporting Person's continued employment on such vesting date.