Jarrod Yahes - 04 Apr 2024 Form 4 Insider Report for Shutterstock, Inc. (SSTK)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ John Lapham, Attorney-in-Fact
Issuer symbol
SSTK
Transactions as of
04 Apr 2024
Net transactions value
-$801,799
Form type
4
Filing time
05 Apr 2024, 16:20:21 UTC
Previous filing
03 Apr 2024
Next filing
28 May 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 +4,239 +20% $0.000000 25,292 04 Apr 2024 Direct
transaction SSTK Common Stock Tax liability $77,264 -1,709 -6.8% $45.21 23,583 04 Apr 2024 Direct
transaction SSTK Common Stock Options Exercise $0 +6,171 +26% $0.000000 29,754 04 Apr 2024 Direct
transaction SSTK Common Stock Tax liability $112,437 -2,487 -8.4% $45.21 27,267 04 Apr 2024 Direct
transaction SSTK Common Stock Options Exercise $0 +15,732 +58% $0.000000 42,999 04 Apr 2024 Direct
transaction SSTK Common Stock Tax liability $384,692 -8,509 -20% $45.21 34,490 04 Apr 2024 Direct
transaction SSTK Common Stock Options Exercise $0 +1,884 +5.5% $0.000000 36,374 04 Apr 2024 Direct
transaction SSTK Common Stock Tax liability $47,109 -1,042 -2.9% $45.21 35,332 04 Apr 2024 Direct
transaction SSTK Common Stock Options Exercise $0 +2,743 +7.8% $0.000000 38,075 04 Apr 2024 Direct
transaction SSTK Common Stock Tax liability $68,584 -1,517 -4% $45.21 36,558 04 Apr 2024 Direct
transaction SSTK Common Stock Options Exercise $0 +4,467 +12% $0.000000 41,025 04 Apr 2024 Direct
transaction SSTK Common Stock Tax liability $111,714 -2,471 -6% $45.21 38,554 04 Apr 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 -4,239 -100% $0.000000* 0 04 Apr 2024 Common Stock 4,239 Direct F1, F2
transaction SSTK Performance-based Restricted Stock Unit Options Exercise $0 -6,171 -43% $0.000000 8,230 04 Apr 2024 Common Stock 6,171 Direct F1, F3
transaction SSTK Performance-based Restricted Stock Unit Options Exercise $0 -15,732 -37% $0.000000 26,805 04 Apr 2024 Common Stock 15,732 Direct F1, F4
transaction SSTK Restricted Stock Unit Options Exercise $0 -1,884 -100% $0.000000* 0 04 Apr 2024 Common Stock 1,884 Direct F5, F6
transaction SSTK Restricted Stock Unit Options Exercise $0 -2,743 -50% $0.000000 2,743 04 Apr 2024 Common Stock 2,743 Direct F5, F7
transaction SSTK Restricted Stock Unit Options Exercise $0 -4,467 -33% $0.000000 8,935 04 Apr 2024 Common Stock 4,467 Direct F5, F8
* 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, 2022 that vests in three equal annual installments beginning April 1, 2023, subject to the Reporting Person's continued employment on such vesting date.
F8 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.