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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
05 Apr 2024, 16:20:23 UTC
Prior SEC filing
03 Apr 2024
Next SEC filing
03 Apr 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ John Lapham, Attorney-in-Fact

Key filing fact

Oringer Jonathan filed Form 4 for Shutterstock, Inc. (SSTK) on 05 Apr 2024.

Key facts

  • This page summarizes Oringer Jonathan's Form 4 filing for Shutterstock, Inc. (SSTK).
  • 9 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 05 Apr 2024, 16:20.

Change

  • Previous filing in this sequence was filed on 03 Apr 2024.
  • Current net transaction value: -$917,175.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SSTK transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+14,133
Change %
+0.13%
Price
$0.000000
Shares after
10,858,073
Date
04 Apr 2024
Ownership
Direct
SSTK transaction

Common Stock

Tax liability

Transaction value
$172,069
Shares
-3,806
Change %
-0.04%
Price
$45.21
Shares after
10,854,267
Date
04 Apr 2024
Ownership
Direct
SSTK transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+15,086
Change %
+0.14%
Price
$0.000000
Shares after
10,869,353
Date
04 Apr 2024
Ownership
Direct
SSTK transaction

Common Stock

Tax liability

Transaction value
$216,375
Shares
-4,786
Change %
-0.04%
Price
$45.21
Shares after
10,864,567
Date
04 Apr 2024
Ownership
Direct
SSTK transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+29,584
Change %
+0.27%
Price
$0.000000
Shares after
10,894,151
Date
04 Apr 2024
Ownership
Direct
SSTK transaction

Common Stock

Tax liability

Transaction value
$528,731
Shares
-11,695
Change %
-0.11%
Price
$45.21
Shares after
10,882,456
Date
04 Apr 2024
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SSTK transaction Derivative

Performance-based Restricted Stock Unit

Options Exercise

Transaction value
$0
Shares
-14,133
Change %
-100%
Price
$0.000000*
Shares after
0
Date
04 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
14,133
Exercise price
Footnotes
F1, F2
SSTK transaction Derivative

Performance-based Restricted Stock Unit

Options Exercise

Transaction value
$0
Shares
-15,086
Change %
-43%
Price
$0.000000
Shares after
20,116
Date
04 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
15,086
Exercise price
Footnotes
F1, F3
SSTK transaction Derivative

Performance-based Restricted Stock Unit

Options Exercise

Transaction value
$0
Shares
-29,584
Change %
-37%
Price
$0.000000
Shares after
50,401
Date
04 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
29,584
Exercise price
Footnotes
F1, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Each Performance-based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.

Footnote 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.

Footnote 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.

Footnote 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.

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