Alfonse L. Upshaw - Jun 5, 2024 Form 4 Insider Report for Shutterstock, Inc. (SSTK)

Role: Director
Signature: /s/ John Lapham, Attorney-in-Fact
Stock symbol: SSTK
Transactions as of: Jun 5, 2024
Transactions value $: $0
Form type: 4
Date filed: 6/6/2024, 04:20 PM
Previous filing: Jun 9, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SSTK	Common Stock	Options Exercise	$0	+2.78K		$0.00	2.78K	Jun 5, 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	-2.78K	-100%	$0.00^*	0	Jun 5, 2024	Common Stock	2.78K		Direct	F1, F2
transaction	SSTK	Restricted Stock Unit	Award	$0	+4.32K		$0.00	4.32K	Jun 6, 2024	Common Stock	4.32K		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F2	RSU award granted on June 8, 2023 that vested in full on the earlier of June 8, 2024, or the date immediately preceding the 2024 Annual Meeting of Shareholders, subject to the Reporting Person's continued service on such vesting date.
F3	RSU award granted on June 6, 2024 that vests in full on the earlier of June 5, 2025, or the date immediately preceding the 2025 Annual Meeting of Shareholders, subject to the Reporting Person's continued service on such vesting date. Pursuant to the Reporting Person's election, once vested, the settlement of these restricted stock units will be deferred until the earlier of the Reporting Person's termination of service on the Board or a change in control of the Issuer.