Steven Ciardiello - 01 Apr 2025 Form 4 Insider Report for Shutterstock, Inc. (SSTK)

Role
CHIEF ACCOUNTING OFFICER
Signature
/s/ John Lapham, Attorney-in-Fact
Issuer symbol
SSTK
Transactions as of
01 Apr 2025
Net transactions value
-$53,122
Form type
4
Filing time
03 Apr 2025, 16:13:23 UTC
Previous filing
05 Apr 2024
Next filing
05 Aug 2025
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 +1,131 +2.7% $0.000000 42,471 02 Apr 2025 Direct
transaction SSTK Common Stock Tax liability $7,589 -408 -0.96% $18.60 42,063 02 Apr 2025 Direct
transaction SSTK Common Stock Options Exercise $0 +1,546 +3.7% $0.000000 43,609 02 Apr 2025 Direct
transaction SSTK Common Stock Tax liability $10,379 -558 -1.3% $18.60 43,051 02 Apr 2025 Direct
transaction SSTK Common Stock Options Exercise $0 +3,178 +7.4% $0.000000 46,229 02 Apr 2025 Direct
transaction SSTK Common Stock Tax liability $21,316 -1,146 -2.5% $18.60 45,083 02 Apr 2025 Direct
transaction SSTK Common Stock Options Exercise $0 +503 +1.1% $0.000000 45,586 02 Apr 2025 Direct
transaction SSTK Common Stock Tax liability $3,385 -182 -0.4% $18.60 45,404 02 Apr 2025 Direct
transaction SSTK Common Stock Options Exercise $0 +687 +1.5% $0.000000 46,091 02 Apr 2025 Direct
transaction SSTK Common Stock Tax liability $4,613 -248 -0.54% $18.60 45,843 02 Apr 2025 Direct
transaction SSTK Common Stock Options Exercise $0 +870 +1.9% $0.000000 46,713 02 Apr 2025 Direct
transaction SSTK Common Stock Tax liability $5,840 -314 -0.67% $18.60 46,399 02 Apr 2025 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 Award $0 +7,119 $0.000000 7,119 01 Apr 2025 Common Stock 7,119 Direct F1, F2
transaction SSTK Restricted Stock Unit Award $0 +23,730 $0.000000 23,730 01 Apr 2025 Common Stock 23,730 Direct F1, F2
transaction SSTK Performance-based Restricted Stock Unit Options Exercise $0 -1,131 -100% $0.000000 0 02 Apr 2025 Common Stock 1,131 Direct F3, F4
transaction SSTK Performance-based Restricted Stock Unit Options Exercise $0 -1,546 -43% $0.000000 2,062 02 Apr 2025 Common Stock 1,546 Direct F3, F5
transaction SSTK Performance-based Restricted Stock Unit Options Exercise $0 -3,178 -38% $0.000000 5,226 02 Apr 2025 Common Stock 3,178 Direct F3, F6
transaction SSTK Restricted Stock Unit Options Exercise $0 -503 -100% $0.000000 0 02 Apr 2025 Common Stock 503 Direct F1, F7
transaction SSTK Restricted Stock Unit Options Exercise $0 -687 -50% $0.000000 687 02 Apr 2025 Common Stock 687 Direct F1, F8
transaction SSTK Restricted Stock Unit Options Exercise $0 -870 -33% $0.000000 1,742 02 Apr 2025 Common Stock 870 Direct F1, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2 RSU award granted on April 1, 2025 that vests in three equal annual installments beginning April 1, 2026, subject to the Reporting Person's continued employment on such vesting date.
F3 Each Performance-based RSU ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
F4 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.
F5 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.
F6 PSU award granted on April 1, 2024 that vests in three equal annual installments beginning April 1, 2025, 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.
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.
F9 RSU award granted on April 1, 2024 that vests in three equal annual installments beginning April 1, 2025, subject to the Reporting Person's continued employment on such vesting date.