Paul J. Hennessy - 01 Jul 2025 Form 4 Insider Report for Shutterstock, Inc. (SSTK)

Role: CHIEF EXECUTIVE OFFICER, Director
Signature: /s/ John Lapham, Attorney-in-Fact
Issuer symbol: SSTK
Transactions as of: 01 Jul 2025
Net transactions value: -$3,659,386
Form type: 4
Filing time: 03 Jul 2025, 16:05:08 UTC
Previous filing: 24 Jun 2025
Next filing: 01 Oct 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Hennessy Paul J.	CHIEF EXECUTIVE OFFICER, Director	C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 20TH FLOOR, NEW YORK	/s/ John Lapham, Attorney-in-Fact	03 Jul 2025	0001637941

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SSTK	Common Stock	Options Exercise	$0	+275,113	+209%	$0.000000	406,795	01 Jul 2025	Direct
transaction	SSTK	Common Stock	Tax liability	$2,760,534	-137,340	-34%	$20.10	269,455	01 Jul 2025	Direct
transaction	SSTK	Common Stock	Options Exercise	$0	+87,597	+33%	$0.000000	357,052	01 Jul 2025	Direct
transaction	SSTK	Common Stock	Tax liability	$898,852	-44,719	-13%	$20.10	312,333	01 Jul 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	Performance-based Restricted Stock Units	Options Exercise	$0	-275,113	-100%	$0.000000	0	01 Jul 2025	Common Stock	275,113		Direct	F1, F2
transaction	SSTK	Restricted Stock Unit	Options Exercise	$0	-87,597	-100%	$0.000000	0	01 Jul 2025	Common Stock	87,597		Direct	F3, F4

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

Explanation of Responses:

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