Stan Pavlovsky - 04 Apr 2022 Form 4 Insider Report for Shutterstock, Inc. (SSTK)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
06 Apr 2022, 16:15:28 UTC
Prior SEC filing
06 Apr 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ John Lapham, Attorney-in-Fact

Key filing fact

Stan Pavlovsky filed Form 4 for Shutterstock, Inc. (SSTK) on 06 Apr 2022.

Key facts

  • This page summarizes Stan Pavlovsky's Form 4 filing for Shutterstock, Inc. (SSTK).
  • 12 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 06 Apr 2022, 16:15.

Change

  • Previous filing in this sequence was filed on 06 Apr 2022.
  • Current net transaction value: -$1,691,375.

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
+16,957
Change %
+16%
Price
$0.000000
Shares after
123,108
Date
04 Apr 2022
Ownership
Direct
SSTK transaction

Common Stock

Tax liability

Transaction value
$808,650
Shares
-8,657
Change %
-7%
Price
$93.41
Shares after
114,451
Date
04 Apr 2022
Ownership
Direct
SSTK transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+5,580
Change %
+4.9%
Price
$0.000000
Shares after
120,031
Date
04 Apr 2022
Ownership
Direct
SSTK transaction

Common Stock

Tax liability

Transaction value
$266,125
Shares
-2,849
Change %
-2.4%
Price
$93.41
Shares after
117,182
Date
04 Apr 2022
Ownership
Direct
SSTK transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+9,161
Change %
+7.8%
Price
$0.000000
Shares after
126,343
Date
04 Apr 2022
Ownership
Direct
SSTK transaction

Common Stock

Tax liability

Transaction value
$436,879
Shares
-4,677
Change %
-3.7%
Price
$93.41
Shares after
121,666
Date
04 Apr 2022
Ownership
Direct
SSTK transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+3,768
Change %
+3.1%
Price
$0.000000
Shares after
125,434
Date
04 Apr 2022
Ownership
Direct
SSTK transaction

Common Stock

Tax liability

Transaction value
$179,721
Shares
-1,924
Change %
-1.5%
Price
$93.41
Shares after
123,510
Date
04 Apr 2022
Ownership
Direct

Reported derivative securities

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

SSTK transaction Derivative

Performance-based Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-16,957
Change %
-43%
Price
$0.000000
Shares after
22,612
Date
04 Apr 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
16,957
Exercise price
Footnotes
F1, F2
SSTK transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-5,580
Change %
-100%
Price
$0.000000*
Shares after
0
Date
04 Apr 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
5,580
Exercise price
Footnotes
F3, F4
SSTK transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-9,161
Change %
-49%
Price
$0.000000
Shares after
9,440
Date
04 Apr 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
9,161
Exercise price
Footnotes
F3, F5
SSTK transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-3,768
Change %
-33%
Price
$0.000000
Shares after
7,537
Date
04 Apr 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,768
Exercise price
Footnotes
F3, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Each Performance-based RSU ("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 vests 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

Each RSU represents a contingent right to receive one share of the Issuer's common stock.

Footnote F4

RSU award granted on April 1, 2019 that vests in three equal annual installments beginning April 1, 2020, subject to the Reporting Person's continued employment on such vesting date.

Footnote F5

RSU award granted on April 1, 2020 that vests in three equal annual installments beginning April 1, 2021, subject to the Reporting Person's continued employment on such vesting date.

Footnote F6

RSU award granted on April 1, 2021 that vests in three equal annual installments beginning April 1, 2022, subject to the Reporting Person's continued employment on such vesting date.

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