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

Reporting relationship: CHIEF FINANCIAL OFFICER
Issuer ticker: SSTK
Reported as of: 04 Apr 2024
Net transaction value: -$801,799
SEC form: 4
Accepted by SEC: 05 Apr 2024, 16:20:21 UTC
Prior SEC filing: 03 Apr 2024
Next SEC filing: 28 May 2024
Source filing: View source filing
Reporting owner signature: /s/ John Lapham, Attorney-in-Fact

Key filing fact

Jarrod Yahes filed Form 4 for Shutterstock, Inc. (SSTK) on 05 Apr 2024.

Key facts

This page summarizes Jarrod Yahes's Form 4 filing for Shutterstock, Inc. (SSTK).
18 reported transactions and 6 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: -$801,799.

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: +4,239
Change %: +20%
Price: $0.000000
Shares after: 25,292
Date: 04 Apr 2024
Ownership: Direct

SSTK transaction

Common Stock

Tax liability

Transaction value: $77,264
Shares: -1,709
Change %: -6.8%
Price: $45.21
Shares after: 23,583
Date: 04 Apr 2024
Ownership: Direct

SSTK transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +6,171
Change %: +26%
Price: $0.000000
Shares after: 29,754
Date: 04 Apr 2024
Ownership: Direct

SSTK transaction

Common Stock

Tax liability

Transaction value: $112,437
Shares: -2,487
Change %: -8.4%
Price: $45.21
Shares after: 27,267
Date: 04 Apr 2024
Ownership: Direct

SSTK transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +15,732
Change %: +58%
Price: $0.000000
Shares after: 42,999
Date: 04 Apr 2024
Ownership: Direct

SSTK transaction

Common Stock

Tax liability

Transaction value: $384,692
Shares: -8,509
Change %: -20%
Price: $45.21
Shares after: 34,490
Date: 04 Apr 2024
Ownership: Direct

SSTK transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +1,884
Change %: +5.5%
Price: $0.000000
Shares after: 36,374
Date: 04 Apr 2024
Ownership: Direct

SSTK transaction

Common Stock

Tax liability

Transaction value: $47,109
Shares: -1,042
Change %: -2.9%
Price: $45.21
Shares after: 35,332
Date: 04 Apr 2024
Ownership: Direct

SSTK transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +2,743
Change %: +7.8%
Price: $0.000000
Shares after: 38,075
Date: 04 Apr 2024
Ownership: Direct

SSTK transaction

Common Stock

Tax liability

Transaction value: $68,584
Shares: -1,517
Change %: -4%
Price: $45.21
Shares after: 36,558
Date: 04 Apr 2024
Ownership: Direct

SSTK transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +4,467
Change %: +12%
Price: $0.000000
Shares after: 41,025
Date: 04 Apr 2024
Ownership: Direct

SSTK transaction

Common Stock

Tax liability

Transaction value: $111,714
Shares: -2,471
Change %: -6%
Price: $45.21
Shares after: 38,554
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: -4,239
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 04 Apr 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,239
Exercise price
Footnotes: F1, F2

SSTK transaction Derivative

Performance-based Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -6,171
Change %: -43%
Price: $0.000000
Shares after: 8,230
Date: 04 Apr 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 6,171
Exercise price
Footnotes: F1, F3

SSTK transaction Derivative

Performance-based Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -15,732
Change %: -37%
Price: $0.000000
Shares after: 26,805
Date: 04 Apr 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 15,732
Exercise price
Footnotes: F1, F4

SSTK transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -1,884
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 04 Apr 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,884
Exercise price
Footnotes: F5, F6

SSTK transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -2,743
Change %: -50%
Price: $0.000000
Shares after: 2,743
Date: 04 Apr 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,743
Exercise price
Footnotes: F5, F7

SSTK transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -4,467
Change %: -33%
Price: $0.000000
Shares after: 8,935
Date: 04 Apr 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,467
Exercise price
Footnotes: F5, F8

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 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 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.

Footnote F5

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

Footnote F6

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

Footnote 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.

Footnote 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.