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

Reporting relationship: CHIEF ACCOUNTING OFFICER
Issuer ticker: SSTK
Reported as of: 01 Apr 2025
Net transaction value: -$53,122
SEC form: 4
Accepted by SEC: 03 Apr 2025, 16:13:23 UTC
Prior SEC filing: 05 Apr 2024
Next SEC filing: 05 Aug 2025
Source filing: View source filing
Reporting owner signature: /s/ John Lapham, Attorney-in-Fact

Key filing fact

Steven Ciardiello filed Form 4 for Shutterstock, Inc. (SSTK) on 03 Apr 2025.

Key facts

This page summarizes Steven Ciardiello's Form 4 filing for Shutterstock, Inc. (SSTK).
20 reported transactions and 8 derivative rows are listed below.
Accepted by SEC: 03 Apr 2025, 16:13.

Change

Previous filing in this sequence was filed on 05 Apr 2024.
Current net transaction value: -$53,122.

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: +1,131
Change %: +2.7%
Price: $0.000000
Shares after: 42,471
Date: 02 Apr 2025
Ownership: Direct

SSTK transaction

Common Stock

Tax liability

Transaction value: $7,589
Shares: -408
Change %: -0.96%
Price: $18.60
Shares after: 42,063
Date: 02 Apr 2025
Ownership: Direct

SSTK transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +1,546
Change %: +3.7%
Price: $0.000000
Shares after: 43,609
Date: 02 Apr 2025
Ownership: Direct

SSTK transaction

Common Stock

Tax liability

Transaction value: $10,379
Shares: -558
Change %: -1.3%
Price: $18.60
Shares after: 43,051
Date: 02 Apr 2025
Ownership: Direct

SSTK transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +3,178
Change %: +7.4%
Price: $0.000000
Shares after: 46,229
Date: 02 Apr 2025
Ownership: Direct

SSTK transaction

Common Stock

Tax liability

Transaction value: $21,316
Shares: -1,146
Change %: -2.5%
Price: $18.60
Shares after: 45,083
Date: 02 Apr 2025
Ownership: Direct

SSTK transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +503
Change %: +1.1%
Price: $0.000000
Shares after: 45,586
Date: 02 Apr 2025
Ownership: Direct

SSTK transaction

Common Stock

Tax liability

Transaction value: $3,385
Shares: -182
Change %: -0.4%
Price: $18.60
Shares after: 45,404
Date: 02 Apr 2025
Ownership: Direct

SSTK transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +687
Change %: +1.5%
Price: $0.000000
Shares after: 46,091
Date: 02 Apr 2025
Ownership: Direct

SSTK transaction

Common Stock

Tax liability

Transaction value: $4,613
Shares: -248
Change %: -0.54%
Price: $18.60
Shares after: 45,843
Date: 02 Apr 2025
Ownership: Direct

SSTK transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +870
Change %: +1.9%
Price: $0.000000
Shares after: 46,713
Date: 02 Apr 2025
Ownership: Direct

SSTK transaction

Common Stock

Tax liability

Transaction value: $5,840
Shares: -314
Change %: -0.67%
Price: $18.60
Shares after: 46,399
Date: 02 Apr 2025
Ownership: Direct

Reported derivative securities

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

SSTK transaction Derivative

Restricted Stock Unit

Award

Transaction value: $0
Shares: +7,119
Change %
Price: $0.000000
Shares after: 7,119
Date: 01 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,119
Exercise price
Footnotes: F1, F2

SSTK transaction Derivative

Restricted Stock Unit

Award

Transaction value: $0
Shares: +23,730
Change %
Price: $0.000000
Shares after: 23,730
Date: 01 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 23,730
Exercise price
Footnotes: F1, F2

SSTK transaction Derivative

Performance-based Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -1,131
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 02 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,131
Exercise price
Footnotes: F3, F4

SSTK transaction Derivative

Performance-based Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -1,546
Change %: -43%
Price: $0.000000
Shares after: 2,062
Date: 02 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,546
Exercise price
Footnotes: F3, F5

SSTK transaction Derivative

Performance-based Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -3,178
Change %: -38%
Price: $0.000000
Shares after: 5,226
Date: 02 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,178
Exercise price
Footnotes: F3, F6

SSTK transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -503
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 02 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 503
Exercise price
Footnotes: F1, F7

SSTK transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -687
Change %: -50%
Price: $0.000000
Shares after: 687
Date: 02 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 687
Exercise price
Footnotes: F1, F8

SSTK transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -870
Change %: -33%
Price: $0.000000
Shares after: 1,742
Date: 02 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 870
Exercise price
Footnotes: F1, F9

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote F1

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

Footnote 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.

Footnote F3

Each Performance-based RSU ("PSU") represents a contingent right to receive one share of the Issuer's common stock.

Footnote 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.

Footnote 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.

Footnote 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.

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.

Footnote 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.