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

Reporting relationship: CHIEF EXECUTIVE OFFICER, Director
Issuer ticker: SSTK
Reported as of: 01 Jul 2025
Net transaction value: -$3,659,386
SEC form: 4
Accepted by SEC: 03 Jul 2025, 16:05:08 UTC
Prior SEC filing: 24 Jun 2025
Next SEC filing: 01 Oct 2025
Source filing: View source filing
Reporting owner signature: /s/ John Lapham, Attorney-in-Fact

Key filing fact

Paul J. Hennessy filed Form 4 for Shutterstock, Inc. (SSTK) on 03 Jul 2025.

Key facts

This page summarizes Paul J. Hennessy's Form 4 filing for Shutterstock, Inc. (SSTK).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 03 Jul 2025, 16:05.

Change

Previous filing in this sequence was filed on 24 Jun 2025.
Current net transaction value: -$3,659,386.

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

Reporting Owners (1)

CIK 0001637941 Primary reporting owner

Hennessy Paul J.

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

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: +275,113
Change %: +209%
Price: $0.000000
Shares after: 406,795
Date: 01 Jul 2025
Ownership: Direct

SSTK transaction

Common Stock

Tax liability

Transaction value: $2,760,534
Shares: -137,340
Change %: -34%
Price: $20.10
Shares after: 269,455
Date: 01 Jul 2025
Ownership: Direct

SSTK transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +87,597
Change %: +33%
Price: $0.000000
Shares after: 357,052
Date: 01 Jul 2025
Ownership: Direct

SSTK transaction

Common Stock

Tax liability

Transaction value: $898,852
Shares: -44,719
Change %: -13%
Price: $20.10
Shares after: 312,333
Date: 01 Jul 2025
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: -275,113
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 275,113
Exercise price
Footnotes: F1, F2

SSTK transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -87,597
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 87,597
Exercise price
Footnotes: F3, F4

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

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

Footnote 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.

Footnote F3

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

Footnote 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.