Oringer Jonathan - 07 Apr 2022 Form 4 Insider Report for Shutterstock, Inc. (SSTK)

Signature
/s/ John Lapham, Attorney-in-Fact
Issuer symbol
SSTK
Transactions as of
07 Apr 2022
Net transactions value
-$3,142,413
Form type
4
Filing time
11 Apr 2022, 16:15:18 UTC
Previous filing
07 Apr 2022
Next filing
04 May 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSTK Common Stock Sale $775,496 -9,101 -0.08% $85.21 11,928,949 07 Apr 2022 Direct F1, F2
transaction SSTK Common Stock Sale $938,662 -10,902 -0.09% $86.10 11,918,047 07 Apr 2022 Direct F1, F3
transaction SSTK Common Stock Sale $191,043 -2,204 -0.02% $86.68 11,915,843 07 Apr 2022 Direct F1, F4
transaction SSTK Common Stock Sale $487,763 -5,756 -0.05% $84.74 11,910,087 08 Apr 2022 Direct F1, F5
transaction SSTK Common Stock Sale $749,448 -8,785 -0.07% $85.31 11,901,302 08 Apr 2022 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were sold pursuant to a duly adopted 10b5-1 trading plan entered into in accordance with the Issuer's insider trading policy. The plan provides for periodic sales of a total maximum of 1,560,000 shares over the period beginning on June 1, 2021 through May 31, 2022 and was entered into for investment diversification purposes.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.58 to $85.57 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.60 to $86.59 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.63 to $86.80 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.01 to $85.00 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.01 to $85.90 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.