Oringer Jonathan - 31 Jan 2023 Form 4 Insider Report for Shutterstock, Inc. (SSTK)

Signature
/s/ John Lapham, Attorney-in-Fact
Issuer symbol
SSTK
Transactions as of
31 Jan 2023
Net transactions value
-$9,229,601
Form type
4
Filing time
02 Feb 2023, 15:20:14 UTC
Previous filing
06 May 2022
Next filing
06 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSTK Common Stock Sale $6,395,498 -84,990 -0.72% $75.25 11,686,312 31 Jan 2023 Direct F1, F2
transaction SSTK Common Stock Sale $202,338 -2,655 -0.02% $76.21 11,683,657 31 Jan 2023 Direct F1, F3
transaction SSTK Common Stock Sale $243,880 -3,144 -0.03% $77.57 11,680,513 31 Jan 2023 Direct F1, F4
transaction SSTK Common Stock Sale $226,898 -2,903 -0.02% $78.16 11,677,610 31 Jan 2023 Direct F1, F5
transaction SSTK Common Stock Sale $622,949 -8,274 -0.07% $75.29 11,669,336 01 Feb 2023 Direct F1, F6
transaction SSTK Common Stock Sale $1,045,616 -13,645 -0.12% $76.63 11,655,691 01 Feb 2023 Direct F1, F7
transaction SSTK Common Stock Sale $492,422 -6,381 -0.05% $77.17 11,649,310 01 Feb 2023 Direct F1, F8
* 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 1,800,000 shares over the period beginning on June 1, 2022 through May 31, 2023 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 $75.00 to $75.99 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 $76.00 to $76.83 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 $77.02 to $78.00 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.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.05 to $78.54 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 $75.00 to $75.81 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.
F7 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.08 to $77.07 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.
F8 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.08 to $77.47 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.