Paul J. Hennessy - 03 Jul 2023 Form 4 Insider Report for Shutterstock, Inc. (SSTK)

Role: CHIEF EXECUTIVE OFFICER, Director
Signature: /s/ John Lapham, Attorney-in-Fact
Issuer symbol: SSTK
Transactions as of: 03 Jul 2023
Transactions value $: -$2,113,592
Form type: 4
Filing time: 05 Jul 2023, 16:20:11
Previous filing: 06 Jul 2022
Next filing: 28 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SSTK	Common Stock	Options Exercise	$0	+87.6K	+281.35%	$0.00	119K	03 Jul 2023	Direct
transaction	SSTK	Common Stock	Tax liability	-$2.11M	-43.4K	-36.58%	$48.67	75.3K	03 Jul 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SSTK	Restricted Stock Unit	Options Exercise	$0	-87.6K	-33.33%	$0.00	175K	03 Jul 2023	Common Stock	87.6K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F2	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.