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

Role: EXECUTIVE CHAIRMAN, Director, 10%+ Owner
Signature: /s/ John Lapham, Attorney-in-Fact
Issuer symbol: SSTK
Transactions as of: 01 Apr 2025
Net transactions value: -$434,942
Form type: 4
Filing time: 03 Apr 2025, 16:20:16 UTC
Previous filing: 05 Apr 2024
SEC: View on sec.gov

This filing has been restated, see here for the amended filing

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SSTK	Common Stock	Options Exercise	$0	+15,087	+0.14%	$0.000000	10,792,046	02 Apr 2025	Direct
transaction	SSTK	Common Stock	Tax liability	$78,213	-4,205	-0.04%	$18.60	10,787,841	02 Apr 2025	Direct
transaction	SSTK	Common Stock	Options Exercise	$0	+18,900	+0.18%	$0.000000	10,806,741	02 Apr 2025	Direct
transaction	SSTK	Common Stock	Tax liability	$86,230	-4,636	-0.04%	$18.60	10,802,105	02 Apr 2025	Direct
transaction	SSTK	Common Stock	Options Exercise	$0	+44,293	+0.41%	$0.000000	10,846,398	02 Apr 2025	Direct
transaction	SSTK	Common Stock	Tax liability	$270,500	-14,543	-0.13%	$18.60	10,831,855	02 Apr 2025	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	Award	$0	+87,011		$0.000000	87,011	01 Apr 2025	Common Stock	87,011		Direct	F1, F2
transaction	SSTK	Performance-based Restricted Stock Unit	Options Exercise	$0	-15,087	-100%	$0.000000	0	02 Apr 2025	Common Stock	15,087		Direct	F3, F4
transaction	SSTK	Performance-based Restricted Stock Unit	Options Exercise	$0	-18,900	-43%	$0.000000	25,201	02 Apr 2025	Common Stock	18,900		Direct	F3, F5
transaction	SSTK	Performance-based Restricted Stock Unit	Options Exercise	$0	-44,293	-38%	$0.000000	72,813	02 Apr 2025	Common Stock	44,293		Direct	F3, F6

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

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
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.
F3	Each Performance-based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
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.
F5	PSU award granted on April 1, 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.
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.