Shutterstock, Inc. — Director's Dealing 2021

Aug 11, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shutterstock, Inc. (SSTK)
CIK: 0001549346
Period of Report: 2021-08-06

Reporting Person: Oringer Jonathan (Director, Executive Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-06	Common Stock	S	13515	$102.40	Disposed	12910989	Direct
2021-08-06	Common Stock	S	7734	$103.43	Disposed	12903255	Direct
2021-08-06	Common Stock	S	400	$104.66	Disposed	12902855	Direct
2021-08-09	Common Stock	S	2000	$101.56	Disposed	12900855	Direct
2021-08-09	Common Stock	S	800	$102.64	Disposed	12900055	Direct
2021-08-09	Commons Stock	S	7290	$103.84	Disposed	12892765	Direct

Footnotes

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 $102.16 to $103.13 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 amount reflects an adjustment to exclude 21,207 shares incorrectly included in column 5 of the reports on Form 4 filed on August 4 and 6, 2021.

F4: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.16 to $103.92 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 $104.32 to $105.02 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 $101.24 to $102.00 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.

F7: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.36 to $102.97 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 $103.36 to $104.29 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.