Form 4 for SSTK Shutterstock, Inc.
Accepted 2023-03-03 00:00:00 ET · period of report 2023-03-01 · accession 0001415889-23-004112 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-03-03 | 2023-03-01+ | SSTK | Oringer Jonathan | EXECUTIVE COB, Dir, 10% | S - Sale+OE | $75.15 | -6,800 | 11.55M | -0.1% | -$511.0K |
| D | 2023-03-03 | 2023-03-02 | SSTK | Oringer Jonathan | EXECUTIVE COB, Dir, 10% | M - OptEx | $0.00 | +47.8K | 11.57M | +0.4% | $0 |
| D | 2023-03-03 | 2023-03-02 | SSTK | Oringer Jonathan | EXECUTIVE COB, Dir, 10% | F - Tax | $74.41 | -19.4K | 11.55M | -0.2% | -$1.44M |
| D | 2023-03-03 | 2023-03-02 | SSTK | Oringer Jonathan | EXECUTIVE COB, Dir, 10% | M - OptEx | $0.00 | -47.8K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-03-01 | S | D | 4,600 | $75.17 | 11,523,010 | D | — | — | (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 75.54 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. |
| 2 | Common | Common Stock | 2023-03-02 | M | A | 47,785 | $0.00 | 11,570,795 | D | — | — | |
| 3 | Common | Common Stock | 2023-03-02 | F | D | 19,388 | $74.41 | 11,551,407 | D | — | — | |
| 4 | Common | Common Stock | 2023-03-02 | S | D | 2,200 | $75.10 | 11,549,207 | D | — | — | (F3) 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 75.30 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. |
| 5 | Derivative | Performance-based Restricted Stock Unit | 2023-03-02 | M | D | 47,785 | $0.00 | 0 | D | — · 2023-03-01 to — | 47,785 Common Stock | (F4) Each Performance-based RSU ("PSU") represents a contingent right to receive one share of the Issuer's common stock. (F5) PSU award, granted on April 1, 2020 (the "2020 Award") 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, the 2020 Award vested on March 1, 2021, March 1, 2022 and March 1, 2023 at 33%, 33% and 34% of the aggregate target, respectively, subject to adjustment pursuant to the award agreement. |