Form 4: Shutterstock CFO Rikki Powell Reports Stock Transactions and RSU Vesting

Shutterstock, Inc.'s Chief Financial Officer, Rikki Powell, reported the acquisition of 2,231 common shares from Restricted Stock Unit vesting and the disposition of 899 shares for tax purposes on July 1, 2025.

Summary

• Rikki Powell, Chief Financial Officer of Shutterstock, Inc. (SSTK), reported transactions on July 1, 2025.
• Acquired 2,231 shares of Common Stock through the vesting of Restricted Stock Units (RSUs) at a price of $0.
• Disposed of 899 shares of Common Stock at $20.1 per share, likely to cover tax liabilities related to the RSU vesting.
• Following these transactions, Rikki Powell directly owns 1,332 shares of Common Stock.
• Powell also holds 6,693 Restricted Stock Units (RSUs) after the reported transactions.
• The RSUs acquired on July 1, 2025, are part of an award granted on July 1, 2024, with a vesting schedule: 25% on July 1, 2025, 25% on July 1, 2026, and then 6.25% quarterly from October 1, 2026, through July 1, 2028, subject to continued employment.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The report indicates routine RSU vesting and tax-related sales, which are common for executive compensation. The continued holding of a significant number of RSUs is a positive sign of alignment.

Positives

• The acquisition of shares through RSU vesting indicates the fulfillment of compensation agreements, aligning management's interests with shareholders.
• The continued holding of a significant number of RSUs (6,693) suggests ongoing long-term incentive for the Chief Financial Officer.

Negatives

• The disposition of 899 shares, while likely for tax purposes, reduces the direct common stock ownership of the Chief Financial Officer.

Future Outlook

This document does not provide a future outlook for the company, only details of insider transactions and vesting schedules.

Industry Context

This Form 4 is a routine insider transaction report and does not provide broader industry context. It reflects standard executive compensation practices.

Stakeholder Impact

• Shareholders: The transactions reflect standard executive compensation practices, which can align management incentives with shareholder interests. The sale of shares for tax purposes is a common occurrence and does not necessarily indicate a lack of confidence.
• Employees: Not directly impacted by this specific filing, but it reflects the company's compensation structure for executives.

Next Steps

• Continued vesting of Rikki Powell's Restricted Stock Units according to the defined schedule until July 1, 2028.

Key Dates

Keywords

Shutterstock, SSTK, Rikki Powell, CFO, Form 4, SEC filing, insider trading, stock transactions, Restricted Stock Units, RSU vesting, beneficial ownership