Form 4: Shutterstock Director Converts Restricted Stock Units to Common Shares

Shutterstock Director Deirdre Mary Bigley converted 4,318 Restricted Stock Units into common stock on June 6, 2025, increasing her direct beneficial ownership to 18,882 shares.

Summary

• Deirdre Mary Bigley, a Director of Shutterstock, Inc. (SSTK), reported a transaction on June 6, 2025.
• The transaction involved the conversion of 4,318 Restricted Stock Units (RSUs) into an equal number of common shares.
• The acquisition price for these shares was $0, indicating a vesting and conversion event rather than a cash purchase.
• Following this transaction, Ms. Bigley directly beneficially owns 18,882 shares of Shutterstock Common Stock.
• The RSUs converted were part of an award granted on June 6, 2024, which vested in full on the earlier of June 6, 2025, or the date immediately preceding the 2025 Annual Meeting of Shareholders, contingent on her continued service.

Sentiment

Score: 6

Explanation: The transaction reflects the routine vesting of previously granted equity compensation for a director, which results in an increase in their direct beneficial ownership, aligning their interests with shareholders.

Positives

• Director Deirdre Mary Bigley increased her direct beneficial ownership of Shutterstock common stock by 4,318 shares, bringing her total direct holdings to 18,882 shares, which aligns her interests with shareholders.

Future Outlook

The Restricted Stock Unit (RSU) award granted on June 6, 2024, vested in full on the earlier of June 6, 2025, or the date immediately preceding the 2025 Annual Meeting of Shareholders, subject to the Reporting Person's continued service.

Industry Context

This filing is a standard disclosure of an insider equity transaction, common across all publicly traded companies, and does not provide specific insights into broader industry trends for the content and creative asset market.

Related Party Transactions

• The transaction involves the vesting and conversion of Restricted Stock Units (RSUs) granted to a director as part of their compensation, which is a common form of related-party equity compensation.

Stakeholder Impact

• Shareholders: The increase in direct stock ownership by a director through RSU vesting aligns the director's financial interests more closely with those of the shareholders.

Key Dates

Recommendation

Keywords

Shutterstock, SSTK, Form 4, Insider Transaction, Director Stock Ownership, Restricted Stock Units, RSU Conversion, Equity Compensation