Form 4: Shutterstock Director Rachna Bhasin Converts Restricted Stock Units into Common Stock

Shutterstock, Inc. Director Rachna Bhasin has acquired 4,318 shares of common stock through the vesting and conversion of Restricted Stock Units, increasing her direct beneficial ownership to 22,721 shares.

Summary

• Rachna Bhasin, a Director of Shutterstock, Inc. (SSTK), acquired 4,318 shares of common stock.
• The acquisition occurred on June 6, 2025, through the conversion of Restricted Stock Units (RSUs).
• The RSUs were granted on June 6, 2024, and vested in full on June 6, 2025, or the date immediately preceding the 2025 Annual Meeting of Shareholders, contingent on continued service.
• Following this transaction, Ms. Bhasin directly beneficially owns 22,721 shares of Shutterstock common stock.
• The transaction price for the acquired shares was $0, indicating a conversion rather than a purchase.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine insider transaction (vesting of RSUs) and does not indicate any significant positive or negative operational or financial news for the company.

Positives

• The transaction reflects the vesting of previously granted equity compensation, indicating a routine process for director remuneration.
• The increase in direct beneficial ownership by a director aligns their interests with those of shareholders.

Future Outlook

The document does not provide forward-looking statements or guidance beyond the vesting conditions of the RSUs, which were tied to continued service.

Industry Context

This Form 4 filing is a standard disclosure for insider transactions, specifically the vesting of equity compensation for a director. It does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• The conversion of Restricted Stock Units into common stock is a form of equity compensation granted by Shutterstock, Inc. to its director, Rachna Bhasin, which is a common practice for executive and director remuneration.

Stakeholder Impact

• Shareholders: The transaction increases the direct equity stake of a director, potentially aligning management interests with shareholder value. However, it also represents a dilution if the shares are newly issued, though this is typically accounted for in compensation plans.

Key Dates

Keywords

Shutterstock, SSTK, Form 4, Insider Transaction, Director, Stock Vesting, Restricted Stock Units, Equity Compensation, Beneficial Ownership