Form 4: Shutterstock Director Thomas Evans Converts Restricted Stock Units into Common Shares

Shutterstock, Inc. Director Thomas R. Evans acquired 4,318 shares of common stock on June 6, 2025, through the vesting of Restricted Stock Units, increasing his direct beneficial ownership to 29,409 shares.

Summary

• Thomas R. Evans, a Director of Shutterstock, Inc. (SSTK), acquired 4,318 shares of common stock.
• This acquisition occurred on June 6, 2025, through the vesting 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, subject to Mr. Evans' continued service.
• Following this transaction, Mr. Evans directly beneficially owns 29,409 shares of Shutterstock common stock.
• The transaction price for the acquired shares was $0, which is typical for RSU conversions upon vesting.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it reflects a director increasing their direct ownership in the company through a routine RSU vesting, aligning interests with shareholders. However, it's a standard compensation event rather than a new investment.

Positives

• The vesting and conversion of Restricted Stock Units into common stock increases the director's direct ownership, aligning his interests more closely with those of shareholders.
• The director's total beneficial ownership of 29,409 shares of Shutterstock common stock indicates a significant stake in the company.

Negatives

• No specific negative aspects are indicated by this routine insider transaction.

Risks

• No new risks are disclosed in this Form 4 filing, which primarily reports a change in beneficial ownership.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance, as it is a report of a completed insider transaction.

Industry Context

This Form 4 filing reports a standard insider transaction (RSU vesting) and does not provide specific industry context or trends.

Comparison to Industry Standards

• This document, a Form 4, reports a routine insider transaction and does not provide data for comparison to industry standards or specific comparable companies/projects.

Related Party Transactions

• The reported transaction is a routine equity compensation event involving a director and the company, which is a common form of related party transaction in corporate governance.

Stakeholder Impact

• Shareholders: The transaction increases the director's direct ownership, potentially enhancing alignment of interests between management and shareholders.

Next Steps

• No specific future actions or milestones are mentioned in this Form 4 filing beyond the reported transaction.

Key Dates

Keywords

Shutterstock, SSTK, Director, Insider Transaction, Form 4, Restricted Stock Units, RSU, Common Stock, Beneficial Ownership