Form 4: Shutterstock Executive Reports Stock Transactions

Jonathan Oringer, Shutterstock's Executive Chairman and a 10% owner, reported several transactions involving common stock and restricted stock units.

Summary

• Jonathan Oringer, Executive Chairman and a significant shareholder (10% owner) of Shutterstock, Inc. (SSTK), has filed a Form 4 detailing recent transactions.
• The transactions include the acquisition of common stock through the vesting of restricted stock units (RSUs) and performance-based RSUs (PSUs), as well as the disposition of common stock.
• Specifically, Oringer acquired 18,900 shares via RSU vesting and an additional 18,900 shares via PSU vesting on April 2, 2026, with a reported acquisition price of $0 for both.
• He also acquired 37,789 shares and 87,011 shares through PSU vesting on the same date, also at $0.
• Dispositions of common stock occurred on April 2, 2026, with 4,625 shares sold at $16.51, 11,123 shares sold at $16.51, and 34,239 shares sold at $16.51.
• Following these transactions, Oringer beneficially owns 10,850,755 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it reports routine insider transactions and does not provide new financial information or strategic outlook.

Positives

• Acquisition of 18,900 shares through RSU vesting at no cost.
• Acquisition of 18,900, 37,789, and 87,011 shares through PSU vesting at no cost, indicating potential performance achievements or continued employment.
• Direct beneficial ownership of over 10.8 million shares of common stock, demonstrating significant ongoing commitment.

Negatives

• Disposition of 4,625, 11,123, and 34,239 shares of common stock at $16.51 per share, indicating a reduction in direct holdings.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding future financial performance. It primarily details past transactions.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for significant company insiders and reflect personal investment decisions rather than company performance. The transactions reported here are typical for executives managing their equity compensation.

Stakeholder Impact

• Shareholders: The disposition of shares by a major insider may be observed, but without further context on the reasons for sale, its impact is uncertain. The continued large beneficial ownership suggests ongoing commitment.
• Employees: Vesting of RSUs and PSUs indicates continued equity-based compensation for management, aligning their interests with the company's performance.
• Management: The transactions reflect the management of executive compensation and personal investment strategies.

Key Dates

Keywords

Shutterstock, SSTK, Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, Performance-based Stock Units, Beneficial Ownership, Jonathan Oringer