[Form 4] SHUTTERSTOCK, INC. Insider Trading Activity

Rhea-AI Filing Summary

Redwire Corp (RDW) – Form 4 insider filing: Chief Accounting Officer Chris Edmunds reported an automatic share withholding transaction on 1 July 2025 related to the vesting of restricted stock units (Transaction Code F, tax liability settlement).

• Securities disposed: 1,298 common shares at the closing price of $15.31.
• Post-transaction ownership: Edmunds now holds 96,956 common shares directly.
• Nature of transaction: Withholding for taxes is generally considered non-discretionary and does not indicate a change in sentiment.

No derivative securities were involved, and no open-market purchases or sales were recorded. The size of the withholding represents a small fraction of the insider’s total ownership and is unlikely to be market-moving.

Insights

Securities Analyst

TL;DR: Routine tax-withholding; neutral impact.

Because the transaction is coded "F," it merely satisfies payroll tax obligations on vested RSUs. The insider retains roughly 97 k shares, so their economic exposure to RDW remains substantial. There is no signal of profit-taking or strategic divestiture. In my view the filing is immaterial for valuation or sentiment analysis and does not change the investment thesis on Redwire.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hennessy Paul J.

(Last) (First) (Middle)

C/O SHUTTERSTOCK, INC.

350 FIFTH AVENUE, 20TH FLOOR

(Street)

NEW YORK NY 10118

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Shutterstock, Inc. [ SSTK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF EXECUTIVE OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/01/2025		M		275,113	A	$0	406,795	D
Common Stock	07/01/2025		F		137,340	D	$20.1	269,455	D
Common Stock	07/01/2025		M		87,597	A	$0	357,052	D
Common Stock	07/01/2025		F		44,719	D	$20.1	312,333	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance-based Restricted Stock Units	(1)	07/01/2025		M			275,113	07/01/2025	(2)	Common Stock	275,113	$0	0	D
Restricted Stock Unit	(3)	07/01/2025		M			87,597	07/01/2025	(4)	Common Stock	87,597	$0	0	D

Explanation of Responses:

1. Each Performance-based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.

2. PSU award granted on July 1, 2022 that vests in three equal annual installments beginning July 1, 2023, contingent upon, and subject to adjustment based on, the achievement of certain adjusted EBITDA margin and revenue growth performance thresholds for each annual performance period. Subject to Compensation Committee confirmation of achievement of performance and subject to adjustment pursuant to the award agreement.

3. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.

4. RSU award granted on July 1, 2022 that vests in three equal annual installments beginning July 1, 2023, subject to the Reporting Person's continued employment on such vesting date.

	/s/ John Lapham, Attorney-in-Fact	07/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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FAQ

What did Redwire's Chief Accounting Officer report in the July 2025 Form 4?

Chris Edmunds disclosed the mandatory withholding of 1,298 RDW shares for tax purposes tied to RSU vesting.

Was the insider transaction an open-market sale of RDW stock?

No. The transaction was coded F, indicating shares were withheld by the company to cover taxes, not sold on the market.

How many Redwire shares does Chris Edmunds own after the transaction?

Following the withholding, Edmunds directly owns 96,956 RDW common shares.

At what price were the withheld RDW shares valued?

The shares were valued at the $15.31 closing price on July 1, 2025.

Does this Form 4 filing have a material impact on Redwire's stock outlook?

Given the routine nature and small size of the withholding, it is considered neutral for RDW’s outlook.