SSTK CFO converts RSUs; 1,465 shares at $25.03 for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shutterstock (SSTK) reported an insider transaction by its Chief Financial Officer. On 11/03/2025, the officer converted restricted stock units to common stock (Code M), acquiring 3,635 shares at $0. To cover taxes, 1,465 shares were disposed of at $25.03 (Code F). Following these transactions, direct ownership stands at 3,502 common shares.
Per the footnotes, each RSU equals one share. The RSU award was granted on November 1, 2024 and vests in three equal annual installments beginning November 1, 2025, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,635 shares exercised/converted
Mixed
3 txns
Insider
Powell Rikki
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 3,635 | $0.00 | -- |
| Exercise | Common Stock | 3,635 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,465 | $25.03 | $37K |
Holdings After Transaction:
Restricted Stock Unit — 7,271 shares (Direct);
Common Stock — 4,967 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. RSU award granted on November 1, 2024 that vests in three equal annual installments beginning November 1, 2025, subject to the Reporting Person's continued employment on such vesting date.
FAQ
What did Shutterstock (SSTK) disclose in this Form 4?
The CFO reported converting RSUs into 3,635 common shares at $0 (Code M) and disposing of 1,465 shares at $25.03 to cover taxes (Code F) on 11/03/2025.
What is the vesting schedule of the RSU award noted?
The RSU award granted on November 1, 2024 vests in three equal annual installments beginning November 1, 2025, subject to continued employment.
What do the Form 4 transaction codes mean here?
Code M indicates conversion of derivative securities (RSUs) into shares; Code F indicates tax withholding by share disposition.
Who is the reporting person and their role at Shutterstock?
The reporting person is the company’s Chief Financial Officer.
How many RSUs underlie the converted security and what remains?
The derivative line shows 3,635 RSUs converted; 7,271 derivative securities remain beneficially owned.