Evans Thomas R 4

What Happened

• Thomas R. Evans, a Shutterstock (SSTK) director, exercised derivative securities on June 10, 2026 to acquire 9,700 shares at a strike price of $13.70 per share, a cash outlay of $132,890. The same filing shows 9,700 derivative shares disposed at $0 (reported as a disposition of derivative securities) and a grant of 11,239 restricted stock units (RSUs) reported as acquired at $0. The exercise is an acquisition (purchase) of shares; the simultaneous $0 disposition typically reflects shares surrendered for tax withholding or to cover exercise costs rather than an open-market sale.

Key Details

• Transaction date: June 10, 2026.
• Exercise: 9,700 shares acquired at $13.70 each; total reported cost $132,890.
• Disposition: 9,700 derivative shares reported disposed at $0 (derivative), consistent with share surrender for withholding/settlement.
• Award: 11,239 RSUs granted at $0 (new award reported).
• Shares owned after transaction: not specified in the supplied filing data.
• Footnotes of note:
  • F1: Each RSU equals a contingent right to one common share.
  • F2: An RSU award granted 6/10/2025 vested in full on the earlier of 6/10/2026 or the date before the 2026 annual meeting, subject to continued service.
  • F3: The 6/10/2026 RSU award vests on the earlier of 6/10/2027 or the date before the 2027 annual meeting, subject to continued service.
• Filing/timeliness: Report filed 6/12/2026 for transactions on 6/10/2026 (appears within typical two-business-day reporting window).

Context

• For retail investors: exercising options is an acquisition event and can signal confidence, but when shares are immediately surrendered (reported as disposed at $0) that is usually an administrative step (tax withholding or to cover exercise costs) rather than a market sale. The 11,239 RSUs are a time‑vesting award and do not convert to shares until they vest per footnote conditions. This filing is factual and does not state insider intent.