X0306 4 2016-03-01 0 0001549346 Shutterstock, Inc. SSTK 0001639223 Ulrich Catherine C/O SHUTTERSTOCK, INC. 350 FIFTH AVENUE, 21ST FLOOR NEW YORK NY 10118 0 1 0 0 Chief Product Officer Common Stock 2016-03-01 4 S 0 4176 34.61 D 33824 D The purpose of this sale was to cover tax obligations of the Reporting Person in connection with the vesting of certain equity awards. This transaction was executed in multiple trades at prices ranging from $34.59 to $34.64; the price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the Issuer, or a security holder of the Issuer. /s/ Laurie Harrison, Attorney-in-Fact 2016-03-02