X0306 4 2015-08-27 0 0001549346 Shutterstock, Inc. SSTK 0001559639 Oringer Jonathan C/O SHUTTERSTOCK, INC. 350 FIFTH AVENUE, 21ST FLOOR NEW YORK NY 10118 1 1 1 0 Chief Executive Officer Common Stock 2015-08-27 4 P 0 100000 32.56 A 16156327 D This transaction was executed in multiple trades at prices ranging from $32.24 to $33.00 per share. The price reported above reflects the weighted average purchase price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Timothy E. Bixby, Attorney-in-Fact 2015-08-27