X0306 4 2017-08-01 0 0001549346 Shutterstock, Inc. SSTK 0001658310 Nadler Lisa 350 FIFTH AVENUE 21ST FLOOR NEW YORK NY 10118 0 1 0 0 Chief Human Resources Officer Common Stock 2017-08-01 4 A 0 22691 0.00 A 22691 D Stock Option (Right to Buy) 41.70 2017-08-01 4 A 0 6000 0.00 A 2027-08-01 Common Stock 6000 6000 D Consists of a restricted stock unit award made pursuant to the Issuer's Amended and Restated 2012 Omnibus Equity Incentive Plan, and each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. This award vests in four equal annual installments beginning August 1, 2018, subject in each case to the Reporting Person's continued employment on such vesting date. Vested shares will be delivered to the Reporting Person as soon as practicable following each vesting date. The option vests and becomes exercisable in four equal annual installments beginning August 1, 2018, subject in each case to the Reporting Person's continued employment on such vesting date. /s/ Heidi Garfield, Attorney-in-Fact 2017-08-03