Shutterstock (SSTK) Prices 2.58M Common Stock Offering at $48.50/sh

Shutterstock, Inc. (NYSE: SSTK), a leading global technology company offering a creative platform for high-quality content, tools and services, today announced the pricing of its public offering of 2,580,000 shares of its common stock at a price to the public of $48.50 per share. Shutterstock is selling 516,000 shares of common stock in this offering, and Jon Oringer (Shutterstock's Founder, Executive Chairman of the Board and largest stockholder) is selling 2,064,000 shares of common stock in this offering. In addition, Mr. Oringer granted the underwriters a 30-day option to purchase up to an additional 387,000 shares of common stock. The offering is expected to close on August 14, 2020, subject to the satisfaction of customary closing conditions.

Shutterstock intends to use the proceeds that it receives from the offering for general corporate purposes. Shutterstock will not receive any of the proceeds from the sale of shares sold by Mr. Oringer.

BofA Securities and Morgan Stanley are acting as joint book running managers for this offering. Needham & Company and Stifel are acting as lead managers, and Truist Securities and JMP Securities are acting as co-managers.

A shelf registration statement (including a prospectus) relating to these securities was filed on August 10, 2020 with the Securities and Exchange Commission (the "SEC") and became effective upon filing. Before you invest, you should read the prospectus in that registration statement and the documents incorporated by reference in that registration statement, as well as the prospectus supplement related to this offering. Copies of these documents are available at no charge on the SEC's website at www.sec.gov. Alternatively, copies of the final prospectus supplement may be obtained, when available, from: BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, or e-mail [email protected], or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014.

The offering of these securities is being made only by means of a prospectus supplement and an accompanying prospectus. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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