Content Marketing

Creative Content Platform Announces Proposed Public Offering

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Shutterstock, Inc. (NYSE: SSTK), a leading global technology company offering a creative platform for high-quality content, tools and services, today announced that it has commenced a public offering of $250,000,000 of shares of its common stock, of which $200,000,000 of shares will be sold by Jon Oringer (Shutterstock’s founder, Executive Chairman of the Board and largest stockholder) and $50,000,000 of shares will be sold by Shutterstock.  In addition, Mr. Oringer intends to grant the underwriters a 30-day option to purchase up to an additional $37,500,000 of shares of common stock.

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 will act as joint book running managers for this offering. Needham & Company and Stifel will be acting as lead managers, and Truist Securities and JMP Securities will be 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 prospectus supplement and the accompanying prospectus 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 dg.prospectus_requests@bofa.com, 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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