SHUTTERSTOCK INC

Ticker: SSTK CUSIP: 825690100 Class: Common Stock

ALPINE ASSOCIATES MANAGEMENT INC.'s Holding History (CIK: 0001396835)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 1,154,955 Value ($000) $22,060 Avg Close $21.37 Range $17.92 - $29.50

Q3 2025

Shares 902,461 Value ($000) $18,816 Avg Close $20.38 Range $17.90 - $22.47

Q2 2025

Shares 731,086 Value ($000) $13,861 Avg Close $17.59 Range $14.35 - $20.05

Q1 2025

Shares 599,955 Value ($000) $11,177 Avg Close $25.62 Range $17.17 - $38.80

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,154,955	$22,060	$21.37	$17.92 - $29.50
Q3 2025	902,461	$18,816	$20.38	$17.90 - $22.47
Q2 2025	731,086	$13,861	$17.59	$14.35 - $20.05
Q1 2025	599,955	$11,177	$25.62	$17.17 - $38.80