SHUTTERSTOCK INC

Ticker: SSTK CUSIP: 825690100 Class: Common Stock

Kerrisdale Advisers, LLC's Holding History (CIK: 0001569688)

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

Q4 2025

Shares 10,765 Value ($000) $206 Avg Close $21.37 Range $17.92 - $29.50

Q3 2025

Shares 10,765 Value ($000) $224 Avg Close $20.38 Range $17.90 - $22.47

Q2 2025

Shares 10,765 Value ($000) $204 Avg Close $17.59 Range $14.35 - $20.05

Q1 2025

Shares 10,765 Value ($000) $201 Avg Close $25.62 Range $17.17 - $38.80

Q3 2023

Shares 9,793 Value ($000) $373 Avg Close $44.81 Range $36.20 - $58.42

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	10,765	$206	$21.37	$17.92 - $29.50
Q3 2025	10,765	$224	$20.38	$17.90 - $22.47
Q2 2025	10,765	$204	$17.59	$14.35 - $20.05
Q1 2025	10,765	$201	$25.62	$17.17 - $38.80
Q3 2023	9,793	$373	$44.81	$36.20 - $58.42