Exhibit 10.1
Agreed Form
SHUTTERSTOCK, INC.
October 28, 2026
Jon Oringer
via email delivery
Re: Employment Agreement Acknowledgement
Dear Jon:
Reference is made to your Employment Agreement, dated September 24, 2012, between you and Shutterstock, Inc., as successor to Shutterstock Images LLC (collectively, including all direct and indirect subsidiaries and affiliated entities, the “Company”) (as amended from time to time, the “Employment Agreement”). Capitalized terms used but not otherwise defined herein shall have the meaning ascribed to such term in the Employment Agreement.
Effective October 28, 2026 (the “Effective Date”), your position with the Company will be changed to Chief Executive Officer and Chairman of the Board. You shall continue to report to the Board and you will perform duties and have the responsibilities and authority customarily performed and held by an employee in your position or as otherwise may be assigned or delegate by the Board.
In consideration of your new position, as of the Effective Date, your Base Salary will be increased from $1.00 to $1,000,000, less all required tax withholdings and other applicable deductions. You will not be eligible to considered for an annual cash incentive bonus for the remainder of 2026 and FY 2027. Following FY 2027, the Board or Committee, as applicable, may in its sole discretion, determine that you will be eligible to receive an annual cash incentive bonus thereafter, in an amount and subject to the terms and conditions (including, but not limited to, the establishment of objective or subjective criteria) determined solely in the discretion of the Board or the Committee.
You further acknowledge and agree the change in title and any additional Chief Executive Officer duties, authority or responsibilities placed on you, as well as the removal of any duties, authority or responsibilities from your position as Executive Chairman, shall not constitute or give rise to a termination without Cause or, following a Change in Control (as defined in the CIC Severance Agreement), a resignation for Good Reason under the Severance and Change in Control Agreement, effective as of September 24, 2012, by and between you and the Shutterstock, Inc., as successor to Shutterstock Images LLC (the “CIC Severance Agreement”).
Except as expressly modified by this letter, all terms and provisions of your Employment Agreement and the CIC Severance Agreement shall continue unchanged and in full force and effect.
Please sign and date this letter below and return the signed and dated letter to me to acknowledge your agreement to this letter.
| Sincerely, | \ |
| \ | \ |
| Shutterstock, Inc. | \ |
| \ | \ |
| Name: Colleen M. Kearney | \ |
| Title: General Counsel | \ |
| \ | \ |
| ACKNOWLEDGED & AGREED: | \ |
| /s/ Jon Oringer | \ |
| Jon Oringer | \ |
| \ | \ | |
| Date: | October 28, 2026 | \ |