SPS Commerce insider files to sell 1,000 shares

SPS Commerce insider Martha Reaume has filed to sell 1,000 shares of common stock under Rule 144.

Rhea-AI Filing Summary

SPS Commerce insider Martha Reaume has filed to sell 1,000 shares of common stock under Rule 144. The shares are to be sold through Morgan Stanley Smith Barney, with an aggregate market value of 79,530.00, on or about February 9, 2026 on the NASDAQ.

The 1,000 shares were acquired the same day through a cash exercise of stock options. As context, 37,709,094 common shares were outstanding, and during the prior three months a 10b5-1 plan for Martha Reaume sold 1,732 common shares for gross proceeds of 159,794.15.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the SPS Commerce (SPSC) Form 144 filing show?

The Form 144 shows Martha Reaume plans to sell 1,000 SPS Commerce common shares. The planned sale uses Morgan Stanley Smith Barney as broker and has an aggregate market value of 79,530.00, with trading expected on NASDAQ around February 9, 2026.

How were the SPS Commerce (SPSC) shares in this Form 144 acquired?

The 1,000 SPS Commerce shares were acquired via stock option exercise. The filing states they were obtained on February 9, 2026 through an exercise of stock options from the issuer, paid in cash on the same date for the full 1,000-share amount.

How many SPS Commerce (SPSC) shares are being sold and what is their value?

The filing covers 1,000 SPS Commerce common shares to be sold. These shares have an aggregate market value of 79,530.00 based on the price information used in the Form 144, and are listed for sale on the NASDAQ exchange through the named broker.

What does the Form 144 say about recent SPS Commerce (SPSC) share sales?

The document reports that a 10b5-1 plan for Martha Reaume sold 1,732 common shares on January 7, 2026. Those sales generated gross proceeds of 159,794.15 and are disclosed as securities sold during the past three months.

How many SPS Commerce (SPSC) shares are outstanding in this Form 144?

The Form 144 notes that 37,709,094 SPS Commerce common shares were outstanding. This figure provides context for the size of the planned 1,000-share sale relative to the company’s total common stock, as reported in the securities information section.

Which broker is handling the SPS Commerce (SPSC) Form 144 sale?

The planned sale of SPS Commerce shares will be handled by Morgan Stanley Smith Barney LLC. The filing lists its Executive Financial Services group at 1 New York Plaza, New York, as the broker for the 1,000-share NASDAQ transaction described in the Form 144.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/09/2026 - 04:31 PM EST Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001735354
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	SPS COMMERCE INC
SEC File Number	001-34702
Address of Issuer	333 South 7th Street, Suite 1000 Minneapolis MINNESOTA 55402
Phone	6124359400
Name of Person for Whose Account the Securities are To Be Sold	MARTHA REAUME
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
COMMON	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	1000	79530.00	37709094	02/09/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/09/2026	Exercise of Stock Options	Issuer			1000	02/09/2026	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for MARTHA REAUME 333 South 7th Street, Suite 1000 Minneapolis MN 55402	COMMON	01/07/2026	1732	159794.15

144: Remarks and Signature

Remarks
Date of Notice	02/09/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	09/10/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Martha Reamue
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)