SPS Commerce insider plans Form 144 share sale

An insider of SPS Commerce has filed a Form 144 indicating an intention to sell 1,732 shares of common stock through Morgan Stanley Smith Barney LLC on or around 01/07/2026 on the NASDAQ market.

Rhea-AI Filing Summary

An insider of SPS Commerce has filed a Form 144 indicating an intention to sell 1,732 shares of common stock through Morgan Stanley Smith Barney LLC on or around 01/07/2026 on the NASDAQ market. The filing lists an aggregate market value of $158,426.04 for the planned sale and notes that there were 37,709,094 shares of the issuer’s common stock outstanding.

The shares to be sold were acquired on 01/07/2026 via an exercise of stock options from the issuer, with the purchase price paid in cash. The form also includes a standard representation that the selling person does not know of any material adverse, nonpublic information about the issuer’s current or future operations.

FAQ

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

What does this Form 144 filing for SPSC disclose?

The Form 144 discloses that an insider of SPS Commerce plans to sell 1,732 shares of the company’s common stock on or around 01/07/2026 through a broker on NASDAQ.

How many SPSC shares are being sold and what is their market value?

The planned sale covers 1,732 shares of SPS Commerce common stock with an aggregate market value of $158,426.04, as stated in the filing.

How were the SPSC shares in this Form 144 acquired?

The shares were acquired on 01/07/2026 through an exercise of stock options from the issuer, and the filing reports the nature of payment as cash.

Which broker is handling the planned SPSC share sale?

The Form 144 lists Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004, as the broker for the transaction.

How many SPS Commerce shares are outstanding according to the filing?

The Form 144 states that there are 37,709,094 shares of SPS Commerce common stock outstanding.

Does the Form 144 include any representation about material nonpublic information?

Yes. By signing the notice, the selling person represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.

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

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Accepted by SEC EDGAR 01/07/2026 - 04:24 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	1732	158426.04	37709094	01/07/2026	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	01/07/2026	Exercise of Stock Options	Issuer			1732	01/07/2026	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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	01/07/2026
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)