STOCK TITAN

[Form 4/A] SPS Commerce, Inc. Amended Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4/A
Rhea-AI Filing Summary

SPS Commerce, Inc. (SPSC) – Form 4/A (Amendment)

Executive Vice President & Chief Technology Officer Jamie Thingelstad reported a grant of 9,233 restricted stock units (RSUs) on 18 Feb 2025. The RSUs carry an acquisition cost of $0 and vest 25 % annually on each anniversary of the grant date. Following the award, the executive's direct ownership stands at 36,926 common shares, with an additional 407.052 shares held indirectly through the company’s 401(k) plan.

This filing is an amendment to the Form 4/A submitted on 28 Feb 2025. The issuer states that the prior filing erroneously reflected awards granted to a different reporting person; today’s amendment corrects those share amounts and the related ownership totals.

No derivative securities were acquired or disposed of, and there is no cash transaction involved. The update is administrative in nature and does not reflect open-market buying or selling activity. Accordingly, the disclosure mainly clarifies insider equity compensation and has limited immediate market impact.

SPS Commerce, Inc. (SPSC) – Modifica al Modulo 4/A

Il Vice Presidente Esecutivo e Chief Technology Officer Jamie Thingelstad ha comunicato una concessione di 9.233 unità azionarie vincolate (RSU) in data 18 febbraio 2025. Le RSU hanno un costo di acquisizione di $0 e maturano il 25 % ogni anno in corrispondenza dell'anniversario della data di concessione. Dopo l'assegnazione, la proprietà diretta dell'esecutivo ammonta a 36.926 azioni ordinarie, con ulteriori 407,052 azioni detenute indirettamente tramite il piano 401(k) dell'azienda.

Questa comunicazione è una modifica al Modulo 4/A presentato il 28 febbraio 2025. L'emittente dichiara che la precedente comunicazione riportava erroneamente premi assegnati a un'altra persona soggetta a segnalazione; l'emendamento odierno corregge tali quantità di azioni e i relativi totali di proprietà.

Non sono stati acquisiti né ceduti titoli derivati, e non è stata effettuata alcuna transazione in contanti. L'aggiornamento è di natura amministrativa e non riflette attività di acquisto o vendita sul mercato aperto. Di conseguenza, la comunicazione chiarisce principalmente la compensazione azionaria interna e ha un impatto limitato e immediato sul mercato.

SPS Commerce, Inc. (SPSC) – Enmienda al Formulario 4/A

El Vicepresidente Ejecutivo y Director de Tecnología Jamie Thingelstad informó una concesión de 9,233 unidades restringidas de acciones (RSU) el 18 de febrero de 2025. Las RSU tienen un costo de adquisición de $0 y se consolidan en un 25 % anualmente en cada aniversario de la fecha de concesión. Tras la adjudicación, la propiedad directa del ejecutivo asciende a 36,926 acciones comunes, con un adicional de 407.052 acciones mantenidas indirectamente a través del plan 401(k) de la empresa.

Esta presentación es una enmienda al Formulario 4/A presentado el 28 de febrero de 2025. El emisor indica que la presentación anterior reflejaba erróneamente premios otorgados a otra persona informante; la enmienda actual corrige esas cantidades de acciones y los totales de propiedad relacionados.

No se adquirieron ni dispusieron valores derivados, y no hubo transacción en efectivo involucrada. La actualización es de naturaleza administrativa y no refleja actividad de compra o venta en el mercado abierto. Por lo tanto, la divulgación aclara principalmente la compensación accionaria interna y tiene un impacto inmediato limitado en el mercado.

SPS Commerce, Inc. (SPSC) – Form 4/A (수정본)

전무 겸 최고기술책임자 Jamie Thingelstad가 2025년 2월 18일 9,233개의 제한 주식 단위(RSU) 부여를 보고했습니다. RSU의 취득 비용은 $0이며, 부여일 매년 기념일마다 25%씩 권리가 취득됩니다. 이번 수여 후 임원의 직접 보유 주식은 36,926 보통주이며, 회사의 401(k) 플랜을 통해 간접적으로 407.052주를 추가로 보유하고 있습니다.

이 제출 서류는 2025년 2월 28일 제출된 Form 4/A의 수정본입니다. 발행인은 이전 제출서가 다른 보고자에게 부여된 보상을 잘못 반영했다고 밝혔으며, 이번 수정본은 해당 주식 수량과 관련 소유권 합계를 바로잡습니다.

파생 증권은 취득하거나 처분하지 않았으며, 현금 거래도 없었습니다. 이번 업데이트는 행정적 성격이며, 공개 시장에서의 매매 활동을 반영하지 않습니다. 따라서 이번 공시는 내부자 주식 보상 내역을 명확히 하는 것이며, 즉각적인 시장 영향은 제한적입니다.

SPS Commerce, Inc. (SPSC) – Formulaire 4/A (Amendement)

Le Vice-Président Exécutif et Directeur Technique Jamie Thingelstad a déclaré une attribution de 9 233 unités d’actions restreintes (RSU) le 18 février 2025. Les RSU ont un coût d’acquisition de 0 $ et acquièrent 25 % chaque année à chaque anniversaire de la date d’attribution. Après cette attribution, la détention directe de l’exécutif s’élève à 36 926 actions ordinaires, avec un supplément de 407,052 actions détenues indirectement via le plan 401(k) de la société.

Ce dépôt constitue un amendement au formulaire 4/A soumis le 28 février 2025. L’émetteur indique que la déclaration précédente reflétait par erreur des attributions faites à une autre personne déclarant ; l’amendement d’aujourd’hui corrige ces quantités d’actions et les totaux de détention associés.

Aucun titre dérivé n’a été acquis ni cédé, et aucune transaction en espèces n’est impliquée. Cette mise à jour est de nature administrative et ne reflète pas d’activité d’achat ou de vente sur le marché ouvert. Par conséquent, cette divulgation clarifie principalement la rémunération en actions des initiés et a un impact immédiat limité sur le marché.

SPS Commerce, Inc. (SPSC) – Formular 4/A (Änderung)

Der Executive Vice President und Chief Technology Officer Jamie Thingelstad meldete am 18. Februar 2025 eine Gewährung von 9.233 Restricted Stock Units (RSUs). Die RSUs haben Anschaffungskosten von $0 und werden jährlich zu 25 % am Jahrestag des Gewährungsdatums unverfallbar. Nach der Zuteilung hält der Manager direkt 36.926 Stammaktien und zusätzlich 407,052 Aktien indirekt über den 401(k)-Plan des Unternehmens.

Diese Meldung ist eine Änderung des am 28. Februar 2025 eingereichten Formulars 4/A. Der Emittent gibt an, dass die vorherige Meldung fälschlicherweise Zuteilungen an eine andere meldepflichtige Person enthielt; die heutige Änderung korrigiert diese Aktienzahlen und die damit verbundenen Eigentumswerte.

Es wurden keine derivativen Wertpapiere erworben oder veräußert, und es fand keine Barkapitaltransaktion statt. Das Update ist administrativer Natur und spiegelt keine Aktivitäten zum Kauf oder Verkauf am offenen Markt wider. Dementsprechend klärt die Offenlegung hauptsächlich die Insider-Aktienvergütung und hat nur begrenzte unmittelbare Marktauswirkungen.

Positive
  • 9,233 RSU grant reinforces long-term incentive alignment between CTO and shareholders.
  • Ownership disclosure provides updated total of 36,926 direct shares, improving transparency.
Negative
  • Prior reporting error required amendment, highlighting procedural oversight in insider filings.

Insights

TL;DR: Corrected Form 4 shows CTO received 9,233 RSUs; no cash trade, modest alignment, neutral market effect.

The amendment clarifies that Jamie Thingelstad—not another insider—received 9,233 RSUs on 18 Feb 2025, raising his direct stake to 36,926 shares. Because RSUs vest over four years and carry no purchase price, they represent standard long-term incentive compensation rather than a signal of near-term valuation view. The filing does not involve open-market purchase or sale, so liquidity conditions and price discovery are unchanged. Administrative corrections like this tend to be neutral for valuation but useful for governance tracking, ensuring accuracy of insider ownership data.

SPS Commerce, Inc. (SPSC) – Modifica al Modulo 4/A

Il Vice Presidente Esecutivo e Chief Technology Officer Jamie Thingelstad ha comunicato una concessione di 9.233 unità azionarie vincolate (RSU) in data 18 febbraio 2025. Le RSU hanno un costo di acquisizione di $0 e maturano il 25 % ogni anno in corrispondenza dell'anniversario della data di concessione. Dopo l'assegnazione, la proprietà diretta dell'esecutivo ammonta a 36.926 azioni ordinarie, con ulteriori 407,052 azioni detenute indirettamente tramite il piano 401(k) dell'azienda.

Questa comunicazione è una modifica al Modulo 4/A presentato il 28 febbraio 2025. L'emittente dichiara che la precedente comunicazione riportava erroneamente premi assegnati a un'altra persona soggetta a segnalazione; l'emendamento odierno corregge tali quantità di azioni e i relativi totali di proprietà.

Non sono stati acquisiti né ceduti titoli derivati, e non è stata effettuata alcuna transazione in contanti. L'aggiornamento è di natura amministrativa e non riflette attività di acquisto o vendita sul mercato aperto. Di conseguenza, la comunicazione chiarisce principalmente la compensazione azionaria interna e ha un impatto limitato e immediato sul mercato.

SPS Commerce, Inc. (SPSC) – Enmienda al Formulario 4/A

El Vicepresidente Ejecutivo y Director de Tecnología Jamie Thingelstad informó una concesión de 9,233 unidades restringidas de acciones (RSU) el 18 de febrero de 2025. Las RSU tienen un costo de adquisición de $0 y se consolidan en un 25 % anualmente en cada aniversario de la fecha de concesión. Tras la adjudicación, la propiedad directa del ejecutivo asciende a 36,926 acciones comunes, con un adicional de 407.052 acciones mantenidas indirectamente a través del plan 401(k) de la empresa.

Esta presentación es una enmienda al Formulario 4/A presentado el 28 de febrero de 2025. El emisor indica que la presentación anterior reflejaba erróneamente premios otorgados a otra persona informante; la enmienda actual corrige esas cantidades de acciones y los totales de propiedad relacionados.

No se adquirieron ni dispusieron valores derivados, y no hubo transacción en efectivo involucrada. La actualización es de naturaleza administrativa y no refleja actividad de compra o venta en el mercado abierto. Por lo tanto, la divulgación aclara principalmente la compensación accionaria interna y tiene un impacto inmediato limitado en el mercado.

SPS Commerce, Inc. (SPSC) – Form 4/A (수정본)

전무 겸 최고기술책임자 Jamie Thingelstad가 2025년 2월 18일 9,233개의 제한 주식 단위(RSU) 부여를 보고했습니다. RSU의 취득 비용은 $0이며, 부여일 매년 기념일마다 25%씩 권리가 취득됩니다. 이번 수여 후 임원의 직접 보유 주식은 36,926 보통주이며, 회사의 401(k) 플랜을 통해 간접적으로 407.052주를 추가로 보유하고 있습니다.

이 제출 서류는 2025년 2월 28일 제출된 Form 4/A의 수정본입니다. 발행인은 이전 제출서가 다른 보고자에게 부여된 보상을 잘못 반영했다고 밝혔으며, 이번 수정본은 해당 주식 수량과 관련 소유권 합계를 바로잡습니다.

파생 증권은 취득하거나 처분하지 않았으며, 현금 거래도 없었습니다. 이번 업데이트는 행정적 성격이며, 공개 시장에서의 매매 활동을 반영하지 않습니다. 따라서 이번 공시는 내부자 주식 보상 내역을 명확히 하는 것이며, 즉각적인 시장 영향은 제한적입니다.

SPS Commerce, Inc. (SPSC) – Formulaire 4/A (Amendement)

Le Vice-Président Exécutif et Directeur Technique Jamie Thingelstad a déclaré une attribution de 9 233 unités d’actions restreintes (RSU) le 18 février 2025. Les RSU ont un coût d’acquisition de 0 $ et acquièrent 25 % chaque année à chaque anniversaire de la date d’attribution. Après cette attribution, la détention directe de l’exécutif s’élève à 36 926 actions ordinaires, avec un supplément de 407,052 actions détenues indirectement via le plan 401(k) de la société.

Ce dépôt constitue un amendement au formulaire 4/A soumis le 28 février 2025. L’émetteur indique que la déclaration précédente reflétait par erreur des attributions faites à une autre personne déclarant ; l’amendement d’aujourd’hui corrige ces quantités d’actions et les totaux de détention associés.

Aucun titre dérivé n’a été acquis ni cédé, et aucune transaction en espèces n’est impliquée. Cette mise à jour est de nature administrative et ne reflète pas d’activité d’achat ou de vente sur le marché ouvert. Par conséquent, cette divulgation clarifie principalement la rémunération en actions des initiés et a un impact immédiat limité sur le marché.

SPS Commerce, Inc. (SPSC) – Formular 4/A (Änderung)

Der Executive Vice President und Chief Technology Officer Jamie Thingelstad meldete am 18. Februar 2025 eine Gewährung von 9.233 Restricted Stock Units (RSUs). Die RSUs haben Anschaffungskosten von $0 und werden jährlich zu 25 % am Jahrestag des Gewährungsdatums unverfallbar. Nach der Zuteilung hält der Manager direkt 36.926 Stammaktien und zusätzlich 407,052 Aktien indirekt über den 401(k)-Plan des Unternehmens.

Diese Meldung ist eine Änderung des am 28. Februar 2025 eingereichten Formulars 4/A. Der Emittent gibt an, dass die vorherige Meldung fälschlicherweise Zuteilungen an eine andere meldepflichtige Person enthielt; die heutige Änderung korrigiert diese Aktienzahlen und die damit verbundenen Eigentumswerte.

Es wurden keine derivativen Wertpapiere erworben oder veräußert, und es fand keine Barkapitaltransaktion statt. Das Update ist administrativer Natur und spiegelt keine Aktivitäten zum Kauf oder Verkauf am offenen Markt wider. Dementsprechend klärt die Offenlegung hauptsächlich die Insider-Aktienvergütung und hat nur begrenzte unmittelbare Marktauswirkungen.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
THINGELSTAD JAMIE

(Last) (First) (Middle)
333 SOUTH SEVENTH STREET
SUITE 1000

(Street)
MINNEAPOLIS MN 55402

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SPS COMMERCE INC [ SPSC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Chief Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/18/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
02/28/2025
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/18/2025 A 9,233(1)(2) A $0 36,926 D
Common Stock 407.052 I By 401(k) Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. This amendment corrects the amounts reported on the Form 4/A filed on February 28, 2025 for the reporting person, which inadvertently reported the awards granted to a different reporting person.
2. Restricted Stock Unit award that vests as to 25% of the units on each anniversary of the date of the grant.
Remarks:
/s/ Jonathan Zimmerman, Attorney-in-Fact for Jamie Thingelstad 06/27/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many shares did SPSC CTO Jamie Thingelstad receive?

He received 9,233 restricted stock units on 18 Feb 2025.

What is the vesting schedule for the awarded RSUs?

The RSUs vest 25 % each year on the anniversary of the grant date.

What is Thingelstad’s total direct ownership after the grant?

He now directly owns 36,926 common shares of SPSC.

Why was this Form 4/A filed?

It corrects amounts mistakenly attributed to another insider in the 28 Feb 2025 filing.

Are there any indirect holdings disclosed?

Yes, 407.052 shares are held indirectly through the company’s 401(k) plan.
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