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SPS Commerce (SPSC) director receives 3,736-share restricted stock unit award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Partin Mark reported acquisition or exercise transactions in this Form 4 filing.

SPS Commerce director Mark Partin received an equity grant of 3,736 shares of Common Stock as a restricted stock unit award. The award vests in four equal installments on the last day of each fiscal quarter, starting on June 30, 2026, if he remains on the board at each vesting date. Following this award, he holds 6,221 shares of Common Stock directly.

Positive

  • None.

Negative

  • None.
Insider Partin Mark
Role null
Type Security Shares Price Value
Grant/Award Common Stock 3,736 $0.00 --
Holdings After Transaction: Common Stock — 6,221 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Restricted stock units granted 3,736 shares Equity award on May 28, 2026
Grant price per share $0.0000 per share Restricted stock unit award
Shares held after grant 6,221 shares Total direct holdings following transaction
First vesting date June 30, 2026 First of four quarterly vesting dates
restricted stock unit award financial
"This reflects a restricted stock unit award."
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
vest in four equal installments financial
"The shares subject to this award will vest in four equal installments"
fiscal quarter financial
"on the last day of each fiscal quarter"
member of the board financial
"provided the recipient remains a member of the board"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Partin Mark
(Last)(First)(Middle)
333 SOUTH SEVENTH STREET
SUITE 1000
(Street)
MINNEAPOLIS MINNESOTA 55402
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
SPS COMMERCE INC [ SPSC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/28/2026A3,736(1)A$06,221D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. This reflects a restricted stock unit award. The shares subject to this award will vest in four equal installments on the last day of each fiscal quarter with the first vesting occurring on June 30, 2026, provided the recipient remains a member of the board as of the vesting date.
Remarks:
/s/ Jonathan R. Zimmerman, Attorney-in-Fact for Mark Partin06/01/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did SPSC director Mark Partin report?

Director Mark Partin reported receiving an equity grant of 3,736 shares of SPS Commerce Common Stock as a restricted stock unit award. This is a compensation-related acquisition, not an open-market purchase or sale of shares.

How many SPS Commerce (SPSC) shares did Mark Partin receive?

Mark Partin received 3,736 shares of SPS Commerce Common Stock through a restricted stock unit award. The shares were granted at a price of $0.0000 per share as part of his director compensation, rather than a market transaction.

When do Mark Partin’s new SPSC restricted stock units vest?

The 3,736 restricted stock units vest in four equal installments on the last day of each fiscal quarter. The first vesting date is June 30, 2026, and vesting requires that he remain a member of the board on each vesting date.

How many SPS Commerce (SPSC) shares does Mark Partin hold after this grant?

After this restricted stock unit grant, Mark Partin holds 6,221 shares of SPS Commerce Common Stock directly. This figure reflects his holdings immediately following the reported equity award transaction on May 28, 2026.

Was Mark Partin’s SPSC transaction a market buy or sell?

The filing shows a grant coded as “A,” meaning a grant, award, or other acquisition. It is a restricted stock unit award at $0.0000 per share, not an open-market purchase or sale of SPS Commerce stock.

What conditions apply to Mark Partin’s SPSC restricted stock unit award?

The award vests in four equal quarterly installments, starting June 30, 2026, on the last day of each fiscal quarter. Vesting occurs only if Mark Partin continues serving as a board member on each applicable vesting date.