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

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Reller Tami reported acquisition or exercise transactions in this Form 4 filing.

SPS Commerce director Tami Reller received an equity grant in the form of restricted stock units covering 3,736 shares of common stock. This is a compensation-related award rather than an open‑market purchase.

After this grant, Reller directly holds 54,908 shares. The award will vest in four equal installments on the last day of each fiscal quarter, starting on June 30, 2026, as long as she continues to serve on the board through each vesting date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Reller Tami

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,736	$0.00	--

Holdings After Transaction: Common Stock — 54,908 shares (Direct, null)

Footnotes (1)

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Key Figures

RSU award size: 3,736 shares Post-transaction holdings: 54,908 shares Grant price: $0.00 per share +2 more

5 metrics

RSU award size 3,736 shares Restricted stock unit grant to director on May 28, 2026

Post-transaction holdings 54,908 shares Director’s direct SPS Commerce common stock after grant

Grant price $0.00 per share Compensation award, not open-market purchase

Vesting schedule Four equal quarterly installments Last day of each fiscal quarter, starting June 30, 2026

First vesting date June 30, 2026 Initial vesting for restricted stock unit award

Key Terms

restricted stock unit award, vest, fiscal quarter, Form 4

4 terms

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 financial

"The shares subject to this award will vest in four equal installments"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

fiscal quarter financial

"in four equal installments on the last day of each fiscal quarter"

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

06/01/2026 - 04:48 PM

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^*

Reller Tami

(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)

X	Director	10% 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)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/28/2026		A		3,736⁽¹⁾	A	$0	54,908	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 Tami Reller	06/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did SPS Commerce (SPSC) director Tami Reller report in this Form 4?

Tami Reller reported receiving a grant of 3,736 restricted stock units of SPS Commerce common stock. This is a board compensation award, not an open‑market purchase, and increases her direct holdings to 54,908 shares after the transaction.

How many SPS Commerce (SPSC) shares did Tami Reller acquire in this award?

She acquired 3,736 shares in the form of restricted stock units at a reported price of $0.00 per share. These units represent stock-based compensation rather than a cash purchase on the open market by the director.

What are Tami Reller’s SPS Commerce (SPSC) holdings after this Form 4 transaction?

Following the restricted stock unit award, Tami Reller directly holds 54,908 shares of SPS Commerce common stock. This figure reflects her position after the 3,736-share RSU grant reported in the Form 4 filing.

How do the new SPS Commerce (SPSC) restricted stock units vest for Tami Reller?

The 3,736 restricted stock units will vest in four equal installments on the last day of each fiscal quarter. The first vesting date is June 30, 2026, contingent on her continued service on the board through each vesting date.

Was Tami Reller’s SPS Commerce (SPSC) Form 4 a stock purchase or a grant?

The Form 4 reflects a grant of restricted stock units, coded as a grant or award acquisition. It is compensation awarded at a reported price of $0.00 per share, not an open‑market stock purchase by the director.