SPS Commerce director Reaume sells 4,536 shares

Q: How many SPSC shares did Marty M. Reaume sell, and at what price?

Marty M. Reaume sold 4,536 common shares on November 3, 2026, at a weighted average price of $86.8568 per share. The transactions ranged from $86.66 to $87.03 per share.

Q: What were the terms of Marty M. Reaume’s SPSC stock option exercise?

He exercised 4,536 fully vested stock options at $59 per share on November 3, 2026, acquiring 4,536 common shares. The reported option balance after exercise was zero.

The reported option balance after the exercise was zero, and the sale price was a weighted average across multiple transactions.

Available on EDGAR 11/05/2026 - 05:39 PM EST Accepted by SEC EDGAR 11/05/2026 - 05:38 PM EST

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Form Type

Rhea-AI Filing Summary

SPS Commerce director Marty M. Reaume exercised 4,536 fully vested stock options on November 3, 2026, at an exercise price of $59 per share, acquiring 4,536 common shares. He sold 4,536 shares the same day at a weighted average price of $86.8568 per share. The reported option balance after exercise was zero; the sale prices ranged from $86.66 to $87.03 per share.

Insider Trade Summary

Exercise and Sale: 4,536 shares ($126K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Reaume Marty M

Role Director

Sold 4,536 shs ($394K)

Approx. gross sale proceeds $394K

Approx. exercise cost $268K

Approx. pre-tax spread $126K

Share of Position Sold 26.0%

Type	Security	Shares	Price	Value
Exercise	Stock Option (right to buy) ^F2	4,536	$0.00	$0.00
Exercise	Common Stock	4,536	$59.00	$268K
Sale	Common Stock ^F1	4,536	$86.8568	$394K

Holdings After Transaction: Stock Option (right to buy) — 0 contracts (Direct); Common Stock — 12,894 shares (Direct)

Holdings Before and After: Stock Option (right to buy), 4,536 to 0 contracts (Direct); Common Stock, 12,894 to 12,894 shares (Direct)

Footnotes (2)

F1. Reflects the weighted average price of 4,536 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 3, 2026 with sales prices ranging from $86.66 to $87.03 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.
F2. Fully vested.

Key Figures

Stock options exercised: 4,536 options Exercise price: $59 per share Common shares acquired: 4,536 shares +4 more

7 metrics

Stock options exercised 4,536 options November 3, 2026

Exercise price $59 per share Stock option exercise on November 3, 2026

Common shares acquired 4,536 shares November 3, 2026

Common shares sold 4,536 shares November 3, 2026

Weighted average sale price $86.8568 per share Multiple transactions on November 3, 2026

Sale price range $86.66 to $87.03 per share Multiple transactions on November 3, 2026

Reported options after exercise 0 options Following the November 3, 2026 exercise

Key Terms

weighted average price, Fully vested, exercise price

3 terms

weighted average price financial

"Reflects the weighted average price of 4,536 shares"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Fully vested technical

"Fully vested."

exercise price financial

"at a $59 exercise price"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

FAQ

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

How many SPSC shares did Marty M. Reaume sell, and at what price?

Marty M. Reaume sold 4,536 common shares on November 3, 2026, at a weighted average price of $86.8568 per share. The transactions ranged from $86.66 to $87.03 per share.

What were the terms of Marty M. Reaume’s SPSC stock option exercise?

He exercised 4,536 fully vested stock options at $59 per share on November 3, 2026, acquiring 4,536 common shares. The reported option balance after exercise was zero.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Reaume Marty M

(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)
11/03/2026

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	11/03/2026		M		4,536	A	$59	17,430	D
Common Stock	11/03/2026		S		4,536	D	$86.8568⁽¹⁾	12,894	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)
Stock Option (right to buy)	$59	11/03/2026		M			4,536	⁽²⁾	05/18/2027	Common Stock	4,536	$0	0	D

Explanation of Responses:

1. Reflects the weighted average price of 4,536 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 3, 2026 with sales prices ranging from $86.66 to $87.03 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.

2. Fully vested.

Remarks:

	/s/ Jonathan R. Zimmerman, Attorney-in-Fact for Marty M. Reaume	11/05/2026
	** 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