SPS Commerce (SPSC) EVP Eduardo Rosini granted 29,335-share RSU award

Rhea-AI Filing Summary

SPS Commerce executive Eduardo Rosini received a grant of 29,335 shares of Common Stock on February 20, 2026, reported as a grant, award, or other acquisition at a price of $0.00 per share. The award is in the form of Restricted Stock Units that vest 25% on each anniversary of the grant date.

After this award, Rosini directly owned 109,860 shares of SPS Commerce Common Stock and indirectly held 10.469 shares through a 401(k) plan. The vesting schedule means the units convert into shares over four years, subject to the stated time-based conditions.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Rosini Eduardo

Role EVP, Chief Commercial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	29,335	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 109,860 shares (Direct); Common Stock — 10.469 shares (Indirect, By 401(k) Plan)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Rosini Eduardo

(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 Commercial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	02/20/2026		A		29,335(1)	A	$0	109,860	D
Common Stock								10.469	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. Restricted Stock Unit award that vests as to 25% of the units on each anniversary of the date of the grant.

Remarks:

	/s/ Jonathan R. Zimmerman, Attorney-in-Fact for Eduardo Rosini	02/24/2026
	** 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.

FAQ

What insider transaction did SPS Commerce (SPSC) report for Eduardo Rosini?

SPS Commerce reported that EVP and Chief Commercial Officer Eduardo Rosini received a grant of 29,335 shares of Common Stock on February 20, 2026. The transaction is coded as a grant, award, or other acquisition with a price of $0.00 per share.

How do Eduardo Rosini’s new SPS Commerce (SPSC) Restricted Stock Units vest?

The Restricted Stock Unit award to Eduardo Rosini vests in four equal installments. Twenty-five percent of the units vest on each anniversary of the grant date, meaning the full 29,335-share award vests over four years, subject to continued satisfaction of the vesting conditions.

How many SPS Commerce (SPSC) shares does Eduardo Rosini own after this Form 4?

Following the reported grant, Eduardo Rosini directly owned 109,860 shares of SPS Commerce Common Stock. He also indirectly held 10.469 shares through a 401(k) plan, reflecting both direct and plan-based ownership positions after the award was recorded.

What does the Form 4 transaction code mean in the SPS Commerce (SPSC) filing?

The Form 4 uses transaction code “A,” which indicates a grant, award, or other acquisition of securities. For Eduardo Rosini, this code reflects an equity compensation grant rather than an open-market purchase, with the shares awarded at a stated price of $0.00 per share.

Is the SPS Commerce (SPSC) equity award to Eduardo Rosini an open-market buy or compensation grant?

The filing characterizes the transaction as a compensation-related grant. The 29,335 shares were acquired via a grant or award at $0.00 per share, consistent with Restricted Stock Units that vest over time rather than being bought in the open market.