SPS Commerce director receives 3,736-share equity grant

Chima Fumbi F. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Chima Fumbi F. reported acquisition or exercise transactions in this Form 4 filing.

SPS Commerce director Fumbi F. Chima reported receiving an equity award of 3,736 shares of Common Stock as a grant, not a market purchase. The award is structured as restricted stock units that carry no purchase price. Following this grant, Chima directly holds 7,187 shares of SPS Commerce common stock.

The restricted stock unit award will vest in four equal installments on the last day of each fiscal quarter, starting on June 30, 2026, as long as Chima remains a member of the board on each vesting date. This filing reflects routine director compensation rather than an open-market transaction.

Insider Trade Summary

Grant/Award: 3,736 shares

Grant/Award 1 txn

Insider Chima Fumbi F.

Role Director

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

Holdings After Transaction: Common Stock — 7,187 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Shares granted: 3,736 shares Grant price: $0.0000 per share Shares held after: 7,187 shares +2 more

5 metrics

Shares granted 3,736 shares Restricted stock unit award to director on May 28, 2026

Grant price $0.0000 per share Indicates compensation grant, not market purchase

Shares held after 7,187 shares Total SPS Commerce common stock directly held after grant

Vesting schedule 4 equal installments Vests quarterly beginning June 30, 2026, while on board

First vesting date June 30, 2026 First quarterly vesting of restricted stock unit award

Key Terms

restricted stock unit award, vest, fiscal quarter, member of the board

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

"on the last day of each fiscal quarter with the first vesting"

member of the board financial

"provided the recipient remains a member of the board as of the vesting date"

FAQ

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

What did SPS Commerce (SPSC) director Fumbi F. Chima report in this Form 4?

Fumbi F. Chima reported receiving a grant of 3,736 shares of SPS Commerce common stock as a restricted stock unit award. The grant is compensation-related, carries no purchase price, and increases Chima’s direct holdings to 7,187 shares after the transaction.

Was the SPS Commerce (SPSC) Form 4 transaction a stock purchase or a grant?

The Form 4 shows a grant, not a purchase. Chima received 3,736 shares under a restricted stock unit award at a price of $0.0000 per share, which indicates equity compensation rather than an open-market buy of SPS Commerce stock.

How do the SPS Commerce (SPSC) restricted stock units for Fumbi F. Chima vest?

The restricted stock units vest in four equal installments. Vesting occurs on the last day of each fiscal quarter, beginning June 30, 2026, and each installment depends on Chima remaining a member of the SPS Commerce board on the applicable vesting date.

How many SPS Commerce (SPSC) shares does Fumbi F. Chima hold after this Form 4?

After the reported grant, Fumbi F. Chima directly holds 7,187 shares of SPS Commerce common stock. This total includes the newly awarded 3,736 restricted stock units reflected in the filing as a compensation-related acquisition of shares.

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

Transaction code "A" indicates a grant, award, or other acquisition. In this case, it represents a restricted stock unit grant of 3,736 SPS Commerce shares, received as director compensation rather than through a market purchase or sale.

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

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Accepted by SEC EDGAR 06/01/2026 - 04:47 PM EDT Learn about SEC filing dates

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^*

Chima Fumbi F.

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/28/2026		A		3,736(1)	A	$0	7,187	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 Funmibi F. Chima	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)