Director Fumbi F. Chima receives 3,451-share RSU grant at SPS Commerce (SPSC)

Rhea-AI Filing Summary

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

SPS Commerce director Fumbi F. Chima received an equity award of 3,451 shares of common stock in the form of restricted stock units. The award was granted at no cash cost per share and represents her total reported direct holdings after the transaction. These units will vest in equal monthly installments over 36 months, as long as she continues to serve on the board on each vesting date, aligning her compensation with the company’s long-term performance.

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

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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 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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		3,451(1)	A	$0	3,451	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 monthly for 36 months 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	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).
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FAQ

What insider transaction did SPS Commerce (SPSC) report for Fumbi F. Chima?

SPS Commerce reported that director Fumbi F. Chima received 3,451 shares of common stock as a restricted stock unit award. This equity grant represents her direct holdings after the transaction and is part of her board compensation structure.

How many SPS Commerce (SPSC) shares were granted in the latest Form 4?

The Form 4 shows a grant of 3,451 shares of SPS Commerce common stock as restricted stock units. These units vest over time, rather than being immediately unrestricted, and are tied to continued board service by the director.

What type of award did Fumbi F. Chima receive from SPS Commerce (SPSC)?

Fumbi F. Chima received a restricted stock unit award for 3,451 shares of SPS Commerce common stock. Restricted stock units are share-based compensation that convert into shares as they vest under specified service or performance conditions.

What are the vesting terms of the SPS Commerce (SPSC) RSU grant?

The 3,451-share restricted stock unit award vests monthly over 36 months. Each month, a portion becomes earned if the recipient remains a member of the SPS Commerce board on that vesting date, encouraging long-term service and alignment with shareholders.

Did Fumbi F. Chima pay cash for the SPS Commerce (SPSC) RSU award?

No cash payment was indicated for the award; the reported transaction price per share is zero. This reflects a typical equity compensation grant, where shares are provided as part of director compensation rather than purchased on the open market.

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

After this restricted stock unit award, Fumbi F. Chima is shown as directly holding 3,451 shares of SPS Commerce common stock. This figure reflects the position following the reported acquisition transaction in the filing.