SPS Commerce (SPSC) CTO awarded 39,433 RSUs, now holds 95,777 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
THINGELSTAD JAMIE reported acquisition or exercise transactions in this Form 4 filing.
SPS Commerce EVP and CTO Jamie Thingelstad received a new equity award. He was granted 39,433 shares of common stock as a restricted stock unit award at a stated price of $0.0000 per share. The award vests in four equal 25% installments on each anniversary of the grant date. Following this grant, he directly holds 95,777 shares of common stock and also has 499.189 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
THINGELSTAD JAMIE
Role
EVP, Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 39,433 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 95,777 shares (Direct, null);
Common Stock — 499.189 shares (Indirect, By 401(k) Plan)
Footnotes (1)
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Key Figures
RSU grant size: 39,433 shares
Grant price: $0.0000 per share
Direct holdings after grant: 95,777 shares
+2 more
5 metrics
RSU grant size
39,433 shares
Restricted Stock Unit award on May 8, 2026
Grant price
$0.0000 per share
Stated price for RSU grant
Direct holdings after grant
95,777 shares
Common stock directly held following transaction
Indirect 401(k) holdings
499.189 shares
Common stock held via 401(k) plan
Vesting schedule
25% per year
RSU vests each anniversary of grant date
Key Terms
Restricted Stock Unit, 401(k) Plan, Grant, award, or other acquisition
3 terms
Restricted Stock Unit financial
"Restricted Stock Unit award that vests as to 25% of the units on each anniversary"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
401(k) Plan financial
"total_shares_following_transaction 499.1890, nature_of_ownership: By 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did SPS Commerce (SPSC) executive Jamie Thingelstad report in this Form 4?
Jamie Thingelstad reported receiving 39,433 shares of SPS Commerce common stock as a restricted stock unit award. The grant is compensation-related, not an open-market purchase, and increases his equity stake in the company through time-based vesting.
What is the vesting schedule for Jamie Thingelstad’s SPS Commerce restricted stock units?
The restricted stock unit award vests as to 25% of the units on each anniversary of the grant date. This means the 39,433 units will become fully vested in four equal annual installments, assuming continued satisfaction of the award’s vesting conditions.
What does the 401(k) Plan entry mean in Jamie Thingelstad’s SPS Commerce Form 4?
The filing lists 499.189 SPS Commerce shares held indirectly through a 401(k) plan. This entry is categorized as a holding, not a new transaction, and reflects retirement-plan ownership separate from his directly held 95,777 shares of common stock.