SPS Commerce (SPSC) director granted 3,736 restricted stock units as board compensation

Rhea-AI Filing Summary

Reaume Marty M reported acquisition or exercise transactions in this Form 4 filing.

SPS Commerce director Marty M. Reaume received a grant of 3,736 shares of Common Stock in the form of restricted stock units. The award was made at no cash cost per share and increased his direct holdings to 12,894 shares after the transaction.

The footnotes state that these restricted stock units will vest in four equal installments on the last day of each fiscal quarter, beginning on June 30, 2026, as long as he continues to serve on the board on each vesting date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Reaume Marty M

Role null

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

Holdings After Transaction: Common Stock — 12,894 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 3,736 shares Post-transaction holdings: 12,894 shares Grant price per share: $0.0000 per share +2 more

5 metrics

RSU grant size 3,736 shares Restricted stock unit award on Common Stock

Post-transaction holdings 12,894 shares Total Common Stock directly held after grant

Grant price per share $0.0000 per share Reported acquisition price for RSU-related shares

Vesting schedule 4 equal installments Quarterly vesting beginning June 30, 2026

First vesting date June 30, 2026 Start of quarterly vesting, subject to continued board service

Key Terms

restricted stock unit, vesting, fiscal quarter, member of the board

4 terms

restricted stock unit financial

"This reflects a restricted stock unit award."

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.

vesting financial

"The shares subject to this award will vest in four equal installments"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

fiscal quarter financial

"will vest in four equal installments on the last day of each fiscal quarter"

member of the board financial

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

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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^*

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)
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	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)
				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 Marty M. Reaume	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)

FAQ

What insider transaction did SPS Commerce (SPSC) report for Marty M. Reaume?

SPS Commerce reported that director Marty M. Reaume received 3,736 shares of Common Stock as a restricted stock unit grant. This was a compensation-related award at no cash cost, not an open-market purchase or sale.

How many SPS Commerce (SPSC) shares does Marty M. Reaume hold after this Form 4 filing?

After the reported grant, Marty M. Reaume directly holds 12,894 shares of SPS Commerce Common Stock. This total includes the 3,736-share restricted stock unit award disclosed in the Form 4 insider transaction.

What are the vesting terms of Marty M. Reaume’s SPS Commerce restricted stock units?

The 3,736 restricted stock units vest in four equal installments on the last day of each fiscal quarter, starting June 30, 2026. Vesting requires that Reaume remain a member of the SPS Commerce board on each vesting date.

Did Marty M. Reaume buy or sell SPS Commerce (SPSC) shares in the market?

The Form 4 shows no open-market buying or selling. Instead, Marty M. Reaume acquired 3,736 SPS Commerce shares as a restricted stock unit grant with a reported price of $0.0000 per share.

Is the SPS Commerce (SPSC) Form 4 transaction related to derivatives or options?

No derivative securities are reported in this Form 4. The filing shows a non-derivative acquisition of Common Stock through a restricted stock unit grant, with no remaining derivative positions listed in the derivative summary.