Welcome to our dedicated page for Sps Commerce SEC filings (Ticker: SPSC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
SPS Commerce filings document regulatory disclosures for a Nasdaq-listed provider of cloud-based supply chain management services. Recent Form 8-K reports disclose quarterly and annual operating results, recurring revenue trends, share repurchase activity, executive appointments and material agreements related to governance and shareholder engagement.
The company’s proxy materials and compensation-related 8-K filings describe board composition, committee assignments, director independence, executive compensation, performance stock unit terms and change-in-control vesting provisions. These filings also record shareholder voting matters and governance practices for SPS Commerce’s Supply Chain Management Solutions business and common stock capital structure.
SPS Commerce reported strong 2025 results, with revenue of $751.5 million and $231.4 million of adjusted EBITDA, driven by recurring-revenue expansion and product-led growth. The company marked its 100th consecutive quarter of revenue growth, grew recurring revenue 20%, increased ARPU to $14,350, completed $115.0 million of share repurchases and authorized a total repurchase program of $300.0 million. Management highlighted acquisitions (including Carbon6), new AI agentic capabilities called MAX, and expectations for at least high-single-digit revenue growth and annual 2 percentage-point adjusted EBITDA margin expansion.
SPS Commerce is asking stockholders to vote at its virtual 2026 Annual Meeting on May 28, 2026. Investors will elect nine directors for one-year terms, ratify KPMG as independent auditor for 2026, and cast an advisory “Say‑on‑Pay” vote on executive compensation.
Holders of 36,967,108 shares of common stock as of March 30, 2026 may vote, with one vote per share. The company highlights a largely independent, skills-diverse board, updated committee leadership, and director pay built around cash retainers plus $200,000 in annual RSU/DSU awards. Executive pay emphasizes performance-based cash bonuses and equity (RSUs and PSUs) tied to revenue growth and relative total shareholder return, and prior Say‑on‑Pay support was 96%.
SPS Commerce, Inc. updated how its performance stock units (PSUs) vest if the company undergoes a change in control. The Board’s Compensation & Talent Committee decided to make all outstanding PSUs granted in 2024, 2025 and 2026 follow the same rules.
Under the new PSU Agreement, PSUs for active executives now vest on a double trigger basis. Vesting accelerates only if there is a change in control and, within one year, the executive is terminated without cause, resigns for good reason, or the surviving entity does not continue, assume or replace the awards. In that case, the number of PSUs that vest equals the greater of the target PSUs and the PSUs earned based on actual performance over a shortened performance period.
The revised PSU Agreement, effective April 10, 2026, also covers retired executives who still hold PSUs. For these retirees, PSUs vest upon a change in control in an amount equal to the greater of target PSUs and PSUs earned based on actual performance during the truncated performance period. The updated form will govern future PSU grants under the 2010 Equity Incentive Plan.
SPS Commerce director Marty M. Reaume exercised stock options for 1,000 shares of common stock at $51.80 per share and on the same day sold 1,000 shares at $57.90 per share. These transactions were carried out under a pre-arranged Rule 10b5-1 trading plan. Following the sale, he holds 9,158 common shares directly.
Morgan Stanley Smith Barney LLC affiliate submitted a Form 144 reporting a proposed sale of 1,000 Common shares. The filing lists the method as an Exercise of Stock Options with a sale date of 04/07/2026. It also records two prior 10b5-1 sales of 1,000 shares on 03/09/2026 ($62,730) and 02/09/2026 ($79,200).
SPS Commerce Inc: The Vanguard Group filed Amendment No. 9 to its Schedule 13G/A explaining an internal realignment and reporting beneficial ownership of 0 shares (0%) of SPS Commerce Inc common stock.
The filing states that, following an internal reorganization on January 12, 2026, certain Vanguard subsidiaries will report beneficial ownership separately in reliance on SEC Release No. 34-39538. The signature block is dated 03/27/2026.
SPS Commerce, Inc. chief financial officer Joseph Del Preto has filed an initial statement of ownership as a company insider. The Form 3 data provided shows no reportable transactions, share holdings, or derivative positions for him in this filing excerpt.
SPS Commerce director Tami Reller exercised stock options for 5,732 shares of Common Stock on March 13, 2026. The options had a $51.80 per share exercise price. After the exercise, she directly owned 51,172 shares of SPS Commerce Common Stock. No shares were reported as sold in this filing.
SPS Commerce director Marty M. Reaume exercised stock options to acquire 1,000 shares of Common Stock at an exercise price of $51.80 per share, then sold 1,000 shares at $62.73 per share the same day. The filing notes these option exercises and sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 10, 2025. Following the transactions, Reaume directly holds 9,158 shares of SPS Commerce Common Stock.
Martha Reaume reported proposed and recent sales of Common stock of SPSC. The filing lists a 1,000-share sale via exercise of stock options on 03/09/2026 (cash), and prior 10b5-1 sales of 1,000 shares on 02/09/2026 for $79,200 and 1,732 shares on 01/07/2026 for $159,794.15.