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SORAN PHILIP reported acquisition or exercise transactions in this Form 4 filing.
SPS Commerce director Philip Soran received an equity grant in the form of restricted stock units. On May 28, 2026, he was awarded 3,736 shares of Common Stock at no cash cost as a grant or award, increasing his direct holdings to 25,913 shares.
The award vests in four equal installments on the last day of each fiscal quarter, with the first vesting on June 30, 2026, as long as he continues serving on the board through each vesting date. This is a routine, compensation-related equity grant rather than an open‑market stock purchase or sale.
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.
Ward Anne Sempowski reported acquisition or exercise transactions in this Form 4 filing.
SPS Commerce director Anne Sempowski Ward received a grant of 3,736 shares of Common Stock in the form of a restricted stock unit award. The grant price is shown as $0.00 per share, indicating it is compensation rather than an open-market purchase.
These restricted shares will vest in four equal installments on the last day of each fiscal quarter, with the first vesting on June 30, 2026, as long as she remains a board member on each vesting date. After this award, she directly holds 7,870 shares of SPS Commerce common stock.
SPS Commerce, Inc. reported the results of its 2026 Annual Meeting of Stockholders. Stockholders elected nine directors, including Fumbi Chima and Chad Collins, each receiving more than 30 million votes for, except Michael McConnell who received 24,552,202 votes for and 6,703,424 against, along with broker non-votes.
Stockholders also ratified the selection of KPMG LLP as the independent auditor for the year ending December 31, 2026, with 32,558,668 votes for, 166,493 against and 8,876 abstentions. In an advisory vote, stockholders approved the compensation of the company’s named executive officers, with 28,658,147 votes for, 2,600,825 against, 19,565 abstentions and 1,455,500 broker non-votes.
SPS Commerce, Inc. announced that former Executive Vice President and Chief Financial Officer Kimberly Nelson’s retirement from the company will be effective June 1, 2026. She had previously given notice on February 10, 2026 and transitioned out of the CFO role when Joseph Del Preto became CFO on March 16, 2026.
The Compensation & Talent Committee waived the six-month notice requirement in Ms. Nelson’s equity award agreements, recognizing that she is at least age 58 and has over 10 years of continuous service. Her outstanding equity awards will receive retirement treatment under those agreements, and she will not receive any cash payments or other severance in connection with her retirement.
SPS Commerce Executive VP and CFO Joseph Del Preto reported two stock-based compensation awards of Common Stock. On May 7, 2026, he acquired 33,240 shares and a separate award of 108,467 shares, both at a stated price of $0.00 per share, reflecting equity grants rather than open‑market purchases.
Following one of the awards, his reported direct holdings for that line item increased to 141,707 shares, while the other award shows 108,467 shares held directly. A footnote explains that one award consists of Restricted Stock Units vesting 25% each on March 16, 2027, March 16, 2028, March 16, 2029, and March 16, 2030, tying the grant to long‑term service‑based vesting.
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.
SPS Commerce director Marty M. Reaume reported an exercise-and-sell transaction in company stock. On May 7, 2026, Reaume exercised stock options for 1,000 shares of common stock at $51.80 per share, then sold 1,000 shares in an open-market sale at an average price of $57.03 per share. After these transactions, Reaume directly holds 9,158 shares of SPS Commerce common stock. The filing notes the option exercise and sale were carried out under a pre-arranged Rule 10b5-1 trading plan, indicating the activity was scheduled in advance rather than timed opportunistically.
SPSC filed a Rule 144 notice reporting the sale of 1,000 shares of Common Stock on 05/07/2026 tied to an exercise of stock options, sold through Morgan Stanley Smith Barney LLC for cash. The filing also lists prior 10b5-1 sales by Martha Reaume: 1,000 shares on 04/07/2026 for $57,900, 1,000 shares on 03/09/2026 for $62,730, and 1,000 shares on 02/09/2026 for $79,200.
SPS Commerce posted modest top-line growth in its quarter ended March 31, 2026. Revenue reached $192.1 million, up 6% from $181.5 million a year earlier, driven mainly by higher recurring revenue of $184.5 million, which represented 96% of total revenue.
Net income declined to $19.7 million from $22.2 million, with margin at 10% versus 12% as operating expenses, including stock-based compensation and enterprise system work, grew faster than sales. Adjusted EBITDA increased to $57.9 million, maintaining a 30% margin. The company ended the quarter with $154.3 million in cash and generated $55.6 million in operating cash flow while repurchasing 757,721 shares for $48.6 million under its buyback program.