Chadwick Collins - 20 Feb 2026 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Role
Chief Executive Officer, Director
Signature
/s/ Jonathan R. Zimmerman, Attorney-in-Fact for Chadwick Collins
Issuer symbol
SPSC
Transactions as of
20 Feb 2026
Net transactions value
-$785,128
Form type
4
Filing time
24 Feb 2026, 16:53:39 UTC
Previous filing
28 Feb 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Collins Chadwick Chief Executive Officer, Director 333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS /s/ Jonathan R. Zimmerman, Attorney-in-Fact for Chadwick Collins 24 Feb 2026 0001994652

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Sale $451,737 -7,776 -9.1% $58.09 77,849 20 Feb 2026 Direct F1, F2
transaction SPSC Common Stock Sale $166,062 -2,806 -3.6% $59.18 75,043 20 Feb 2026 Direct F1, F3
transaction SPSC Common Stock Sale $167,330 -2,802 -3.7% $59.72 72,241 20 Feb 2026 Direct F1, F4
transaction SPSC Common Stock Award $0 +101,932 +141% $0.000000 174,173 20 Feb 2026 Direct F5
holding SPSC Common Stock 65 20 Feb 2026 By 401(k) Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 12, 2025.
F2 Reflects the weighted average price of 7,776 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 20, 2026, with sales prices ranging from $57.50 to $58.46 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.
F3 Reflects the weighted average price of 2,806 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 20, 2026, with sales prices ranging from $58.51 to $59.50 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.
F4 Reflects the weighted average price of 2,802 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 20, 2026, with sales prices ranging from $59.52 to $60.01 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.
F5 Restricted Stock Unit award that vests as to 25% of the units on each anniversary of the date of the grant.