Marty M. Reaume - 07 Jan 2026 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Role
Director
Signature
/s/ Jonathan R. Zimmerman, Attorney-in-Fact for Marty M. Reaume
Issuer symbol
SPSC
Transactions as of
07 Jan 2026
Net transactions value
-$70,077
Form type
4
Filing time
09 Jan 2026, 16:51:50 UTC
Previous filing
15 May 2025
Next filing
11 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Reaume Marty M Director 333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS /s/ Jonathan R. Zimmerman, Attorney-in-Fact for Marty M. Reaume 09 Jan 2026 0001735354

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Options Exercise $89,718 +1,732 +19% $51.80 10,890 07 Jan 2026 Direct F1, F2, F3
transaction SPSC Common Stock Sale $36,558 -400 -3.7% $91.40 10,490 07 Jan 2026 Direct F1, F4
transaction SPSC Common Stock Sale $123,236 -1,332 -13% $92.52 9,158 07 Jan 2026 Direct F1, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPSC Stock Option (right to buy) Options Exercise $0 -1,732 -30% $0.000000 4,000 07 Jan 2026 Common Stock 1,732 $51.80 Direct F1, F3, F6
* 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 Stock option exercise and sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 10, 2025.
F2 On July 25, 2019, the Issuer announced that its board of directors declared a two-for-one stock split of the Common Stock of the Issuer, effected in the form of a 100 percent stock dividend as of the record date on August 8, 2019. The stock split dividend was distributed on August 22, 2019, and at that time pursuant to anti-dilution provisions of the Issuer's 2010 Equity Incentive Plan, an option for 2,866 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 5,732 shares of Common Stock.
F3 This option was previously reported as an option for 2,866 shares of Common stock at an exercise price of $103.60 per share but was adjusted to reflect the stock dividend declared by the Issuer on July 25, 2019.
F4 Reflects the weighted average price of 400 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 7, 2026 with sales prices ranging from $90.98 to $91.83 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 Reflects the weighted average price of 1,332 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 7, 2026 with sales prices ranging from $92.23 to $92.85 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.
F6 Fully vested.