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

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: SPSC
Reported as of: 20 Feb 2026
Net transaction value: -$785,128
SEC form: 4
Accepted by SEC: 24 Feb 2026, 16:53:39 UTC
Prior SEC filing: 28 Feb 2025
Source filing: View source filing
Reporting owner signature: /s/ Jonathan R. Zimmerman, Attorney-in-Fact for Chadwick Collins

Key filing fact

Chadwick Collins filed Form 4 for SPS COMMERCE INC (SPSC) on 24 Feb 2026.

Key facts

This page summarizes Chadwick Collins's Form 4 filing for SPS COMMERCE INC (SPSC).
4 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 24 Feb 2026, 16:53.

Change

Previous filing in this sequence was filed on 28 Feb 2025.
Current net transaction value: -$785,128.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001994652 Primary reporting owner

Collins Chadwick

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

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SPSC transaction

Common Stock

Sale

Transaction value: $451,737
Shares: -7,776
Change %: -9.1%
Price: $58.09
Shares after: 77,849
Date: 20 Feb 2026
Ownership: Direct
Footnotes: F1, F2

SPSC transaction

Common Stock

Sale

Transaction value: $166,062
Shares: -2,806
Change %: -3.6%
Price: $59.18
Shares after: 75,043
Date: 20 Feb 2026
Ownership: Direct
Footnotes: F1, F3

SPSC transaction

Common Stock

Sale

Transaction value: $167,330
Shares: -2,802
Change %: -3.7%
Price: $59.72
Shares after: 72,241
Date: 20 Feb 2026
Ownership: Direct
Footnotes: F1, F4

SPSC transaction

Common Stock

Award

Transaction value: $0
Shares: +101,932
Change %: +141%
Price: $0.000000
Shares after: 174,173
Date: 20 Feb 2026
Ownership: Direct
Footnotes: F5

SPSC holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 65
Date: 20 Feb 2026
Ownership: By 401(k) Plan

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 5 footnotes

Footnote F1

Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 12, 2025.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F5

Restricted Stock Unit award that vests as to 25% of the units on each anniversary of the date of the grant.