A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 11 filings in this group are Form 4s for SPS Commerce, Inc.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 11 insider filings shown, the breakdown is 10 compensation award and 1 open-market sale. 1 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.
Form 4
Compensation award
Tax / Compensation Filing
2026-06-01
SPSC insider Form 4 filed for equity award, exercise, or tax withholding
Gaurav Razat (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
3,736 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Gaurav Razat (Director)
Shares: 3,736
Form 4
Compensation award
Tax / Compensation Filing
2026-06-01
SPSC insider Form 4 filed for equity award, exercise, or tax withholding
McConnell Michael J (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
3,736 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: McConnell Michael J (Director)
Shares: 3,736
Form 4
Compensation award
Tax / Compensation Filing
2026-06-01
SPSC insider Form 4 filed for equity award, exercise, or tax withholding
Partin Mark (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
3,736 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Partin Mark (Director)
Shares: 3,736
Form 4
Compensation award
Tax / Compensation Filing
2026-06-01
SPSC insider Form 4 filed for equity award, exercise, or tax withholding
Reaume Marty M (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
3,736 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Reaume Marty M (Director)
Shares: 3,736
Form 4
Compensation award
Tax / Compensation Filing
2026-06-01
SPSC insider Form 4 filed for equity award, exercise, or tax withholding
Reller Tami (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
3,736 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Reller Tami (Director)
Shares: 3,736
Form 4
Compensation award
Tax / Compensation Filing
2026-06-01
SPSC insider Form 4 filed for equity award, exercise, or tax withholding
SORAN PHILIP (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
3,736 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: SORAN PHILIP (Director)
Shares: 3,736
Form 4
Compensation award
Tax / Compensation Filing
2026-06-01
SPSC insider Form 4 filed for equity award, exercise, or tax withholding
Chima Fumbi F. (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
3,736 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Chima Fumbi F. (Director)
Shares: 3,736
Form 4
Compensation award
Tax / Compensation Filing
2026-06-01
SPSC insider Form 4 filed for equity award, exercise, or tax withholding
Ward Anne Sempowski (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
3,736 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Ward Anne Sempowski (Director)
Shares: 3,736
Form 4
Compensation award
Tax / Compensation Filing
2026-05-11
SPSC insider Form 4 filed for equity award, exercise, or tax withholding
Del Preto Joseph (EXECUTIVE VP AND CFO) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
108,467 |
— |
— |
A |
Compensation award
|
33,240 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Del Preto Joseph (EXECUTIVE VP AND CFO)
Shares: 141,707
Form 4
Compensation award
Tax / Compensation Filing
2026-05-11
SPSC insider Form 4 filed for equity award, exercise, or tax withholding
THINGELSTAD JAMIE (EVP, Chief Technology Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
39,433 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: THINGELSTAD JAMIE (EVP, Chief Technology Officer)
Shares: 39,433
Form 4
Open-market sale
Insider Selling
2026-05-11
SPSC insider Reaume Marty M (Director) sold 1,000 shares (~$57.0K)
Reaume Marty M, listed as Director at SPS COMMERCE INC, reported an open-market sale of 1,000 SPSC shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
1,000 |
$51.80 |
$51.8K |
S |
Open-market sale
|
1,000 |
$57.03 |
$57.0K |
M |
Option exercise
derivative · Stock Option (right to buy)
|
1,000 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Reaume Marty M (Director)
Shares: 1,000
Est. Value: $57.0K