Chima Fumbi F. 4

What Happened
Chima Fumbi, a director of SPS Commerce, was granted 3,451 shares via a restricted stock unit (RSU) award on February 20, 2026. The award is reported at $0.00 per share on the Form 4 (transaction code A), meaning no cash purchase occurred — this is a compensation/award grant rather than a market buy or sale.

Key Details

• Transaction date: 2026-02-20 (reported on Form 4 filed 2026-02-24).
• Transaction type/code: Award (A) — restricted stock units (3,451 RSUs) reported at $0.00 each (reported acquisition value $0).
• Vesting: RSUs vest monthly over 36 months, provided the recipient remains a board member as of each vesting date (per filing footnote).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Filed on 2026-02-24 for a 2026-02-20 grant — appears timely (filed within required reporting window).

Context
RSU awards are a form of compensation and do not represent an immediate cash outlay or open-market purchase; they convert into shares over the vesting schedule. Because vesting is tied to continued board service, these awards are routine director compensation and should not be read as a direct buy/sell signal.