Rosini Eduardo 4

What Happened
Eduardo Rosini, Executive Vice President and Chief Commercial Officer of SPS Commerce (SPSC), received a grant of 29,335 restricted stock units (RSUs) on 2026-02-20. The award was granted at $0.00 (no cash paid at grant); these are compensation RSUs that will convert to shares only as they vest.

Key Details

• Transaction date: 2026-02-20; Form filed 2026-02-24 (filed within the typical two-business-day Form 4 window following the grant).
• Transaction type/code: Award/Grant (A). Price reported: $0.00.
• Shares awarded: 29,335 RSUs.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: RSU award vests 25% of the units on each anniversary of the grant date (four-year annual vesting).
• No indication of a sale, purchase, tax withholding, or 10b5-1 plan in the provided data.

Context
RSUs are compensation that generally convert into actual shares only as they vest; they do not represent immediately tradable shares. Such grants are common for executives as part of long-term incentive pay and do not by themselves signal a buy or sell decision by the insider. Taxable income and reporting obligations typically arise when RSUs vest or shares are delivered.