Reaume Marty M 4

What Happened
Marty M. Reaume, a director of SPS Commerce (SPSC), exercised stock options and sold the resulting shares on May 7, 2026. The filing shows an exercise (code M) of 1,000 shares at an exercise price of $51.80 ($51,800 total) and an open-market sale (code S) of 1,000 shares at $57.03, generating $57,030. The report also lists a derivative disposition of 1,000 shares at $0.00 related to the exercise (see notes).

Key Details

• Transaction date: May 7, 2026. Sale price: $57.03 per share; exercise price: $51.80 per share.
• Reported dollar amounts: Exercise cost $51,800; open-market sale proceeds $57,030.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: (F1) Trades were effected pursuant to a Rule 10b5-1 trading plan adopted Sept 10, 2025; (F2) options were fully vested.
• Filing posted May 11, 2026 for the May 7 transactions; timeliness not indicated beyond the filing date.

Context
Because the exercise and sale occurred the same day and are covered by a pre-established 10b5-1 plan, this appears to be a routine, prearranged exercise-and-sell (often a cashless exercise) rather than an opportunistic market-timed trade. The derivative line at $0.00 reflects reporting of the option conversion/settlement and is not an independent cash sale. This transaction is informational; it does not by itself indicate management’s future view of the company.