THINGELSTAD JAMIE 4

What Happened

• Jamie Thingelstad, EVP and Chief Technology Officer of SPS Commerce (SPSC), was granted 39,433 restricted stock units (RSUs) on May 8, 2026. The Form 4 reports an acquisition price of $0.00, consistent with a compensation award rather than a purchase — no immediate cash outlay or sale occurred.

Key Details

• Transaction date: 2026-05-08; Form 4 filed: 2026-05-11 (filed within the SEC timeliness window).
• Grant: 39,433 RSUs @ $0.00 acquisition price (award).
• Shares owned after the transaction: not specified in the reported Form 4.
• Footnote: F1 — RSU award vests 25% on each anniversary of the grant date (implies a four-year vesting schedule).
• No 10b5-1 plan, tax-withholding sale, or other special instructions are disclosed in this filing.

Context

• RSU grants are a common form of executive compensation and do not necessarily signal immediate bullish or bearish trading intent; they typically align executive incentives with shareholder value over the vesting period.
• Because these units vest over time (25% per year), the economic benefit is realized gradually as vesting occurs and any vested shares can then be sold or held according to company policies and trading-window rules.