Chima Fumbi F. 4

What Happened
Chima Fumbi F., a director of SPS Commerce Inc. (SPSC), was granted 3,736 restricted stock units (RSUs) on 2026-05-28. The Form 4 reports the award with an acquisition price of $0.00 (transaction code A), so no cash was paid for the award. The filing lists the grant amount (3,736 RSUs) but does not report a cash value on the Form 4.

Key Details

• Transaction date: 2026-05-28 (grant). Filing date: 2026-06-01 — appears timely (filed within the required two business days).
• Security: 3,736 restricted stock units (RSUs). Reported price: $0.00 (award).
• Shares owned after the transaction: not specified in the provided filing.
• Footnote: RSUs vest in four equal installments on the last day of each fiscal quarter, with the first vesting on June 30, 2026, provided the recipient remains a board member.

Context
An RSU award is an equity grant that converts to common stock only when vesting conditions are met; it is an acquisition-type transaction but not an open-market purchase. Such awards are common for board compensation and do not by themselves indicate the insider’s short-term buying or selling intent.