SORAN PHILIP 4

What Happened

• Philip Soran, a director of SPS Commerce (SPSC), was granted 3,736 restricted stock units (RSUs) on May 28, 2026. The Form 4 reports an acquisition price of $0.00 (i.e., a non-cash award). This is an equity compensation grant (not a purchase or sale).

Key Details

• Transaction date: 2026-05-28; Form 4 filed: 2026-06-01.
• Grant: 3,736 RSUs recorded at $0.00 per share in the filing.
• Shares owned after transaction: not specified in the provided report.
• Footnote: RSUs vest in four equal installments on the last day of each fiscal quarter, with the first vesting on June 30, 2026, provided Soran remains a board member as of each vesting date.
• No indication in the summary that this was a sale, exercise, or a 10b5-1 plan transaction.

Context

• RSU awards are common board compensation and are granted without cash payment; they typically convert to shares only upon vesting. Such grants are routine and do not by themselves indicate the insider’s intent to buy or sell stock.