McConnell Michael J 4

What Happened
Michael J. McConnell, a director of SPS Commerce (SPSC), was granted 3,736 restricted stock units (RSUs) on May 28, 2026. The grant is reported at $0.00 per share (grant value shown as $0 on the Form 4); actual payout value will depend on SPS Commerce’s stock price when the RSUs vest.

Key Details

• Transaction date: 2026-05-28; Transaction code: A (award/grant).
• Shares awarded: 3,736 RSUs; reported acquisition price: $0.00; reported aggregate value at grant: $0.
• Vesting: The RSUs vest in four equal installments on the last day of each fiscal quarter, with the first vesting on June 30, 2026, subject to continued board service (per footnote).
• Shares owned after the transaction: Not disclosed in this Form 4.
• Filing timeliness: Form 4 filed 2026-06-01; no late filing indicated.

Context
This is a standard director equity award (RSUs). RSU grants are not purchases or sales — they are compensation that convert to shares only as they vest, so their eventual value depends on the company’s stock price at vesting. No implication about buying or selling intent can be drawn from the grant itself.