Form 4: SPS Commerce Director Gaurav Razat Acquires Stock Options
SEC Form 4
Director Gaurav Razat acquired stock options in SPS Commerce Inc. on May 1, 2025.
Summary
- On May 1, 2025, Gaurav Razat, a director of SPS Commerce Inc., acquired 3,648 stock options at a price of $142.09.
- These options vest in equal monthly installments over three years, starting March 1, 2025, contingent upon Razat remaining on the Issuer's board.
- Following the transaction, Razat directly owns 3,648 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock option grants, and does not inherently indicate positive or negative sentiment.
Future Outlook
The stock options vest over a three-year period, contingent on Razat's continued service as a board member.
Industry Context
This is a standard Form 4 filing, indicating a change in beneficial ownership by a company insider. Such filings are common and provide transparency into the transactions of company directors and officers.
Stakeholder Impact
- The acquisition of stock options by a director can be seen as a positive sign, aligning the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| March 1, 2025 | Vesting of stock options commences. |
| May 1, 2025 | Date of transaction: Gaurav Razat acquired stock options. |
| May 1, 2032 | Expiration date of the stock options. |
| May 5, 2025 | Date of signature on the Form 4 filing. |
Keywords
stock options, Form 4, SPS Commerce, director, Razat, acquisition, vesting
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