4/A: SPS Commerce EVP & CFO Kimberly K. Nelson Corrects Previous SEC Filing, Reports Stock Sales
SEC Filing (Form 4/A)
Kimberly K. Nelson, EVP & CFO of SPS Commerce, filed an amended Form 4 with the SEC to correct previously reported amounts and disclose multiple sales of common stock executed under a Rule 10b5-1 trading plan.
Summary
- Kimberly K. Nelson, the EVP & CFO of SPS Commerce, filed an amended Form 4 with the SEC on February 28, 2025.
- This amendment corrects a previous filing from February 20, 2025, where the dollar value of equity awards was inadvertently reported instead of the number of units.
- The report details multiple sales of SPS Commerce common stock by Nelson on February 19, 2025, and February 20, 2025.
- These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 20, 2024.
- On February 18, 2025, Nelson acquired 15,730 shares of common stock.
- On February 19, 2025, Nelson sold 1,498 shares at a weighted average price of $146.84, 880 shares at $148.4049, 1,356 shares at $149.07, 300 shares at $150.0524.
- On February 19, 2025, Nelson sold 856 shares at a weighted average price of $144.0099, 500 shares at $144.542, and 100 shares at $145.58.
- Following these transactions, Nelson directly owns 157,242 shares of SPS Commerce common stock and indirectly owns 435.313 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
This filing is a routine disclosure related to insider trading activity. It's common for executives to utilize 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information. The filing itself doesn't necessarily indicate a positive or negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| May 20, 2024 | Date of adoption of Rule 10b5-1 trading plan. |
| February 18, 2025 | Date of acquisition of 15,730 shares of common stock. |
| February 19, 2025 | Date of multiple sales of common stock at varying prices. |
| February 20, 2025 | Original Form 4 filing date (amended). |
| February 20, 2025 | Date of multiple sales of common stock at varying prices. |
| February 28, 2025 | Date of amended Form 4 filing. |
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