Form 4: Tami Reller Executes Stock Option and Reports Beneficial Ownership Changes in SPS Commerce Inc.

Director Tami Reller exercised a stock option for 6,052 shares of SPS Commerce Inc. common stock at $29.15 per share on May 14, 2024, according to a Form 4 filing.

Summary

• Tami Reller, a director of SPS Commerce Inc., executed a stock option on May 14, 2024.
• The transaction involved the acquisition of 6,052 shares of common stock at a price of $29.15 per share.
• This exercise was related to a previously reported option that was adjusted due to a two-for-one stock split declared by SPS Commerce on July 25, 2019.
• Following the transaction, Reller directly owns 37,095 shares of SPS Commerce Inc.
• The stock option was fully vested and the transaction was reported via a Form 4 filing on May 16, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their transactions and holdings in the company's stock.

Stakeholder Impact

• The transaction increases Tami Reller's stake in SPS Commerce Inc., aligning her interests further with those of other shareholders.

Key Dates