Latest filing published 24 Feb 2026 for SPS COMMERCE INC. Read the official filing
Across 4 buy signals with a settled T+90 return. Return basis: close on the day after publication.
Michael J. McConnell, listed as board member, has filed trades across 4 companies (mainly through SEC (Form 4)), most often in OneSpan Inc., Vonage Holdings Corp and PowerFleet, Inc. Over a trading history stretching from 1 July 2021 to 20 February 2026, the count stands at 21 filings.
Market trades split into 8 purchases (€467k) and 2 sales (€1.2M). The net balance comes to €736k on the selling side. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. The rest of the record consists of 5 share grants and 5 option exercises.
Half of the purchases are above €54k and half below. Of 8 purchases, 5 formed part of a group of insiders buying within 30 days of each other. Purchases made close together by different insiders form what is called a cluster.
On 24 February 2026 came the latest disclosure, a share grant in SPS Commerce Inc. The latest purchase dates back some time: it was published 347 days ago, on 5 November 2025. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 4 days. The legal deadline for a Form 4 is two business days after the transaction. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
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