Neuberger Berman Group LLC and Neuberger Berman Investment Advisers LLC filed a Schedule 13G with the SEC on November 13, 2026, disclosing beneficial ownership positions in SPS Commerce Inc (NASDAQ:SPSC) as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Neuberger Berman Group LLC reported beneficial ownership of 2,172,669 shares of SPS Commerce common stock, representing 6.0% of the class.
  • Neuberger Berman Investment Advisers LLC: Reported beneficial ownership of 2,132,663 shares, representing 5.9% of the class.
  • Shared voting power (Group LLC): 2,046,728 shares; sole voting power reported as 0.
  • Shared dispositive power (Group LLC): 2,172,669 shares; sole dispositive power reported as 0.
  • Triggering event date: September 30, 2026, as stated in the filing.
  • Beneficial ownership disclaimed: Each reporting entity disclaimed beneficial ownership of the covered securities pursuant to Exchange Act Rule 13d-4.

Neuberger Berman's Reported Holdings in SPS Commerce as of September 30, 2026

According to the filing, Neuberger Berman Group LLC, a Delaware-organized holding company, reported aggregate beneficial ownership of 2,172,669 shares of SPS Commerce Inc common stock (CUSIP: 78463M107), equal to 6.0% of the class. The filing states that Neuberger Berman Group LLC holds shared voting power over 2,046,728 shares and shared dispositive power over all 2,172,669 shares, with sole voting and sole dispositive power each reported as zero.

Neuberger Berman Investment Advisers LLC, identified as an investment adviser and a subsidiary within the Neuberger Berman Group LLC structure, separately reported beneficial ownership of 2,132,663 shares, or 5.9% of the class, with shared voting power over 2,007,652 shares and shared dispositive power over 2,132,663 shares. The filing explains that Neuberger Berman Group LLC controls Neuberger Berman Investment Advisers LLC through its subsidiaries Neuberger Berman Investment Advisers Holdings LLC and Neuberger Trust Holdings LLC, among other entities. The filing also notes that securities potentially owned by NB Alternatives Advisers LLC and other subsidiaries separated by an information barrier are not reflected in this report.

The filing states that the clients of Neuberger Berman entities "have the sole right to receive and the power to direct the receipt of dividends from or proceeds from the sale of such securities," and that no single client other than those named holds more than 5% of the issuer. Each reporting person certified that the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer." The filing was signed by Brad Cetron, Managing Director, on November 13, 2026.

What Was Disclosed

Neuberger Berman Group LLC and Neuberger Berman Investment Advisers LLC filed a Schedule 13G reporting beneficial ownership of 2,172,669 and 2,132,663 shares of SPS Commerce common stock, respectively, as of September 30, 2026, with all voting and dispositive power held on a shared basis.