SPS COMMERCE INC — Director's Dealing 2021

Nov 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2021-11-10

Reporting Person: Black Archie C. (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-10	Common Stock	M	46803	$27.85	Acquired	112266	Direct
2021-11-10	Common Stock	S	27548	$139.9664	Disposed	84718	Direct
2021-11-10	Common Stock	S	12995	$140.8672	Disposed	71723	Direct
2021-11-10	Common Stock	S	1867	$141.8175	Disposed	69856	Direct
2021-11-10	Common Stock	S	3100	$143.0106	Disposed	66756	Direct
2021-11-10	Common Stock	S	1293	$143.5923	Disposed	65463	Direct
2021-11-11	Common Stock	M	4249	$27.85	Acquired	69712	Direct
2021-11-11	Common Stock	S	700	$139.5907	Disposed	69012	Direct
2021-11-11	Common Stock	S	1502	$141.195	Disposed	67510	Direct
2021-11-11	Common Stock	S	700	$141.7872	Disposed	66810	Direct
2021-11-11	Common Stock	S	1347	$142.9308	Disposed	65463	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-10	Employee Stock Option (right to buy)	$27.85	M	46803	Disposed	2024-02-14	Common Stock (46803)	Direct
2021-11-11	Employee Stock Option (right to buy)	$27.85	M	4249	Disposed	2024-02-14	Common Stock (4249)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	400	Indirect
Common Stock	400	Indirect
Common Stock	400	Indirect
Common Stock	400	Indirect
Common Stock	338.097	Indirect

Footnotes

F1: Stock option exercise and sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 3, 2021.

F2: Reflects the weighted average price of 27,548 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 10, 2021 with sales prices ranging from $139.41 to $140.40 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.

F3: Reflects the weighted average price of 12,995 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 10, 2021 with sales prices ranging from $140.41 to $141.40 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.

F4: Reflects the weighted average price of 1,867 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 10, 2021 with sales prices ranging from $141.42 to $142.35 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.

F5: Reflects the weighted average price of 3,100 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 10, 2021 with sales prices ranging from $142.48 to $143.41 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.

F6: Reflects the weighted average price of 1,293 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 10, 2021 with sales prices ranging from $143.48 to $144.07 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.

F7: Reflects the weighted average price of 700 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 11, 2021 with sales prices ranging from $139.25 to $139.91 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.

F8: Reflects the weighted average price of 1,502 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 11, 2021 with sales prices ranging from $140.45 to $141.42 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price

F9: Reflects the weighted average price of 700 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 11, 2021 with sales prices ranging from $141.50 to $142.38 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price

F10: Reflects the weighted average price of 1,347 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 11, 2021 with sales prices ranging from $142.64 to $143.28 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price

F11: Fully vested.