SPS COMMERCE INC — Director's Dealing 2021

May 21, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2021-05-19

Reporting Person: WEHRWEIN SVEN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-19	Common Stock	A	910	$0.00	Acquired	16820	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-19	Stock Option (right to buy)	$93.40	A	2778	Acquired	2028-05-19	Common Stock (2778)	Direct

Footnotes

F1: The deferred stock units will vest in four equal installments on the last day of each fiscal quarter with the first vesting occurring on June 30, 2021, provided the reporting person remains a member of the board as of the vesting date. The deferred stock units must be retained until completion of the reporting person's service on the board, and upon completion of such service, convert into an equal number of shares of our common stock. The reporting person may defer receipt of the shares for up to ten years after completion of service.

F2: This option shall vest in four equal installments on the last day of each fiscal quarter with the first vesting occurring on June 30, 2021, provided the reporting person remains a member of the board as of the vesting date.