SPS COMMERCE INC — Director's Dealing 2021

Feb 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2021-02-19

Reporting Person: Frome James J. (EVP & Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-19	Common Stock	A	11646	$0.00	Acquired	63980	Direct
2021-02-22	Common Stock	S	1406	$109.4415	Disposed	62574	Direct
2021-02-23	Common Stock	S	1374	$106.0281	Disposed	61200	Direct
2021-02-23	Common Stock	S	301	$106.7687	Disposed	60899	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	300.073	Indirect

Footnotes

F1: RSU awards vest as to 25% of the units on February 19, 2022. The remaining units vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on the March 19, 2022).

F2: Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2020.

F3: Reflects the weighted average price of 1,406 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 22, 2021 with sales prices ranging from $109.10 to $109.93 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 1,374 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 23, 2021 with sales prices ranging from $105.40 to $106.31 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 301 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 22, 2021 with sales prices ranging from $106.49 to $106.86 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.