SPS COMMERCE INC — Director's Dealing 2022

Dec 2, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2022-11-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-11-30	Common Stock	M	1707	$27.34	Acquired	57979	Direct
2022-11-30	Common Stock	S	1707	$135.1571	Disposed	56272	Direct
2022-12-01	Common Stock	M	24668	$27.34	Acquired	80940	Direct
2022-12-01	Common Stock	S	24668	$145.4512	Disposed	56272	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-11-30	Stock Option (right to buy)	$27.34	M	1707	Disposed	2025-02-13	Common Stock (1707)	Direct
2022-12-01	Stock Option (right to buy)	$27.34	M	24668	Disposed	2025-02-13	Common Stock (24668)	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	373.672	Indirect

Footnotes

F1: Stock option exercise and sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 18, 2022.

F2: Reflects the weighted average price of 1,707 shares of Common Stock of the issuer sold by the reporting person in multiple transactions on November 30, 2022 with sales prices ranging from $135.00 to $135.31 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.

F3: Reflects the weighted average price of 24,668 shares of Common Stock of the issuer sold by the reporting person in multiple transactions on December 1, 2022 with sales prices ranging from $145.00 to $145.78 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: Fully vested.