SPS COMMERCE INC — Director's Dealing 2023

Nov 16, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2023-11-14

Reporting Person: SORAN PHILIP (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-14	Common Stock	M	3026	$29.15	Acquired	21413	Direct
2023-11-14	Common Stock	S	876	$175.8999	Disposed	20537	Direct
2023-11-14	Common Stock	S	1850	$176.7014	Disposed	18687	Direct
2023-11-14	Common Stock	S	300	$177.48	Disposed	18387	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-11-14	Stock Option (right to buy)	$29.15	M	3026	Disposed	2024-05-23	Common Stock (3026)	Direct

Footnotes

F1: Stock option exercise and sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 8, 2023.

F2: Reflects the weighted average price of 876 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 14, 2023 with sales prices ranging from $175.29 to $176.27 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 1,850 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 14, 2023 with sales prices ranging from $176.37 to $177.01 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 300 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 14, 2023 with sales prices ranging from $177.47 to $177.50 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: Fully vested.