SPS COMMERCE INC — Director's Dealing 2023

Jun 9, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2023-06-07

Reporting Person: Frome James J. (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-07	Common Stock	M	3772	$54.54	Acquired	38104	Direct
2023-06-07	Common Stock	S	400	$166.7425	Disposed	37704	Direct
2023-06-07	Common Stock	S	500	$168.2483	Disposed	37204	Direct
2023-06-07	Common Stock	S	1484	$169.3267	Disposed	35720	Direct
2023-06-07	Common Stock	S	620	$170.2139	Disposed	35100	Direct
2023-06-07	Common Stock	S	768	$171.3903	Disposed	34332	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-06-07	Employee Stock Option (right to buy)	$54.54	M	3772	Disposed	2026-02-19	Common Stock (3772)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	405.186	Indirect

Footnotes

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

F2: Reflects the weighted average price of 400 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on June 7, 2023 with sales prices ranging from $166.52 to $167.39 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 500 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on June 7, 2023 with sales prices ranging from $167.70 to $168.66 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 1,484 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on June 7, 2023 with sales prices ranging from $168.73 to $169.64 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 620 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on June 7, 2023 with sales prices ranging from $169.75 to $170.69 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 768 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on June 7, 2023 with sales prices ranging from $170.79 to $171.52 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: Fully vested.