SPS COMMERCE INC — Director's Dealing 2023

May 31, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2023-05-26

Reporting Person: Nelson Kimberly K. (EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-26	Common Stock	M	5190	$27.85	Acquired	153924	Direct
2023-05-26	Common Stock	S	5078	$163.3685	Disposed	148846	Direct
2023-05-26	Common Stock	S	112	$164.2242	Disposed	148734	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-26	Stock Option (right to buy)	$27.85	M	5190	Disposed	2024-02-14	Common Stock (5190)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	405.425	Indirect

Footnotes

F1: Stock option exercise and sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 26, 2022.

F2: Reflects the weighted average price of 5,078 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on May 26, 2023 with sales prices ranging from $163.05 to $164.00 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 112 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on May 26, 2023 with sales prices ranging from $164.05 to $164.24 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.