SPS COMMERCE INC — Director's Dealing 2023

Mar 8, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2023-03-06

Reporting Person: Reller Tami (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-06	Common Stock	M	6792	$26.14	Acquired	17316	Direct
2023-03-06	Common Stock	M	13142	$26.14	Acquired	30458	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-06	Stock Option (right to buy)	$26.14	M	6792	Disposed	2023-05-18	Common Stock (6792)	Direct
2023-03-06	Stock Option (right to buy)	$26.14	M	13142	Disposed	2023-05-18	Common Stock (13142)	Direct

Footnotes

F1: On July 25, 2019, the Issuer announced that its board of directors declared a two-for-one stock split of the Common Stock of the Issuer, effected in the form of a 100 percent stock dividend as of the record date on August 8, 2019. The stock split dividend was distributed on August 22, 2019, and at that time pursuant to anti-dilution provisions of the Issuer's 2010 Equity Incentive Plan, an option for 3,396 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 6,792 shares of Common Stock.

F2: This option was previously reported as an option for 3,396 shares of Common Stock at an exercise price of $52.27 per share, but was adjusted to reflect the stock dividend declared by the Issuer on July 25, 2019.

F3: On July 25, 2019, the Issuer announced that its board of directors declared a two-for-one stock split of the Common Stock of the Issuer, effected in the form of a 100 percent stock dividend as of the record date on August 8, 2019. The stock split dividend was distributed on August 22, 2019, and at that time pursuant to anti-dilution provisions of the Issuer's 2010 Equity Incentive Plan, an option for 6,571 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 13,142 shares of Common Stock.

F4: This option was previously reported as an option for 6,571 shares of Common Stock at an exercise price of $52.27 per share, but was adjusted to reflect the stock dividend declared by the Issuer on July 25, 2019.

F5: Fully vested.