SPS COMMERCE INC — Director's Dealing 2023

Feb 21, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2023-02-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-16	Common Stock	A	10911	$0.00	Acquired	154033	Direct
2023-02-17	Common Stock	S	905	$152.0246	Disposed	153128	Direct
2023-02-17	Common Stock	S	235	$153.0027	Disposed	152893	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	376.693	Indirect

Footnotes

F1: RSU awards vest as to 25% of the units on February 16, 2024. The remaining units vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on the March 16, 2024).

F2: Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 26, 2022.

F3: Reflects the weighted average price of 905 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 17, 2023 with sales prices ranging from $151.30 to $152.29 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 235 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 17, 2023 with sales prices ranging from $152.53 to $153.36 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.