SPS COMMERCE INC — Director's Dealing 2023

Feb 24, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2023-02-22

Reporting Person: Black Archie C. (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-22	Common Stock	S	6663	$146.1213	Disposed	71053	Direct
2023-02-22	Common Stock	S	5470	$147.1288	Disposed	65583	Direct
2023-02-22	Common Stock	S	3115	$148.0688	Disposed	62468	Direct
2023-02-22	Common Stock	S	1800	$149.0615	Disposed	60668	Direct
2023-02-22	Common Stock	S	300	$150.0529	Disposed	60368	Direct
2023-02-22	Common Stock	S	300	$151.18	Disposed	60068	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	380.125	Indirect
Common Stock	400	Indirect
Common Stock	400	Indirect
Common Stock	400	Indirect
Common Stock	400	Indirect

Footnotes

F1: Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 20, 2022.

F2: Reflects the weighted average price of 6,663 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 22, 2023 with sales prices ranging from $145.59 to $146.58 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 5,470 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 22, 2023 with sales prices ranging from $146.62 to $147.58 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 3,115 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 22, 2023 with sales prices ranging from $147.62 to $148.50 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: Reflects the weighted average price of 1,800 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 22, 2023 with sales prices ranging from $148.62 to $149.43 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 300 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 22, 2023 with sales prices ranging from $150.02 to $150.40 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.