SPS COMMERCE INC — Director's Dealing 2023

Feb 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2023-02-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-10	Common Stock	M	8717	$27.85	Acquired	151839	Direct
2023-02-10	Common Stock	S	6679	$146.3653	Disposed	145160	Direct
2023-02-10	Common Stock	S	1805	$147.3345	Disposed	143355	Direct
2023-02-10	Common Stock	S	233	$148.1124	Disposed	143122	Direct
2023-02-13	Common Stock	M	8657	$27.85	Acquired	151779	Direct
2023-02-13	Common Stock	S	3567	$146.5503	Disposed	148212	Direct
2023-02-13	Common Stock	S	5085	$147.5223	Disposed	143127	Direct
2023-02-13	Common Stock	S	5	$148.04	Disposed	143122	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-10	Stock Option (right to buy)	$27.85	M	8717	Disposed	2024-02-14	Common Stock (8717)	Direct
2023-02-13	Stock Option (right to buy)	$27.85	M	8657	Disposed	2024-02-14	Common Stock (8657)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	376.763	Indirect

Footnotes

F1: Sales and stock option exercises 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 6,679 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 10, 2023 with sales prices ranging from $145.98 to $146.96 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 1,805 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 10, 2023 with sales prices ranging from $147.00 to $147.98 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 233 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 10, 2023 with sales prices ranging from $148.05 to $148.40 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.

F5: Reflects the weighted average price of 3,567 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 13, 2023 with sales prices ranging from $145.99 to $146.90 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 5,085 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 13, 2023 with sales prices ranging from $147.03 to $148.02 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.