SPS COMMERCE INC — Director's Dealing 2023

Feb 1, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2023-01-30

Reporting Person: Frome James J. (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-30	Common Stock	S	4313	$132.9766	Disposed	47089	Direct
2023-01-30	Common Stock	S	3639	$133.6885	Disposed	43450	Direct
2023-01-30	Common Stock	S	2416	$134.5414	Disposed	41034	Direct
2023-01-30	Common Stock	S	200	$135.87	Disposed	40834	Direct
2023-01-31	Common Stock	S	2082	$134.731	Disposed	38752	Direct
2023-01-31	Common Stock	S	3368	$135.4922	Disposed	35384	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	375.202	Indirect

Footnotes

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

F2: Reflects the weighted average price of 4,313 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 30, 2023 with sales prices ranging from $132.19 to $133.17 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 3,639 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 30, 2023 with sales prices ranging from $133.19 to $134.18 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 2,416 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 30, 2023 with sales prices ranging from $134.19 to $135.07 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 2,082 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 31, 2023 with sales prices ranging from $134.11 to $135.09 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 3,368 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 31, 2023 with sales prices ranging from $135.11 to $135.87 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.