SPS COMMERCE INC — Director's Dealing 2025

May 5, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2025-05-01

Reporting Person: Gaurav Razat (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-05-01	Stock Option (right to buy)	$142.09	A	3648	Acquired	2032-05-01	Common Stock (3648)	Direct

Footnotes

F1: This option vests in equal monthly installments over three years commencing on March 1, 2025, provided the recipient remains a member of the Issuer board of directors as of the vesting date.