SPS COMMERCE INC — Director's Dealing 2025

Feb 20, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2025-02-18

Reporting Person: Collins Chadwick (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-18	Common Stock	A	5218500	—	Acquired	5272946	Direct
2025-02-19	Common Stock	S	1028	$146.7384	Disposed	5271918	Direct
2025-02-19	Common Stock	S	312	$147.9723	Disposed	5271606	Direct
2025-02-19	Common Stock	S	1300	$148.9585	Disposed	5270306	Direct
2025-02-19	Common Stock	S	200	$150.01	Disposed	5270106	Direct
2025-02-20	Common Stock	S	1062	$143.9232	Disposed	5269044	Direct
2025-02-20	Common Stock	S	510	$144.5571	Disposed	5268534	Direct
2025-02-20	Common Stock	S	100	$145.58	Disposed	5268434	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27.57	Indirect

Footnotes

F1: Restricted Stock Unit award that vests as to 25% of the units on each anniversary of the date of the grant.

F2: Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 29, 2024.

F3: Reflects the weighted average price of 1,028 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 19, 2025, with sales prices ranging from $146.53 to $147.48 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 312 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 19, 2025, with sales prices ranging from $147.53 to $148.26 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 1,300 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 19, 2025, with sales prices ranging from $148.55 to $149.31 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 200 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 19, 2025, with sales prices ranging from $150.00 to $150.02 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: Reflects the weighted average price of 1,062 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 20, 2025, with sales prices ranging from $143.33 to $144.20 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.

F8: Reflects the weighted average price of 510 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 20, 2025, with sales prices ranging from $144.34 to $144.96 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.