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: Nelson Kimberly K. (EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-18	Common Stock	A	2300000	—	Acquired	2447002	Direct
2025-02-19	Common Stock	S	1498	$146.84	Disposed	2445504	Direct
2025-02-19	Common Stock	S	880	$148.4049	Disposed	2444624	Direct
2025-02-19	Common Stock	S	1356	$149.07	Disposed	2443268	Direct
2025-02-19	Common Stock	S	300	$150.0524	Disposed	2442968	Direct
2025-02-20	Common Stock	S	856	$144.0099	Disposed	2442112	Direct
2025-02-20	Common Stock	S	500	$144.542	Disposed	2441612	Direct
2025-02-20	Common Stock	S	100	$145.58	Disposed	2441512	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	435.313	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 20, 2024.

F3: Reflects the weighted average price of 1,498 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 19, 2025, with sales prices ranging from $146.51 to $147.44 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 880 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 19, 2025, with sales prices ranging from $147.71 to $148.695 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 1,356 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 19, 2025, with sales prices ranging from $148.72 to $149.39 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 19, 2025, with sales prices ranging from $149.94 to $150.18 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.

F7: Reflects the weighted average price of 856 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 $144.27 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 500 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 20, 2025, with sales prices ranging from $144.35 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.