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: THINGELSTAD JAMIE (EVP, Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-18	Common Stock	A	1700000	—	Acquired	1727693	Direct
2025-02-19	Common Stock	S	906	$146.7423	Disposed	1726787	Direct
2025-02-19	Common Stock	S	910	$148.6503	Disposed	1725877	Direct
2025-02-19	Common Stock	S	400	$149.2413	Disposed	1725477	Direct
2025-02-20	Common Stock	S	555	$143.9947	Disposed	1724922	Direct
2025-02-20	Common Stock	S	185	$145.20	Disposed	1724737	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	407.052	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 September 5, 2024.

F3: Reflects the weighted average price of 906 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 $147.07 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.

F4: Reflects the weighted average price of 910 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 19, 2025, with sales prices ranging from $148.14 to $148.93 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 400 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 19, 2025, with sales prices ranging from $149.18 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 555 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 20, 2025, with sales prices ranging from $143.64 to $144.49 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 185 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 20, 2025, with sales prices ranging from $144.79 to $145.61 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.