Archie C. Black - Jan 26, 2022 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Role
CEO, Director
Signature
/s/ Jonathan R. Zimmerman, Attorney-in-Fact for Archie C. Black
Stock symbol
SPSC
Transactions as of
Jan 26, 2022
Transactions value $
-$2,534,779
Form type
4
Date filed
1/28/2022, 03:14 PM
Previous filing
Nov 12, 2021
Next filing
Feb 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Award $0 +22 K +33.61% $0.00 87.5 K Jan 26, 2022 Direct F1
transaction SPSC Common Stock Sale -$740 K -6.51 K -7.45% $113.65 81 K Jan 27, 2022 Direct F2, F3
transaction SPSC Common Stock Sale -$649 K -5.67 K -7% $114.51 75.3 K Jan 27, 2022 Direct F2, F4
transaction SPSC Common Stock Sale -$524 K -4.53 K -6.02% $115.55 70.8 K Jan 27, 2022 Direct F2, F5
transaction SPSC Common Stock Sale -$245 K -2.1 K -2.96% $116.68 68.7 K Jan 27, 2022 Direct F2, F6
transaction SPSC Common Stock Sale -$211 K -1.8 K -2.62% $117.58 66.9 K Jan 27, 2022 Direct F2, F7
transaction SPSC Common Stock Sale -$166 K -1.4 K -2.09% $118.71 65.5 K Jan 27, 2022 Direct F2, F8
holding SPSC Common Stock 400 Jan 26, 2022 By Son I
holding SPSC Common Stock 400 Jan 26, 2022 By Son II
holding SPSC Common Stock 400 Jan 26, 2022 By Son III
holding SPSC Common Stock 400 Jan 26, 2022 By Son IV
holding SPSC Common Stock 340 Jan 26, 2022 By 401(k) Plan

Explanation of Responses:

Id Content
F1 On February 19, 2019, the reporting person was granted performance stock units ("PSUs"), with the number of PSUs earned to be determined based on the extent to which certain performance conditions were achieved for a three-year performance period of 2019-2021. As determined on January 26, 2022, based on actual performance, the reporting person earned the number of PSUs indicated, which PSUs were fully vested on that date.
F2 Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 3, 2021.
F3 Reflects the weighted average price of 6,512 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2022 with sales prices ranging from $113.03 to $113.94 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 5,667 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2022 with sales prices ranging from $114.05 to $115.03 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 4,532 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2022 with sales prices ranging from $115.11 to $116.09 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 2,097 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2022 with sales prices ranging from $116.205 to $117.18 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 1,796 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2022 with sales prices ranging from $117.21 to $118.19 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 1,400 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2022 with sales prices ranging from $118.31 to $119.00 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.