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

Signature
/s/ Jonathan R. Zimmerman, Attorney-in-Fact for Archie C. Black
Issuer symbol
SPSC
Transactions as of
26 Jan 2022
Net transactions value
-$2,534,779
Form type
4
Filing time
28 Jan 2022, 15:14:41 UTC
Previous filing
12 Nov 2021
Next filing
18 Feb 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Award $0 +22,004 +34% $0.000000 87,467 26 Jan 2022 Direct F1
transaction SPSC Common Stock Sale $740,112 -6,512 -7.4% $113.65 80,955 27 Jan 2022 Direct F2, F3
transaction SPSC Common Stock Sale $648,952 -5,667 -7% $114.51 75,288 27 Jan 2022 Direct F2, F4
transaction SPSC Common Stock Sale $523,671 -4,532 -6% $115.55 70,756 27 Jan 2022 Direct F2, F5
transaction SPSC Common Stock Sale $244,668 -2,097 -3% $116.68 68,659 27 Jan 2022 Direct F2, F6
transaction SPSC Common Stock Sale $211,180 -1,796 -2.6% $117.58 66,863 27 Jan 2022 Direct F2, F7
transaction SPSC Common Stock Sale $166,196 -1,400 -2.1% $118.71 65,463 27 Jan 2022 Direct F2, F8
holding SPSC Common Stock 400 26 Jan 2022 By Son I
holding SPSC Common Stock 400 26 Jan 2022 By Son II
holding SPSC Common Stock 400 26 Jan 2022 By Son III
holding SPSC Common Stock 400 26 Jan 2022 By Son IV
holding SPSC Common Stock 340 26 Jan 2022 By 401(k) Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.