Archie C. Black - Nov 15, 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
Nov 15, 2022
Transactions value $
-$922,175
Form type
4
Date filed
11/17/2022, 04:25 PM
Previous filing
Nov 15, 2022
Next filing
Dec 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Options Exercise $233K +8.53K +15.16% $27.34 64.8K Nov 15, 2022 Direct F1
transaction SPSC Common Stock Sale -$963K -7.12K -10.98% $135.29 57.7K Nov 15, 2022 Direct F1, F2
transaction SPSC Common Stock Sale -$193K -1.42K -2.45% $136.27 56.3K Nov 15, 2022 Direct F1, F3
holding SPSC Common Stock 400 Nov 15, 2022 By Son I
holding SPSC Common Stock 400 Nov 15, 2022 By Son II
holding SPSC Common Stock 400 Nov 15, 2022 By Son III
holding SPSC Common Stock 400 Nov 15, 2022 By Son IV
holding SPSC Common Stock 374 Nov 15, 2022 By 401(k) Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPSC Stock Option (right to buy) Options Exercise $0 -8.53K -24.44% $0.00 26.4K Nov 15, 2022 Common Stock 8.53K $27.34 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock option exercise and sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 18, 2022.
F2 Reflects the weighted average price of 7,115 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 15, 2022 with sales prices ranging from $135.00 to $135.98 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.
F3 Reflects the weighted average price of 1,415 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 15, 2022 with sales prices ranging from $136.01 to $136.61 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.
F4 Fully vested.