Kimberly K. Nelson - Dec 2, 2022 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Role
EVP & CFO
Signature
/s/ Jonathan R. Zimmerman, attorney-in-fact for Kimberly K. Nelson
Stock symbol
SPSC
Transactions as of
Dec 2, 2022
Transactions value $
-$298,824
Form type
4
Date filed
12/6/2022, 04:45 PM
Previous filing
Jun 15, 2022
Next filing
Jan 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Options Exercise $70.3K +2.53K +2% $27.85 129K Dec 2, 2022 Direct F1, F2, F3
transaction SPSC Common Stock Sale -$369K -2.53K -1.96% $146.15 126K Dec 2, 2022 Direct F1, F4
holding SPSC Common Stock 372 Dec 2, 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 -2.53K -7.86% $0.00 29.6K Dec 2, 2022 Common Stock 2.53K $27.85 Direct F1, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Sales and stock option exercises effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 26, 2022.
F2 On July 25, 2019, the issuer announced that its board of directors declared a two-for-one stock split of the Common Stock of the issuer, effected in the form of a 100 percent stock dividend as of the record date on August 8, 2019. The stock split dividend was distributed on August 22, 2019, and at that time pursuant to anti-dilution provisions of the issuer's 2010 Equity Incentive Plan, an option for 16,065 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 32,130 shares of Common Stock.
F3 This option was previously reported as an option for 16,065 shares of Common Stock at an exercise price of $55.70 per share, but was adjusted to reflect the stock dividend declared by the issuer on July 25, 2019.
F4 Reflects the weighted average price of 2,526 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on December 2, 2022 with sales prices ranging from $145.98 to $146.49 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.
F5 Fully vested.