James J. Frome - 25 Jan 2023 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Signature
/s/ Jonathan R. Zimmerman, attorney-in-fact for James J. Frome
Issuer symbol
SPSC
Transactions as of
25 Jan 2023
Net transactions value
-$1,755,136
Form type
4
Filing time
27 Jan 2023, 17:33:13 UTC
Previous filing
02 Mar 2022
Next filing
01 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Award $0 +28,834 +81% $0.000000 64,218 25 Jan 2023 Direct F1
transaction SPSC Common Stock Sale $81,206 -600 -0.93% $135.34 63,618 26 Jan 2023 Direct F2, F3
transaction SPSC Common Stock Sale $285,875 -2,100 -3.3% $136.13 61,518 26 Jan 2023 Direct F2, F4
transaction SPSC Common Stock Sale $377,882 -2,760 -4.5% $136.91 58,758 26 Jan 2023 Direct F2, F5
transaction SPSC Common Stock Sale $33,144 -240 -0.41% $138.10 58,518 26 Jan 2023 Direct F2, F6
transaction SPSC Common Stock Sale $27,883 -200 -0.34% $139.42 58,318 26 Jan 2023 Direct F2, F7
transaction SPSC Common Stock Sale $157,373 -1,159 -2% $135.78 57,159 27 Jan 2023 Direct F2, F8
transaction SPSC Common Stock Sale $355,659 -2,600 -4.5% $136.79 54,559 27 Jan 2023 Direct F2, F9
transaction SPSC Common Stock Sale $265,720 -1,927 -3.5% $137.89 52,632 27 Jan 2023 Direct F2, F10
transaction SPSC Common Stock Sale $170,394 -1,230 -2.3% $138.53 51,402 27 Jan 2023 Direct F2, F11
holding SPSC Common Stock 373 25 Jan 2023 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 21, 2020, 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 2020-2022. As determined on January 25, 2023, 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 June 10, 2022.
F3 Reflects the weighted average price of 600 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 26, 2023 with sales prices ranging from $134.62 to $135.56 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 2,100 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 26, 2023 with sales prices ranging from $135.65 to $136.60 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 2,760 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 26, 2023 with sales prices ranging from $136.70 to $137.61 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.
F6 Reflects the weighted average price of 240 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 26, 2023 with sales prices ranging from $137.74 to $138.35 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 200 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 26, 2023 with sales prices ranging from $139.40 to $139.43 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 1,159 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2023 with sales prices ranging from $135.13 to $136.12 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.
F9 Reflects the weighted average price of 2,600 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2023 with sales prices ranging from $136.21 to $137.12 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.
F10 Reflects the weighted average price of 1,927 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2023 with sales prices ranging from $137.32 to $138.27 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.
F11 Reflects the weighted average price of 1,230 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2023 with sales prices ranging from $138.35 to $138.76 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.