Kimberly K. Nelson - 25 Jan 2023 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Role
EVP & CFO
Signature
/s/ Jonathan R. Zimmerman, attorney-in-fact for Kimberly K. Nelson
Issuer symbol
SPSC
Transactions as of
25 Jan 2023
Net transactions value
-$1,657,880
Form type
4
Filing time
27 Jan 2023, 17:35:20 UTC
Previous filing
06 Dec 2022
Next filing
07 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 +23% $0.000000 155,222 25 Jan 2023 Direct F1
transaction SPSC Common Stock Sale $244,377 -1,800 -1.2% $135.77 153,422 26 Jan 2023 Direct F2, F3
transaction SPSC Common Stock Sale $510,041 -3,729 -2.4% $136.78 149,693 26 Jan 2023 Direct F2, F4
transaction SPSC Common Stock Sale $37,358 -271 -0.18% $137.85 149,422 26 Jan 2023 Direct F2, F5
transaction SPSC Common Stock Sale $27,883 -200 -0.13% $139.42 149,222 26 Jan 2023 Direct F2, F6
transaction SPSC Common Stock Sale $96,410 -711 -0.48% $135.60 148,511 27 Jan 2023 Direct F2, F7
transaction SPSC Common Stock Sale $188,058 -1,376 -0.93% $136.67 147,135 27 Jan 2023 Direct F2, F8
transaction SPSC Common Stock Sale $286,832 -2,085 -1.4% $137.57 145,050 27 Jan 2023 Direct F2, F9
transaction SPSC Common Stock Sale $266,921 -1,928 -1.3% $138.44 143,122 27 Jan 2023 Direct F2, F10
holding SPSC Common Stock 374 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 May 26, 2022.
F3 Reflects the weighted average price of 1,800 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 26, 2023 with sales prices ranging from $135.35 to $136.21 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 3,729 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 26, 2023 with sales prices ranging from $136.47 to $137.40 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 271 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 26, 2023 with sales prices ranging from $137.49 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.
F6 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.
F7 Reflects the weighted average price of 711 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2023 with sales prices ranging from $135.04 to $136.03 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.
F8 Reflects the weighted average price of 1,376 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2023 with sales prices ranging from $136.04 to $137.01 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 2,085 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2023 with sales prices ranging from $137.06 to $138.03 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.
F10 Reflects the weighted average price of 1,928 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2023 with sales prices ranging from $138.06 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.