Archie C. Black - Feb 16, 2023 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Signature
/s/ Jonathan R. Zimmerman, Attorney-in-Fact for Archie C. Black
Stock symbol
SPSC
Transactions as of
Feb 16, 2023
Transactions value $
-$736,444
Form type
4
Date filed
2/21/2023, 04:03 PM
Previous filing
Feb 6, 2023
Next filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Award $0 +26.3K +46.74% $0.00 82.6K Feb 16, 2023 Direct F1
transaction SPSC Common Stock Sale -$29.9K -200 -0.24% $149.43 82.4K Feb 17, 2023 Direct F2, F3
transaction SPSC Common Stock Sale -$151K -1K -1.21% $150.75 81.4K Feb 17, 2023 Direct F2, F4
transaction SPSC Common Stock Sale -$359K -2.37K -2.91% $151.79 79K Feb 17, 2023 Direct F2, F5
transaction SPSC Common Stock Sale -$191K -1.25K -1.59% $152.43 77.8K Feb 17, 2023 Direct F2, F6
transaction SPSC Common Stock Sale -$5.83K -38 -0.05% $153.29 77.7K Feb 17, 2023 Direct F2
holding SPSC Common Stock 400 Feb 16, 2023 By Son I
holding SPSC Common Stock 400 Feb 16, 2023 By Son II
holding SPSC Common Stock 400 Feb 16, 2023 By Son III
holding SPSC Common Stock 400 Feb 16, 2023 By Son IV
holding SPSC Common Stock 380 Feb 16, 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 RSU awards vest as to 25% of the units on February 16, 2024. The remaining units vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on the March 16, 2024).
F2 Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 20, 2022.
F3 Reflects the weighted average price of 200 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 17, 2023 with sales prices ranging from $149.11 to $149.70 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 1,000 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 17, 2023 with sales prices ranging from $150.12 to $151.08 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 2,365 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 17, 2023 with sales prices ranging from $151.20 to $152.18 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.
F6 Reflects the weighted average price of 1,253 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 17, 2023 with sales prices ranging from $152.20 to $153.11 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.