Sven Wehrwein - May 12, 2023 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Role: Director
Signature: /s/ Jonathan R. Zimmerman, Attorney-in-Fact for Sven Wehrwein
Stock symbol: SPSC
Transactions as of: May 12, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/16/2023, 08:05 PM
Previous filing: Mar 16, 2023
Next filing: May 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPSC	Common Stock	Award	$0	+585	+3.31%	$0.00	18.3K	May 12, 2023	Direct	F1

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)	Award	$0	+1.47K		$0.00	1.47K	May 12, 2023	Common Stock	1.47K	$155.72	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The deferred stock units will vest in four equal installments on the last day of each fiscal quarter with the first vesting occurring on June 30, 2023, provided the reporting person remains a member of the board as of the vesting date. The deferred stock units must be retained until completion of the reporting person's service on the board, and upon completion of such service, convert into an equal number of shares of our common stock. The reporting person may defer receipt of the shares for up to ten years after completion of service.
F2	This option shall vest in four equal installments on the last day of each fiscal quarter with the first vesting occurring on June 30, 2023, provided the reporting person remains a member of the board as of the vesting date.

Content

The deferred stock units will vest in four equal installments on the last day of each fiscal quarter with the first vesting occurring on June 30, 2023, provided the reporting person remains a member of the board as of the vesting date. The deferred stock units must be retained until completion of the reporting person's service on the board, and upon completion of such service, convert into an equal number of shares of our common stock. The reporting person may defer receipt of the shares for up to ten years after completion of service.

This option shall vest in four equal installments on the last day of each fiscal quarter with the first vesting occurring on June 30, 2023, provided the reporting person remains a member of the board as of the vesting date.