Kimberly K. Nelson - May 26, 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
Stock symbol
SPSC
Transactions as of
May 26, 2023
Transactions value $
-$703,437
Form type
4
Date filed
5/31/2023, 04:21 PM
Previous filing
May 24, 2023
Next filing
Aug 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Options Exercise $145K +5.19K +3.49% $27.85 154K May 26, 2023 Direct F1
transaction SPSC Common Stock Sale -$830K -5.08K -3.3% $163.37 149K May 26, 2023 Direct F1, F2
transaction SPSC Common Stock Sale -$18.4K -112 -0.08% $164.22 149K May 26, 2023 Direct F1, F3
holding SPSC Common Stock 405 May 26, 2023 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 -5.19K -100% $0.00* 0 May 26, 2023 Common Stock 5.19K $27.85 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Stock option exercise and sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 26, 2022.
F2 Reflects the weighted average price of 5,078 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on May 26, 2023 with sales prices ranging from $163.05 to $164.00 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.
F3 Reflects the weighted average price of 112 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on May 26, 2023 with sales prices ranging from $164.05 to $164.24 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 Fully vested.