Sven Wehrwein - 03 Aug 2023 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Role: Director
Signature: /s/ Jonathan R. Zimmerman, Attorney-in-Fact for Sven Wehrwein
Issuer symbol: SPSC
Transactions as of: 03 Aug 2023
Net transactions value: $0
Form type: 4
Filing time: 07 Aug 2023, 16:45:37 UTC
Previous filing: 26 May 2023
Next filing: 15 Aug 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPSC	Common Stock	Award	$0	+118	+0.65%	$0.000000	18,387	03 Aug 2023	Direct	F1

* 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 on the earlier of (a) immediately prior to the 2024 annual meeting of stockholders or (b) the one year anniversary of the grant date, 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.

Content

The deferred stock units will vest on the earlier of (a) immediately prior to the 2024 annual meeting of stockholders or (b) the one year anniversary of the grant date, 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.