Kimberly K. Nelson - Jan 31, 2024 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
Jan 31, 2024
Transactions value $
-$4,121,139
Form type
4
Date filed
2/2/2024, 08:34 PM
Previous filing
Nov 7, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Award $0 +22.9K +15.57% $0.00 170K Jan 31, 2024 Direct F1
transaction SPSC Common Stock Sale -$181K -1.03K -0.6% $176.23 169K Feb 1, 2024 Direct F2, F3
transaction SPSC Common Stock Sale -$579K -3.26K -1.93% $177.46 166K Feb 1, 2024 Direct F2, F4
transaction SPSC Common Stock Sale -$350K -1.97K -1.19% $178.21 164K Feb 1, 2024 Direct F2, F5
transaction SPSC Common Stock Sale -$141K -784 -0.48% $179.45 163K Feb 1, 2024 Direct F2, F6
transaction SPSC Common Stock Sale -$323K -1.79K -1.1% $180.62 161K Feb 1, 2024 Direct F2, F7
transaction SPSC Common Stock Sale -$632K -3.48K -2.16% $181.55 158K Feb 1, 2024 Direct F2, F8
transaction SPSC Common Stock Sale -$36.8K -201 -0.13% $182.89 158K Feb 1, 2024 Direct F2, F9
transaction SPSC Common Stock Sale -$36.6K -200 -0.13% $183.11 157K Feb 1, 2024 Direct F2, F10
transaction SPSC Common Stock Sale -$36.8K -200 -0.13% $184.15 157K Feb 1, 2024 Direct F2
transaction SPSC Common Stock Sale -$161K -900 -0.57% $179.33 156K Feb 2, 2024 Direct F2, F11
transaction SPSC Common Stock Sale -$1.35M -7.51K -4.8% $180.19 149K Feb 2, 2024 Direct F2, F12
transaction SPSC Common Stock Sale -$291K -1.61K -1.08% $180.97 147K Feb 2, 2024 Direct F2, F13
holding SPSC Common Stock 408 Jan 31, 2024 By 401(k) Plan
* 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 On January 4, 2021, 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 2021-2023. As determined on January 31, 2024, based on actual performance, the reporting person earned the number of PSUs indicated, which PSUs were fully vested on that date.
F2 Adoption date of referenced 10b5-1(c) plan is: 08-01-2023
F3 Reflects the weighted average price of 1,026 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2024 with sales prices ranging from $175.80 to $176.77 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 3,260 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2024 with sales prices ranging from $176.81 to $177.88 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 1,966 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2024 with sales prices ranging from $177.81 to $178.80 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 784 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2024 with sales prices ranging from $178.94 to $179.81 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 1,787 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2024 with sales prices ranging from $179.96 to $180.92 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 3,483 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2024 with sales prices ranging from $181.00 to $181.98 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 201 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2024 with sales prices ranging from $182.00 to $182.92 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 200 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2024 with sales prices ranging from $183.09 to $183.12 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.
F11 Reflects the weighted average price of 1,026 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 2, 2024 with sales prices ranging from $178.77 to $179.73 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.
F12 Reflects the weighted average price of 7,511 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 2, 2024 with sales prices ranging from $179.77 to $180.72 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.
F13 Reflects the weighted average price of 1,606 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 2, 2024 with sales prices ranging from $180.77 to $181.63 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.