James J. Frome - Jan 31, 2024 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Signature
/s/ Jonathan R. Zimmerman, attorney-in-fact for James J. Frome
Stock symbol
SPSC
Transactions as of
Jan 31, 2024
Transactions value $
-$4,119,230
Form type
4
Date filed
2/2/2024, 08:35 PM
Previous filing
Jun 9, 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 +66.77% $0.00 57.3K Jan 31, 2024 Direct F1
transaction SPSC Common Stock Sale -$194K -1.1K -1.92% $176.26 56.2K Feb 1, 2024 Direct F2, F3
transaction SPSC Common Stock Sale -$586K -3.3K -5.88% $177.54 52.9K Feb 1, 2024 Direct F2, F4
transaction SPSC Common Stock Sale -$253K -1.42K -2.69% $177.92 51.4K Feb 1, 2024 Direct F2, F5
transaction SPSC Common Stock Sale -$251K -1.4K -2.72% $179.21 50K Feb 1, 2024 Direct F2, F6
transaction SPSC Common Stock Sale -$409K -2.27K -4.53% $180.22 47.8K Feb 1, 2024 Direct F2, F7
transaction SPSC Common Stock Sale -$526K -2.89K -6.06% $181.63 44.9K Feb 1, 2024 Direct F2, F8
transaction SPSC Common Stock Sale -$56K -306 -0.68% $182.94 44.6K Feb 1, 2024 Direct F2, F9
transaction SPSC Common Stock Sale -$36.8K -200 -0.45% $184.15 44.4K Feb 1, 2024 Direct F2
transaction SPSC Common Stock Sale -$620K -3.45K -7.78% $179.72 40.9K Feb 2, 2024 Direct F2, F10
transaction SPSC Common Stock Sale -$1.08M -6K -14.66% $180.43 34.9K Feb 2, 2024 Direct F2, F11
transaction SPSC Common Stock Sale -$106K -587 -1.68% $181.11 34.3K Feb 2, 2024 Direct F2, F12
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: 03-08-2023.
F3 Reflects the weighted average price of 1,100 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2024 with sales prices ranging from $175.83 to $176.81 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.
F4 Reflects the weighted average price of 3,300 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2024 with sales prices ranging from $176.92 to $177.91 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 1,420 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2024 with sales prices ranging from $177.92 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 1,398 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2024 with sales prices ranging from $179.21 to $180.12 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.
F7 Reflects the weighted average price of 2,269 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2024 with sales prices ranging from $180.22 to $181.21 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 2,894 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2024 with sales prices ranging from $181.24 to $182.19 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 306 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2024 with sales prices ranging from $182.86 to $183.09 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 3,452 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 2, 2024 with sales prices ranging from $178.91 to $179.89 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 5,998 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 2, 2024 with sales prices ranging from $179.91 to $180.90 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 587 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 2, 2024 with sales prices ranging from $180.91 to $181.35 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.