Kimberly K. Nelson - 15 Feb 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
Issuer symbol
SPSC
Transactions as of
15 Feb 2024
Net transactions value
-$974,136
Form type
4
Filing time
20 Feb 2024, 18:40:29 UTC
Previous filing
02 Feb 2024
Next filing
26 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Award $0 +11,481 +7.8% $0.000000 158,715 15 Feb 2024 Direct F1
transaction SPSC Common Stock Sale $443,247 -2,376 -1.5% $186.55 156,339 20 Feb 2024 Direct F2, F3
transaction SPSC Common Stock Sale $153,654 -820 -0.52% $187.38 155,519 20 Feb 2024 Direct F2, F4
transaction SPSC Common Stock Sale $263,538 -1,400 -0.9% $188.24 154,119 20 Feb 2024 Direct F2, F5
transaction SPSC Common Stock Sale $113,698 -601 -0.39% $189.18 153,518 20 Feb 2024 Direct F2, F6
holding SPSC Common Stock 409 15 Feb 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 RSU awards vest as to 25% of the units on February 15, 2025. The remaining units vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on the March 15, 2025).
F2 Adoption date of referenced 10b5-1(c) plan is: 08/01/2023.
F3 Reflects the weighted average price of 2,376 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 20, 2024 with sales prices ranging from $185.79 to $186.71 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 820 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 20, 2024 with sales prices ranging from $186.90 to $187.82 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 1,400 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 20, 2024 with sales prices ranging from $187.93 to $188.50 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 601 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 20, 2024 with sales prices ranging from $188.98 to $189.49 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.