Archie C. Black - 21 Feb 2024 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Role
Director
Signature
/s/ Jonathan R. Zimmerman, Attorney-in-Fact for Archie C. Black
Issuer symbol
SPSC
Transactions as of
21 Feb 2024
Net transactions value
-$4,309,293
Form type
4
Filing time
23 Feb 2024, 17:56:21 UTC
Previous filing
20 Feb 2024
Next filing
01 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Sale $705,253 -3,900 -4.8% $180.83 76,675 21 Feb 2024 Direct F1, F2
transaction SPSC Common Stock Sale $819,600 -4,500 -5.9% $182.13 72,175 21 Feb 2024 Direct F1, F3
transaction SPSC Common Stock Sale $58,900 -323 -0.45% $182.35 71,852 21 Feb 2024 Direct F1, F4
transaction SPSC Common Stock Sale $44,279 -244 -0.34% $181.47 71,608 22 Feb 2024 Direct F1, F5
transaction SPSC Common Stock Sale $744,828 -4,076 -5.7% $182.74 67,532 22 Feb 2024 Direct F1, F6
transaction SPSC Common Stock Sale $1,442,242 -7,865 -12% $183.37 59,667 22 Feb 2024 Direct F1, F7
transaction SPSC Common Stock Sale $288,122 -1,560 -2.6% $184.69 58,107 22 Feb 2024 Direct F1, F8
transaction SPSC Common Stock Sale $171,624 -925 -1.6% $185.54 57,182 22 Feb 2024 Direct F1, F9
transaction SPSC Common Stock Sale $34,444 -185 -0.32% $186.18 56,997 22 Feb 2024 Direct F1, F10
holding SPSC Common Stock 412 21 Feb 2024 By 401(k) Plan
holding SPSC Common Stock 400 21 Feb 2024 By Son I
holding SPSC Common Stock 400 21 Feb 2024 By Son II
holding SPSC Common Stock 400 21 Feb 2024 By Son III
holding SPSC Common Stock 400 21 Feb 2024 By Son IV
holding SPSC Common Stock 667 21 Feb 2024 By IRA
* 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 Adoption date of referenced 10b5-1(c) plan is: 08/29/2023.
F2 Reflects the weighted average price of 3,900 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 21, 2024 with sales prices ranging from $180.25 to $181.15 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 4,500 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 21, 2024 with sales prices ranging from $181.31 to $182.30 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 323 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 21, 2024 with sales prices ranging from $182.33 to $182.38 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 244 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 22, 2024 with sales prices ranging from $180.79 to $181.70 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 4,076 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 22, 2024 with sales prices ranging from $181.94 to $182.93 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 7,865 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 22, 2024 with sales prices ranging from $182.97 to $183.95 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 1,560 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 22, 2024 with sales prices ranging from $184.06 to $184.93 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 925 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 22, 2024 with sales prices ranging from $185.09 to $185.95 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 185 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 22, 2024 with sales prices ranging from $186.12 to $186.23 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.