Philip Soran - Jul 12, 2024 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Role
Director
Signature
/s/ Jonathan Zimmerman, Attorney-in-Fact for Philip Soran
Stock symbol
SPSC
Transactions as of
Jul 12, 2024
Transactions value $
-$1,088,009
Form type
4
Date filed
7/16/2024, 06:11 PM
Previous filing
Jul 2, 2024
Next filing
Aug 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Options Exercise $122K +3.29K +17.43% $37.22 22.1K Jul 12, 2024 Direct F1, F2, F3
transaction SPSC Common Stock Sale -$657K -3.29K -14.84% $200.06 18.9K Jul 12, 2024 Direct F1, F4
transaction SPSC Common Stock Options Exercise $33.3K +895 +4.75% $37.22 19.7K Jul 15, 2024 Direct F1
transaction SPSC Common Stock Sale -$184K -895 -4.53% $205.05 18.9K Jul 15, 2024 Direct F1, F5
transaction SPSC Common Stock Options Exercise $89K +2.39K +12.68% $37.22 21.2K Jul 16, 2024 Direct F1
transaction SPSC Common Stock Sale -$342K -1.66K -7.83% $205.48 19.6K Jul 16, 2024 Direct F1, F6
transaction SPSC Common Stock Sale -$150K -726 -3.71% $206.49 18.9K Jul 16, 2024 Direct F1, F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPSC Employee Stock Option (right to buy) Options Exercise $0 -3.29K -50% $0.00 3.29K Jul 12, 2024 Common Stock 3.29K $37.22 Direct F1, F3, F8
transaction SPSC Employee Stock Option (right to buy) Options Exercise $0 -895 -27.25% $0.00 2.39K Jul 15, 2024 Common Stock 895 $37.22 Direct F1, F8
transaction SPSC Employee Stock Option (right to buy) Options Exercise $0 -2.39K -100% $0.00* 0 Jul 16, 2024 Common Stock 2.39K $37.22 Direct F1, F8
* 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: 03/14/2024.
F2 On July 25, 2019, the Issuer announced that its board of directors declared a two-for-one stock split of the Common Stock of the Issuer, effected in the form of a 100 percent stock dividend as of the record date on August 8, 2019. The stock split dividend was distributed on August 22, 2019, and at that time pursuant to anti-dilution provisions of the Issuer's 2010 Equity Incentive Plan, an option for 3,285 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 6,570 shares of Common Stock.
F3 This option was previously reported as an option for 3,285 shares of Common Stock at an exercise price of $74.43 per share, but was adjusted to reflect the stock dividend declared by the Issuer on July 25, 2019.
F4 Reflects the weighted average price of 3,285 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on July 12, 2024, with sales prices ranging from $200.00 to $200.36 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 895 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on July 15, 2024, with sales prices ranging from $205.00 to $205.15 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.
F6 Reflects the weighted average price of 1,664 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on July 16, 2024, with sales prices ranging from $205.06 to $206.01 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 726 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on July 16, 2024, with sales prices ranging from $206.06 to $207.00 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 Fully vested.