JAMIE THINGELSTAD - 29 Jan 2025 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Signature
/s/ Jonathan Zimmerman, Attorney-in-Fact for Jamie Thingelstad
Issuer symbol
SPSC
Transactions as of
29 Jan 2025
Net transactions value
-$887,467
Form type
4
Filing time
03 Feb 2025, 18:36:35 UTC
Previous filing
15 Aug 2024
Next filing
27 Jun 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Award $0 +11,970 +58% $0.000000 32,491 29 Jan 2025 Direct F1
transaction SPSC Common Stock Sale $419,779 -2,288 -7% $183.47 30,203 30 Jan 2025 Direct F2, F3
transaction SPSC Common Stock Sale $58,229 -316 -1% $184.27 29,887 30 Jan 2025 Direct F2, F4
transaction SPSC Common Stock Sale $116,136 -626 -2.1% $185.52 29,261 30 Jan 2025 Direct F2, F5
transaction SPSC Common Stock Sale $130,599 -700 -2.4% $186.57 28,561 30 Jan 2025 Direct F2, F6
transaction SPSC Common Stock Sale $131,303 -700 -2.5% $187.58 27,861 30 Jan 2025 Direct F2, F7
transaction SPSC Common Stock Sale $18,855 -100 -0.36% $188.55 27,761 30 Jan 2025 Direct F2
transaction SPSC Common Stock Sale $12,565 -68 -0.24% $184.78 27,693 31 Jan 2025 Direct F2, F8
holding SPSC Common Stock 406 29 Jan 2025 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 3, 2022, 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 2022-2024. As determined on January 29, 2025, based on actual performance, the reporting person earned the number of PSUs indicated, which PSUs were fully vested on that date.
F2 Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 5, 2024.
F3 Reflects the weighted average price of 2,288 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 30, 2025, with sales prices ranging from $182.93 to $183.91 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.
F4 Reflects the weighted average price of 316 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 30, 2025, with sales prices ranging from $183.95 to $184.90 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.
F5 Reflects the weighted average price of 626 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 30, 2025, with sales prices ranging from $184.95 to $185.93 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.
F6 Reflects the weighted average price of 700 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 30, 2025, with sales prices ranging from $186.18 to $187.08 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 700 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 30, 2025, with sales prices ranging from $187.19 to $188.01 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.
F8 Reflects the weighted average price of 68 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 31, 2025, with sales prices ranging from $184.59 to $184.81 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.