Chadwick Collins - 18 Feb 2025 Form 4/A - Amendment Insider Report for SPS COMMERCE INC (SPSC)

Signature
/s/ Jonathan R. Zimmerman, Attorney-in-Fact for Chadwick Collins
Issuer symbol
SPSC
Transactions as of
18 Feb 2025
Net transactions value
-$661,791
Form type
4/A - Amendment
Filing time
28 Feb 2025, 08:08:58 UTC
Date Of Original Report
20 Feb 2025
Previous filing
07 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Award $0 +35,691 +66% $0.000000 90,137 18 Feb 2025 Direct F1, F2
transaction SPSC Common Stock Sale $150,847 -1,028 -1.1% $146.74 89,109 19 Feb 2025 Direct F1, F3, F4
transaction SPSC Common Stock Sale $46,167 -312 -0.35% $147.97 88,797 19 Feb 2025 Direct F1, F3, F5
transaction SPSC Common Stock Sale $193,646 -1,300 -1.5% $148.96 87,497 19 Feb 2025 Direct F1, F3, F6
transaction SPSC Common Stock Sale $30,002 -200 -0.23% $150.01 87,297 19 Feb 2025 Direct F1, F3, F7
transaction SPSC Common Stock Sale $152,846 -1,062 -1.2% $143.92 86,235 19 Feb 2025 Direct F1, F3, F8
transaction SPSC Common Stock Sale $73,724 -510 -0.59% $144.56 85,725 19 Feb 2025 Direct F1, F3, F9
transaction SPSC Common Stock Sale $14,558 -100 -0.12% $145.58 85,625 19 Feb 2025 Direct F1, F3
holding SPSC Common Stock 28 18 Feb 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 This amendment corrects the amounts reported on the Form 4 filed on February 20, 2025 for the reporting person, which inadvertently reported the dollar value of the equity awards rather than the number of units.
F2 Restricted Stock Unit award that vests as to 25% of the units on each anniversary of the date of the grant.
F3 Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 29, 2024.
F4 Reflects the weighted average price of 1,028 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 19, 2025, with sales prices ranging from $146.53 to $147.48 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 312 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 19, 2025, with sales prices ranging from $147.53 to $148.26 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 1,300 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 19, 2025, with sales prices ranging from $148.55 to $149.31 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 200 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 19, 2025, with sales prices ranging from $150.00 to $150.02 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 1,062 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 20, 2025, with sales prices ranging from $143.33 to $144.20 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 510 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 20, 2025, with sales prices ranging from $144.34 to $144.96 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.