Philip E. Soran - 18 Nov 2025 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Reporting relationship: Director
Issuer ticker: SPSC
Reported as of: 18 Nov 2025
Net transaction value: -$33.53
SEC form: 4
Accepted by SEC: 20 Nov 2025, 16:38:53 UTC
Prior SEC filing: 01 Oct 2025
Next SEC filing: 15 Dec 2025
Source filing: View source filing
Reporting owner signature: /s/ Jonathan R. Zimmerman, Attorney-in-Fact for Philip Soran

Key filing fact

Philip E. Soran filed Form 4 for SPS COMMERCE INC (SPSC) on 20 Nov 2025.

Key facts

This page summarizes Philip E. Soran's Form 4 filing for SPS COMMERCE INC (SPSC).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 20 Nov 2025, 16:38.

Change

Previous filing in this sequence was filed on 01 Oct 2025.
Current net transaction value: -$33.53.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001233126 Primary reporting owner

SORAN PHILIP

Relationship: Director
Address: 333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS
Signature: /s/ Jonathan R. Zimmerman, Attorney-in-Fact for Philip Soran
Signature date: 20 Nov 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SPSC transaction

Common Stock

Options Exercise

Transaction value: $296,918
Shares: +5,732
Change %: +28%
Price: $51.80
Shares after: 25,894
Date: 18 Nov 2025
Ownership: Direct
Footnotes: F1, F2

SPSC transaction

Common Stock

Tax liability

Transaction value: $296,951
Shares: -3,717
Change %: -14%
Price: $79.89
Shares after: 22,177
Date: 18 Nov 2025
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SPSC transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -5,732
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 18 Nov 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,732
Exercise price: $51.80
Footnotes: F1, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

This option was previously reported as an option for 2,866 shares of Common Stock at an exercise price of $103.60 per share, but was adjusted to reflect the stock dividend declared by the Issuer on July 25, 2019.

Footnote 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 2,866 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 5,732 shares of Common Stock.

Footnote F3

Fully vested.