Archie C. Black - Jan 25, 2023 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Signature
/s/ Jonathan R. Zimmerman, Attorney-in-Fact for Archie C. Black
Stock symbol
SPSC
Transactions as of
Jan 25, 2023
Transactions value $
-$1,749,905
Form type
4
Date filed
1/27/2023, 05:40 PM
Previous filing
Dec 2, 2022
Next filing
Feb 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Award $0 +80.9K +143.68% $0.00 137K Jan 25, 2023 Direct F1
transaction SPSC Common Stock Sale -$258K -1.9K -1.39% $135.79 135K Jan 26, 2023 Direct F2, F3
transaction SPSC Common Stock Sale -$482K -3.52K -2.6% $136.76 132K Jan 26, 2023 Direct F2, F4
transaction SPSC Common Stock Sale -$39.2K -284 -0.22% $137.98 131K Jan 26, 2023 Direct F2, F5
transaction SPSC Common Stock Sale -$27.9K -200 -0.15% $139.42 131K Jan 26, 2023 Direct F2, F6
transaction SPSC Common Stock Sale -$131K -966 -0.74% $135.84 130K Jan 27, 2023 Direct F2, F7
transaction SPSC Common Stock Sale -$356K -2.6K -2% $136.76 128K Jan 27, 2023 Direct F2, F8
transaction SPSC Common Stock Sale -$241K -1.75K -1.37% $137.73 126K Jan 27, 2023 Direct F2, F9
transaction SPSC Common Stock Sale -$215K -1.55K -1.23% $138.47 124K Jan 27, 2023 Direct F2, F10
holding SPSC Common Stock 376 Jan 25, 2023 By 401(k) Plan
holding SPSC Common Stock 400 Jan 25, 2023 By Son I
holding SPSC Common Stock 400 Jan 25, 2023 By Son II
holding SPSC Common Stock 400 Jan 25, 2023 By Son III
holding SPSC Common Stock 400 Jan 25, 2023 By Son IV
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 21, 2020, 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 2020-2022. As determined on January 25, 2023, 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 May 20, 2022.
F3 Reflects the weighted average price of 1,900 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 26, 2023 with sales prices ranging from $135.49 to $136.24 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 3,522 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 26, 2023 with sales prices ranging from $136.50 to $137.22 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 284 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 26, 2023 with sales prices ranging from $137.61 to $138.30 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.
F6 Reflects the weighted average price of 200 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 26, 2023 with sales prices ranging from $139.40 to $139.43 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 966 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2023 with sales prices ranging from $135.13 to $136.06 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 2,600 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2023 with sales prices ranging from $136.13 to $136.89 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 1,752 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2023 with sales prices ranging from $137.16 to $138.13 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 1,553 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2023 with sales prices ranging from $138.17 to $138.85 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.