Dan Juckniess - Jan 29, 2025 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Signature
/s/ Jonathan R. Zimmerman, Attorney-in-Fact for Dan Juckniess
Stock symbol
SPSC
Transactions as of
Jan 29, 2025
Transactions value $
-$2,255,832
Form type
4
Date filed
2/3/2025, 06:38 PM
Previous filing
Jan 3, 2025
Next filing
Feb 28, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Award $0 +12.2K +60.54% $0.00 32.4K Jan 29, 2025 Direct F1
transaction SPSC Common Stock Sale -$815K -4.45K -13.73% $183.41 27.9K Jan 30, 2025 Direct F2, F3
transaction SPSC Common Stock Sale -$258K -1.4K -5.01% $184.25 26.5K Jan 30, 2025 Direct F2, F4
transaction SPSC Common Stock Sale -$347K -1.87K -7.06% $185.35 24.7K Jan 30, 2025 Direct F2, F5
transaction SPSC Common Stock Sale -$242K -1.3K -5.27% $186.43 23.4K Jan 30, 2025 Direct F2, F6
transaction SPSC Common Stock Sale -$93.9K -501 -2.14% $187.46 22.9K Jan 30, 2025 Direct F2, F7
transaction SPSC Common Stock Sale -$56.3K -299 -1.31% $188.29 22.6K Jan 30, 2025 Direct F2, F8
transaction SPSC Common Stock Sale -$189K -1.02K -4.54% $184.32 21.5K Jan 31, 2025 Direct F2, F9
transaction SPSC Common Stock Sale -$217K -1.17K -5.43% $185.04 20.4K Jan 31, 2025 Direct F2, F10
transaction SPSC Common Stock Sale -$37.3K -200 -0.98% $186.34 20.2K Jan 31, 2025 Direct F2, F11
holding SPSC Common Stock 347 Jan 29, 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 August 20, 2024.
F3 Reflects the weighted average price of 4,446 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 30, 2025, with sales prices ranging from $182.76 to $183.72 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 1,400 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 30, 2025, with sales prices ranging from $183.80 to $184.64 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 1,873 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 $185.90 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.
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 January 30, 2025, with sales prices ranging from $186.04 to $187.00 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.
F7 Reflects the weighted average price of 501 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 30, 2025, with sales prices ranging from $187.04 to $188.02 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 299 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 30, 2025, with sales prices ranging from $188.04 to $188.52 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 1,024 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 31, 2025, with sales prices ranging from $183.72 to $184.71 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 1,171 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 31, 2025, with sales prices ranging from $184.72 to $185.66 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.
F11 Reflects the weighted average price of 200 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 31, 2025, with sales prices ranging from $186.18 to $186.50 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.