# EDGAR Filing Document

**Accession Number:** 0001489095
**File Stem:** 0001209191-23-006012
**Filing Date:** 2023-2
**Character Count:** 13455
**Document Hash:** b323ff96449605f8214d9c786807fa04
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001209191-23-006012.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0001209191-23-006012

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230130

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230201

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Black Archie C.
- **CENTRAL INDEX KEY:** 0001489095

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34702
- **FILM NUMBER:** 23578273

**MAIL ADDRESS:**
- **STREET 1:** 333 SOUTH SEVENTH STREET
- **STREET 2:** SUITE 1000
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SPS COMMERCE INC
- **CENTRAL INDEX KEY:** 0001092699
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **IRS NUMBER:** 411593154
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 333 SOUTH SEVENTH STREET
- **STREET 2:** SUITE 1000
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402
- **BUSINESS PHONE:** 612-435-9400

**MAIL ADDRESS:**
- **STREET 1:** 333 SOUTH SEVENTH STREET
- **STREET 2:** SUITE 1000
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a 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). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Black Archie C.<br><sub>(Last) (First) (Middle)</sub><br>333 SOUTH SEVENTH STREET<br>SUITE 1000<br><sub>(Street)</sub><br>MINNEAPOLIS, MN 55402<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-30 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_CEO_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>SPS COMMERCE INC [ SPSC ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-01-30 |  | S<sup>(1)</sup> |  | 6002 | D | 133.0776<sup>(2)</sup> | 118345 | D |  |
| Common Stock | 2023-01-30 |  | S<sup>(1)</sup> |  | 4216 | D | 134.0112<sup>(3)</sup> | 114129 | D |  |
| Common Stock | 2023-01-30 |  | S<sup>(1)</sup> |  | 902 | D | 134.7731<sup>(4)</sup> | 113227 | D |  |
| Common Stock | 2023-01-30 |  | S<sup>(1)</sup> |  | 200 | D | $135.87 | 113027 | D |  |
| Common Stock | 2023-01-31 |  | S<sup>(1)</sup> |  | 1588 | D | 134.3762<sup>(5)</sup> | 111439 | D |  |
| Common Stock | 2023-01-31 |  | S<sup>(1)</sup> |  | 10917 | D | 135.2135<sup>(6)</sup> | 100522 | D |  |
| Common  Stock | 2023-01-31 |  | S<sup>(1)</sup> |  | 4251 | D | 135.8992<sup>(7)</sup> | 96271 | D |  |
| Common Stock | 2023-02-01 |  | S<sup>(1)</sup> |  | 8334 | D | 133.1736<sup>(8)</sup> | 87937 | D |  |
| Common Stock | 2023-02-01 |  | S<sup>(1)</sup> |  | 9080 | D | 134.0421<sup>(9)</sup> | 78857 | D |  |
| Common Stock | 2023-02-01 |  | S<sup>(1)</sup> |  | 2604 | D | 134.9475<sup>(10)</sup> | 76253 | D |  |
| Common Stock | 2023-02-01 |  | S<sup>(1)</sup> |  | 2216 | D | 135.8792<sup>(11)</sup> | 74037 | D |  |
| Common Stock | 2023-02-01 |  | S<sup>(1)</sup> |  | 1503 | D | 137.3082<sup>(12)</sup> | 72534 | D |  |
| Common Stock | 2023-02-01 |  | S<sup>(1)</sup> |  | 4182 | D | 137.994<sup>(13)</sup> | 68352 | D |  |
| Common Stock | 2023-02-01 |  | S<sup>(1)</sup> |  | 2500 | D | 139.2151<sup>(14)</sup> | 65852 | D |  |
| Common Stock |  |  |  |  |  |  |  | 378.09 | I | By 401(k) Plan |
| Common Stock |  |  |  |  |  |  |  | 400 | I | By Son I |
| Common Stock |  |  |  |  |  |  |  | 400 | I | By Son II |
| Common Stock |  |  |  |  |  |  |  | 400 | I | By Son III |
| Common Stock |  |  |  |  |  |  |  | 400 | I | By Son IV |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 10, 2022.

(2) Reflects the weighted average price of 6,002 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 30, 2023 with sales prices ranging from $132.51 to $133.50 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.

(3) Reflects the weighted average price of 4,216 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 30, 2023 with sales prices ranging from $133.55 to $134.51 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.

(4) Reflects the weighted average price of 902 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 30, 2023 with sales prices ranging from $134.56 to $135.07 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.

(5) Reflects the weighted average price of 1,588 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 31, 2023 with sales prices ranging from $133.59 to $134.58 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.

(6) Reflects the weighted average price of 10,917 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 31, 2023 with sales prices ranging from $134.625 to $135.61 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.

(7) Reflects the weighted average price of 4,251 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 31, 2023 with sales prices ranging from $135.63 to $136.49 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.

(8) Reflects the weighted average price of 8,334 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2023 with sales prices ranging from $132.57 to $133.50 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.

(9) Reflects the weighted average price of 9,080 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2023 with sales prices ranging from $133.59 to $134.58 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.

(10) Reflects the weighted average price of 2,604 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2023 with sales prices ranging from $134.59 to $135.56 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.

(11) Reflects the weighted average price of 2,216 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2023 with sales prices ranging from $135.70 to $136.17 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.

(12) Reflects the weighted average price of 1,503 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2023 with sales prices ranging from $136.73 to $137.61 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.

(13) Reflects the weighted average price of 4,182 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2023 with sales prices ranging from $137.77 to $138.39 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.

(14) Reflects the weighted average price of 2,500 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 1, 2023 with sales prices ranging from $139.00 to $139.55 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.

**Signature:** /s/ Jonathan R. Zimmerman, Attorney-in-Fact for Archie C. Black  
**Date:** 2023-02-01

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**