<div id="readability-page-1"><div><p><span>Soran Philip E Chairman of the Board of SPS Commerce Inc [SPSC] filed a Form 4 on November 20, 2025 with the Securities and Exchange Commission disclosing the following changes in ownership:</span></p><div><table><tbody><tr><th><span>Date</span></th><th><span>Transaction</span></th><th><span>Shares</span></th><th><span>Price</span></th><th><span>Value</span></th></tr><tr><td><span>11/18/25</span></td><td><span>Exercise(1)</span></td><td><span>5,732</span></td><td><span>$51.80</span></td><td><span>$296,918</span></td></tr><tr><td><span>11/18/25</span></td><td><span>Surrender(2)</span></td><td><span>3,717</span></td><td><span>$79.89</span></td><td><span>$296,951</span></td></tr></tbody></table></div><p><span>Ending Holdings: 22,177 - Direct</span></p><div><table><tbody><tr><td><span>(1)</span></td><td><span>Exercised 5.8 months before expiration date.</span></td></tr><tr><td><span>(2)</span></td><td><span>Surrender of shares back to company to pay option exercise cost and/or resulting tax liability.</span></td></tr></tbody></table></div><p><span>For a free trial, or to learn more about our insider trading analysis and data services, please visit http://www.washingtonservice.com or contact us at (301) 913-5100 or send an email to info@washingtonservice.com.</span></p><p><span>Founded in 1970, The Washington Service provides securities professionals with financial, economic and public policy research and data.</span></p><span> </span></div></div>

SPSC

<p>Soran Philip E, Chairman of SPS Commerce Inc, filed a Form 4 with the SEC on November 20, 2025, disclosing changes in ownership. He exercised 5,732 shares at $51.80 and surrendered 3,717 shares at $79.89, ending with 22,177 direct holdings. The surrender was to cover option exercise costs and tax liabilities.</p>

Chmn Soran Acquires 2,015 Of SPS Commerce Inc [SPSC]