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SPS COMMERCE INC

For the period ended Dec 31, 2024. Filed Feb 19, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 19, 2025

SPSC$80.92-0.1%Stored close · as of Nov 10, 2026

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Contents

Item 15. Exhibits, Financial Statement Schedules

The following documents are filed as a part of this Annual Report on Form 10-K:

(a)Financial Statements: The financial statements filed as a part of this report are listed in Part II, Item 8.

(b)Financial Statement Schedules: The schedules are either not applicable or the required information is presented in the consolidated financial statements or notes thereto.

(c)Exhibits: The exhibits incorporated by reference or filed as a part of this Annual Report on Form 10-K are listed in the Exhibit Index prior to the signatures of this report.

EXHIBIT INDEX

Incorporated By Reference
ExhibitNumberExhibit DescriptionFormDate ofFirstFilingExhibitNumberFiledHerewith
3.1Tenth Amended and Restated Certificate of Incorporation8-K05/16/20243.1
3.2Amended and Restated Bylaws, effective as of February 17, 202310-K02/21/20233.2
4.1Description of Capital Stock10-K02/23/20214.1
10.12010 Equity Incentive Plan, as amended effective October 29, 2014**10-K02/20/201510.6
10.2Form of Incentive Stock Option Agreement under 2010 Equity Incentive Plan**8-K02/17/201210.2
10.3Form of Non-Statutory Stock Option Agreement (Employee) under 2010 Equity Incentive Plan**10-K02/21/202310.3
10.4Form of Non-Statutory Stock Option Agreement (Director) under 2010 Equity Incentive Plan**8-K02/17/201210.4
10.5Form of Restricted Stock Unit Award Agreement (Employee) under 2010 Equity Incentive Plan**10-K02/21/202310.5
10.6Form of Restricted Stock Unit Award Agreement (Director) under 2010 Equity Incentive Plan**X
10.7Form of Restricted Stock Award Agreement under 2010 Equity Incentive Plan**10-Q05/08/201210.6
10.8Form of Performance Stock Unit Agreement under 2010 Equity Incentive Plan**10-K02/21/202310.7
10.9Form of Deferred Stock Unit Agreement under 2010 Equity Incentive Plan**X
10.10Form of Indemnification Agreement for Independent Directors**S-1/A01/11/201010.18
10.11Form of Indemnification Agreement for Archie C. Black**S-1/A01/11/201010.19
10.12Management Incentive Plan**8-K02/03/201610.2
10.13Amendment to Amended and Restated Executive Severance and Change in Control Agreement, dated as of March 1, 2023, by and between Archie C. Black and SPS Commerce, Inc.**8-K03/02/202310.1
10.14Amended and Restated Executive Severance and Change in Control Agreement between the Company and Archie C. Black**8-K02/18/202010.1
10.15SPS Commerce, Inc. Executive Management Team Severance Plan**8-K05/16/202410.1
10.16Agreement to Terminate Amended and Restated Executive Severance and Change in Control Agreement, effective as of May 16, 2024, by and between SPS Commerce, Inc. and Kimberly Nelson**8-K05/16/202410.2
10.17Form of Amended and Restated Executive Severance and Change in Control Agreement**8-K02/18/202010.2
Incorporated By Reference
ExhibitNumberExhibit DescriptionFormDate ofFirstFilingExhibitNumberFiledHerewith
10.18Form of Amendment to Amended and Restated Executive Severance and Change in Control Agreement**8-K03/02/202310.3
10.19Offer Letter between Chad Collins and SPS Commerce, Inc., dated as of July 6, 2023**8-K07/06/202310.1
10.20Executive Severance and Change in Control Agreement, effective as of October 2,2023, by and between Chad Collins and SPS Commerce, Inc.**8-K07/06/202310.2
10.21Registration Rights and Lock-Up Agreement, dated July 31, 20248-K08/01/202410.1
10.22Registration Rights and Lock-Up Agreement, dated January 2, 20258-K01/02/202599.1
10.23Form of Restricted Stock Unit Award Agreement under 2010 Equity Incentive Plan, as amended**X
10.24Form of Performance Stock Unit Agreement under 2010 Equity Incentive Plan (for awards beginning in 2025)**X
10.25Non-Employee Director Compensation Summary**X
19.1SPS Commerce, Inc. Insider Trading Policy**X
21.1Subsidiaries of the registrantX
23.1Consent of KPMG LLPX
24.1Power of Attorney (included on signature page)X
31.1Certification of Principal Executive Officer pursuant to Rules 13a-14(a) under the Securities Exchange Act of 1934, as amendedX
31.2Certification of Principal Financial Officer pursuant to Rules 13a-14(a) under the Securities Exchange Act of 1934, as amendedX
32.1Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002X
97SPS Commerce, Inc. Required Compensation Recovery Policy, effective October 2, 202310-K02/20/202497
101Interactive Data Files Pursuant to Rule 405 of Regulation S-TX
104The cover page from the Annual Report on Form 10-K for the year ended December 31, 2023, formatted in Inline XBRLX

**Indicates management contract or compensatory plan or arrangement.

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