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Market Information - Our common stock is and has been traded on the Nasdaq Global Market under the symbol “SPSC” since April 22, 2010, the date of our initial public offering.
−Removed: Stockholders of Record - As of February 10, 2023, we had 68 stockholders of record of our common stock, excluding holders whose stock is held either in nominee name and/or street name brokerage accounts.
+Added: Stockholders of Record - As o f February 13, 2024, we had 69 s t ockholders of record of our common stock, excluding holders whose stock is held either in nominee name and/or street name brokerage accounts.
Dividends - We have not declared or paid cash dividends on our common stock.
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Notwithstanding any statement to the contrary in any of our previous or future filings with the SEC, the following information relating to the price performance of our common stock shall not be deemed to be “filed” with the SEC or to be “soliciting material” under the Securities Exchange Act of 1934, as amended, (“Exchange Act”), and it shall not be deemed to be incorporated by reference into any of our filings under the Securities Act of 1933, as amended (“Securities Act”), or the Exchange Act, except to the extent we specifically incorporate it by reference into such filing.
−Removed: The table and graph below compare the cumulative total stockholder return of our common stock with that of the Nasdaq US Benchmark TR Index and the Nasdaq Computer Index from December 31, 2017 through December 31, 2022, utilizing the last trading day of each respective year.
−Removed: The return assumes that $100 was invested in shares of our common stock and the other indexes at the close of market on December 29, 2017, the last trading day of 2017, and that dividends, if any, were reinvested.
−Removed: The comparisons in this table and graph are based on historical data and are not intended to forecast or be indicative of future performance of our common stock.
+Added: The graph below compares the cumulative total stockholder return of our common stock with that of the Russell 1000 Index and the Nasdaq Computer Index from December 31, 2018 through December 31, 2023, utilizing the last trading day of each respective year.
+Added: The return assumes that $100 was invested in shares of our common stock and the other indexes at the close of market on December 31, 2018, and that dividends, if any, were reinvested.
+Added: In our Annual Report on Form 10-K for the year ended December 31, 2022, we compared our return to the Nasdaq US Benchmark TR Index.
+Added: In 2023 and going forward, we will use the Russell 1000 Index as we believe it is now more reflective of the market we serve and is a more appropriate index to compare our stock performance.
+Added: The comparison in this graph is based on historical data and is not intended to forecast or be indicative of future performance of our common stock.
Comparison of Cumulative Total Returns of SPS Commerce, Inc.
to Comparable Indexes
−Removed: Date SPS Commerce Nasdaq US Benchmark TR Index Nasdaq Computer Index
−Removed: 12/29/2017 $ 100.00 $ 100.00 $ 100.00
−Removed: 12/31/2018 169.54 94.56 96.32
−Removed: 12/31/2019 228.11 124.03 144.80
−Removed: 12/31/2020 446.96 150.41 217.17
−Removed: 12/31/2021 585.92 189.36 299.39
−Removed: 12/30/2022 528.63 152.00 192.28
−Removed: SPS COMMERCE, INC.
−Removed: Form 10-K for the Annual Period ended December 31, 2022
−Removed: Table of Con t ents
Recent Sales of Unregistered Securities;
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Not applicable.
+Added: SPS COMMERCE, INC.
+Added: Form 10-K for the Annual Period ended December 31, 2023
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: The share repurchase activity for the quarter ended December 31, 2022 was as follows:
−Removed: Period Total Number
−Removed: Purchased Average Price
−Removed: Paid per Share Total Number
−Removed: Part of Publicly
−Removed: Dollar Value of
−Removed: October 1 - 31, 2022 1,291 $ 120.06 1,291 $ 47,368,000
−Removed: November 1 - 30, 2022 3,024 119.05 3,024 47,008,000
−Removed: December 1 - 31, 2022 — — — 47,008,000
−Removed: Total 4,315 $ 119.35 4,315 $ 47,008,000
−Removed: For more information regarding our share repurchase programs, refer to Note J to our consolidated financial statements, included in Part II, Item 8, “Financial Statements and Supplementary Data” of this Annual Report on Form 10-K.
On July 26, 2022 (announced July 27, 2022), our board of directors authorized a program to repurchase up to $50.0 million of our common stock.
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The new share repurchase program became effective August 26, 2022 and expires on July 26, 2024.
+Added: We did not make any repurchases under the program during the quarter ended December 31, 2023.
+Added: For more information regarding our share repurchase programs, refer to Note J to our consolidated financial statements, included in Part II Item 8, "Financial Statements and Supplementary Data" of this Annual Report on Form 10-K.
SPS COMMERCE, INC.
Form 10-K for the Annual Period ended December 31, 2023
−Removed: Table of Con t ents
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.