SPS Commerce

CUSIP: 78463m107 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

Increased Positions (1)

Legato Capital Management LLC

Value ($000) $1,103 (+42.3%) Shares 12,373 (+66.2%)

Institution	Prev Shares	Curr Shares	Change
Legato Capital Management LLC	7,444	12,373	+4,929 (+66.2%)

Decreased Positions (2)

Summit Creek Advisors LLC

Value ($000) $11,418 (-18.7%) Shares 128,100 (-5.0%)

DF DENT & CO INC

Value ($000) $18,073 (-26.9%) Shares 202,771 (-14.6%)

Institution	Prev Shares	Curr Shares	Change
Summit Creek Advisors LLC	134,835	128,100	-6,735 (-5.0%)
DF DENT & CO INC	237,464	202,771	-34,693 (-14.6%)