Pc Connection Inc SEC Filings

PC Connection (CNXN) reported Q3 2025 results. Net sales were $709.1 million versus $724.7 million a year ago, while gross profit rose to $138.6 million and gross margin improved to 19.6% from 18.7%. SG&A was $108.4 million. Operating income was $30.3 million, roughly flat year over year.

Net income was $24.7 million compared to $27.1 million, and diluted EPS was $0.97 versus $1.02, reflecting lower interest income and the absence of last year’s other income. Segment mix shifted: Enterprise and Business Solutions grew, while Public Sector declined. The margin expansion was aided by more software revenue recognized on a net basis.

Year to date, net sales reached $2,169.8 million and net income was $63.0 million. Cash from operations was $38.0 million. The company repurchased $66.0 million of stock and paid $11.5 million in dividends. Cash and cash equivalents were $187.8 million and short‑term investments were $211.4 million. Shares outstanding were 25,245,224 as of October 22, 2025.

PC Connection, Inc. announced its financial results for the quarter ended September 30, 2025. The full details are provided in a press release furnished as Exhibit 99.1 under Item 2.02 and, as stated, this information is furnished and not deemed filed.

The company also disclosed that its Board of Directors declared a quarterly cash dividend, as noted in the same press release furnished under Item 7.01 and likewise not deemed filed. Additional exhibits include the Cover Page Interactive Data File (Exhibit 104).

Patricia Gallup and the David Hall Trust 2003 report combined beneficial ownership of 13,779,533 shares of PC Connection, Inc. (CNXN), representing 54.4% of the 25,337,145 shares outstanding as of September 15, 2025. The filing amends prior Schedule 13D disclosures and details holdings held directly by Ms. Gallup and across several trusts and an estate: 4,540,508 shares directly by Ms. Gallup, 6,879,962 shares by the David Hall Trust 2003, 162,093 shares by the Estate, plus additional holdings in the North Branch Trust, Abbott Brook Trust, Comack Trust-B, and shares held by Ms. Gallup's spouse.

The document explains historical transfers, estate-planning transfers and annuity distributions made for no consideration, including a September 15, 2025 annuity distribution of 1,093,163 shares from the Abbott Brook Trust to Ms. Gallup, and a September 15, 2025 contribution of 1,000,000 shares to Comack Trust-B. Aggregate cost bases for major blocks are disclosed. The filing states Ms. Gallup is the issuer's Chief Administrative Officer and Chairman and that no other plans or proposals are disclosed.

Patricia Gallup, a director, officer and >10% owner of PC Connection Inc. (CNXN), reported a transaction dated 09/15/2025 on Form 4 showing she disposed of 3,500 shares of Common Stock by gift to a charity and disclaims beneficial ownership of the gifted shares. After the transaction she directly owned 4,540,508 shares and additionally reported several indirect holdings: 162,093 shares held by an estate for which she is executor, 15,133 held by her spouse, and multiple trusts totaling 9,061,799 shares across named trusts. The filing lists her roles as Chairman & Chief Admin Officer and indicates the report was signed on 09/17/2025.

David Beffa-Negrini, a director of PC Connection Inc. (CNXN), reported stock changes on a Form 4 dated 09/02/2025. The filing shows a transaction dated 09/01/2025 in which 500 shares of Common Stock were acquired (reported as a non-derivative acquisition) at a price of $0.00, bringing his direct beneficial ownership to 62,875 shares after that transaction. The filing also reports 500 Restricted Stock Units (RSUs) converting into 500 shares of Common Stock (derivative-to-common conversion), with 500 RSUs acquired on 09/01/2025 and 1,000 shares of common stock beneficially owned following the reported derivative transaction. The RSUs were originally granted on February 13, 2018, and vest in ten annual installments of 500 units each beginning September 1, 2018.

Jack L. Ferguson, a director of PC Connection Inc. (CNXN), reported acquisition of 500 shares of Common Stock on 09/01/2025 through the vesting of restricted stock units at a $0.00 price. After the transaction he beneficially owns 65,555 shares directly.

The filing notes the 500 restricted stock units were part of a grant made on February 13, 2018 that vests in ten annual installments of 500 units beginning September 1, 2018. The Form 4 was signed by an attorney-in-fact on 09/02/2025.

Barbara Duckett, a director of PC Connection Inc. (ticker: CNXN), reported acquisitions on 09/01/2025. She received 500 common shares and 500 restricted stock units (RSUs) that convert one-for-one into common stock, both recorded at $0.00. After these transactions, she directly beneficially owned 15,752 common shares and 1,000 shares attributable to RSUs. The RSUs were originally granted on February 13, 2018 and vest in ten annual installments of 500 units beginning September 1, 2018. The Form 4 was signed by an attorney-in-fact, Timothy J. McGrath, on 09/02/2025.

Patricia Gallup, a director, 10% owner and Chairman & Chief Admin Officer of PC Connection Inc. (CNXN), reported the vesting and acquisition of 500 restricted stock units that converted one-for-one into common stock on 09/01/2025. Following the reported transactions, Ms. Gallup directly beneficially owns 4,450,845 shares and holds several indirect stakes: 162,093 shares via an estate for which she is executor, 15,133 via spouse, and trust holdings of 6,879,962, 275,000, and 2,000,000 shares. The RSUs were originally granted on February 13, 2018, with ten annual vesting installments of 500 units beginning September 1, 2018.

PC Connection, Inc. (CNXN) insider Timothy J. McGrath, President & CEO, reported multiple transactions on 09/01/2025. 15,000 shares were acquired as restricted stock units (7,000 and 8,000 RSUs) converted into common stock at no cash price, reflecting scheduled vesting. Concurrently, he disposed of 2,755 and 3,148 shares in separate transactions at a reported price of $64.21 per share. Following these transactions, Mr. McGrath beneficially owned 258,554 shares. The filing notes the grant dates: one RSU award from March 1, 2016 (with remaining vesting of 10,000 shares on 09/01/2026 and 5,000 on 09/01/2027) and another award from October 30, 2014, of which 8,000 shares vested on 09/01/2025.