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PC Connection holder plans $7.3M share sale

PC Connection, Inc. (CNXN) received a notice that Patricia Gallup, through The David Hall Trust 2003 and using Goldman Sachs & Co. LLC as broker, plans to sell up to 85,704 shares of common stock under Rule 144.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

PC Connection, Inc. (CNXN) received a notice that Patricia Gallup, through The David Hall Trust 2003 and using Goldman Sachs & Co. LLC as broker, plans to sell up to 85,704 shares of common stock under Rule 144. The filing lists an aggregate market value for these planned sales of $7,349,118 and notes that there are 25,238,099 shares of common stock outstanding. The sales are to be made pursuant to a selling plan dated March 9, 2026 that is intended to comply with Rule 10b5-1(c), with all shares to be sold by The David Hall Trust 2003.

The notice also reports prior Rule 144 sales by The David Hall Trust 2003 in the past three months, including multiple transactions of 7,142 shares of common stock on various dates with dollar amounts reported for each transaction.

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Shares planned to be sold 85,704 shares Common stock to be sold under Rule 144 for PC Connection, Inc.
Aggregate market value of planned sale $7,349,118 Value associated with 85,704 shares of common stock to be sold
Shares outstanding 25,238,099 shares PC Connection, Inc. common stock outstanding as listed in the Form 144 table
Block size of recent sales 7,142 shares Size of each reported sale of common stock by The David Hall Trust 2003 in the past three months
Example past sale proceeds $603,349.02 Proceeds reported for a 7,142-share sale on August 5, 2026 by The David Hall Trust 2003
Another past sale proceeds $500,518.50 Proceeds reported for a 7,142-share sale on June 24, 2026 by The David Hall Trust 2003
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Rule 10b5-1(c) regulatory
"a selling plan dated 3/9/2026 that is intended to comply with 10b5-1 (c)."
Rule 10b5-1(c) is an SEC guideline that lets company insiders set up a written, pre-planned schedule to buy or sell their company stock when they are not in possession of material, nonpublic information. For investors, it matters because such plans can reduce the appearance of insider trading by separating decisions from inside knowledge—like putting your trades on autopilot—while also requiring scrutiny since pre-planned trades can still affect market confidence and share value.
selling plan financial
"The sales of shares set forth herein are made in connection with a selling plan dated 3/9/2026"
aggregate market value financial
"85704 | 7349118 | 25238099 | 09/14/2026 | NASD"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for PC Connection, Inc. (CNXN)?

It discloses that Patricia Gallup, through The David Hall Trust 2003, plans to sell up to 85,704 shares of PC Connection, Inc. common stock under Rule 144, using Goldman Sachs & Co. LLC as the broker, under a Rule 10b5-1(c) selling plan.

How many CNXN shares are planned to be sold under this Form 144?

The notice states that up to 85,704 shares of PC Connection, Inc. common stock are to be sold, with an aggregate market value of $7,349,118, as reported in the Form 144 filing.

What is the reported market value and shares outstanding for CNXN in this filing?

The filing reports an aggregate market value of the planned sale of $7,349,118 and lists 25,238,099 shares of PC Connection, Inc. common stock as outstanding in the relevant table.

Is the CNXN share sale connected to a Rule 10b5-1 plan?

Yes. The remarks state that the sales are made in connection with a selling plan dated March 9, 2026 that is intended to comply with Rule 10b5-1(c), and all shares to be sold are by The David Hall Trust 2003.

Who is executing the planned CNXN sales on behalf of the shareholder?

The Form 144 identifies Goldman Sachs & Co. LLC as the broker for the common stock, and it is signed as “Goldman Sachs & Co. LLC on behalf of Patricia Gallup.”

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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