STOCK TITAN

CNXN (CNXN) holder files to sell 50,000 shares in Rule 144 transaction

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

A holder of CNXN common stock has filed to sell up to 50,000 shares under Rule 144 on the NASDAQ, with an indicated aggregate value of about $4,237,500 and an expected sale date of August 3, 2026. The filing also lists prior vesting of restricted stock unit awards granted under the issuer’s equity compensation plan, including awards vesting on several dates from 2013 through 2025 with individual vesting amounts ranging from 1,842 to 12,130 shares.

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Shares to be sold 50,000 shares Planned Rule 144 sale of CNXN common stock
Aggregate value $4,237,500.00 Indicated value for 50,000 CNXN common shares to be sold
Planned sale date 08/03/2026 Expected date for Rule 144 sale of CNXN shares
RSU vesting tranche 12,130 shares Restricted stock unit award vesting on 09/01/2024
RSU vesting tranche 6,320 shares Restricted stock unit award vesting on 04/01/2024
RSU vesting tranche 1,842 shares Restricted stock unit award vesting on 08/01/2014
Rule 144 regulatory
"A holder of CNXN common stock has filed to sell under 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.
restricted stock unit award financial
"Vesting of restricted stock unit award granted as part of issuer plan"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
equity compensation plan financial
"Granted as apart of issuer equity compensation plan"
A plan by which a company gives employees, directors or contractors ownership or the right to buy ownership in the company through stock, options or similar awards — think of promising slices of the company pie as part of someone's pay. It matters to investors because these awards can change the number of shares outstanding, affect reported profits and influence management’s decisions; large or generous plans can dilute existing holders and alter incentives over time.
vesting financial
"Multiple entries list the vesting of restricted stock unit awards"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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

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FAQ

What share sale is disclosed for CNXN in this Form 144 filing?

The filing indicates a plan to sell up to 50,000 shares of CNXN common stock on the NASDAQ, with an expected sale date of August 3, 2026 and an aggregate value of about $4,237,500.

What is the approximate value of the CNXN shares to be sold?

The planned sale covers CNXN common stock with an aggregate indicated value of about $4,237,500, corresponding to the 50,000 shares reported for potential sale under Rule 144 on the NASDAQ.

When are the CNXN shares expected to be sold under this Form 144?

The Form 144 reports an expected sale date of August 3, 2026 for the potential sale of 50,000 CNXN common shares on the NASDAQ, subject to Rule 144 conditions and actual trading decisions.

What type of CNXN securities are covered in this Form 144?

The filing covers common stock of CNXN, with up to 50,000 shares planned for sale on the NASDAQ and a reported aggregate value of about $4,237,500 based on the information in the form.

Does the CNXN Form 144 mention how the seller acquired the shares?

Yes. The filing notes multiple restricted stock unit awards that vested as part of the issuer’s equity compensation plan, indicating that at least some of the CNXN shares were originally granted as equity compensation and later vested over time.

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