PC Connection (CNXN) trust's 10b5-1 sales total 14,284 shares
Rhea-AI Filing Summary
A trust associated with PC Connection, Inc. Chair and Chief Administrative Officer Patricia Gallup sold 14,284 shares of PC Connection common stock on August 4–5, 2026 in a series of open-market or private transactions. The sales, by the David Hall Trust 2003 where Gallup is sole trustee and beneficiary, were executed under a Rule 10b5-1 trading plan adopted on March 9, 2026, at weighted average prices including $85.79 and $87.01 per share with specified price ranges. Following these transactions, Gallup directly holds 533,258 common shares, and an additional 15,133 shares are held indirectly by her spouse, for which she disclaims beneficial ownership except to the extent of any pecuniary interest.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 14,284 shares
Net Sell
13 txns
Insider
GALLUP PATRICIA, PC CONNECTION INC
Role
Chairman & Chief Admin Officer | 10% Owner
Sold
14,284 shs ($1.22M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F6, F3 | 3,383 | $84.09 | $284K |
| Sale | Common Stock F1, F7, F3 | 3,559 | $84.77 | $302K |
| Sale | Common Stock F1, F8, F3 | 200 | $85.82 | $17K |
| Sale | Common Stock F1, F2, F3 | 3,968 | $85.79 | $340K |
| Sale | Common Stock F1, F4, F3 | 3,041 | $87.01 | $265K |
| Sale | Common Stock F1, F5, F3 | 133 | $87.47 | $12K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F9 | -- | -- | -- |
| holding | Common Stock F10 | -- | -- | -- |
| holding | Common Stock F11 | -- | -- | -- |
| holding | Common Stock F12 | -- | -- | -- |
| holding | Common Stock F13 | -- | -- | -- |
| holding | Common Stock F14 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,152,448 shares (Indirect, By Trust);
Common Stock — 533,258 shares (Direct);
Common Stock — 15,133 shares (Indirect, By Spouse)
Footnotes (14)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the David Hall Trust 2003 on March 9, 2026.
- F10. These shares are held directly by the Abbott Brook Trust, a grantor retained annuity trust formed under the laws of the State of New Hampshire. The reporting person is the sole trustee of the Abbott Brook Trust.
- F11. These shares are held directly by the North Branch Trust, an irrevocable trust formed under the laws of the State of New Hampshire. Ms. Gallup serves as the sole trustee of the North Branch Trust.
- F12. These shares are held directly by the Comack Trust-B, a grantor retained annuity trust formed under the laws of the State of New Hampshire. The reporting person is the sole trustee of the Comack Trust-B.
- F13. These shares are held directly by the Abbott Brook Trust-B, a grantor retained annuity trust formed under the laws of the State of New Hampshire. The reporting person is the sole trustee of the Abbott Brook Trust-B.
- F14. These shares are held directly by the Abbott Brook Trust II, a grantor retained annuity trust formed under the laws of the State of New Hampshire. The reporting person is the sole trustee of the Abbott Brook Trust II.
- F2. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.32 to $86.24 per share, inclusive. The reporting person undertakes to provide PC Connection, Inc., any security holder of PC Connection, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
- F3. These shares are held directly by the David Hall Trust 2003, an irrevocable trust formed under the laws of the State of New Hampshire. Ms. Gallup serves as the sole trustee and is the sole beneficiary of the shares held by the David Hall Trust 2003.
- F4. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.46 to $87.45 per share, inclusive. The reporting person undertakes to provide PC Connection, Inc., any security holder of PC Connection, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
- F5. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.46 to $87.53 per share, inclusive. The reporting person undertakes to provide PC Connection, Inc., any security holder of PC Connection, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
- F6. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.43 to $84.42 per share, inclusive. The reporting person undertakes to provide PC Connection, Inc., any security holder of PC Connection, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
- F7. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.44 to $85.34 per share, inclusive. The reporting person undertakes to provide PC Connection, Inc., any security holder of PC Connection, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
- F8. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.75 to $85.89 per share, inclusive. The reporting person undertakes to provide PC Connection, Inc., any security holder of PC Connection, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
- F9. The reporting person disclaims beneficial ownership of these securities, except to the extent of such person's pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
Key Figures
Shares sold: 14,284 shares
Sale tranche price (3,968 shares): $85.79 per share
Sale tranche price (3,041 shares): $87.01 per share
+3 more
6 metrics
Shares sold
14,284 shares
Total PC Connection common shares sold indirectly by David Hall Trust 2003 on August 4–5, 2026
Sale tranche price (3,968 shares)
$85.79 per share
Weighted average price for 3,968 common shares sold on August 4, 2026
Sale tranche price (3,041 shares)
$87.01 per share
Weighted average price for 3,041 common shares sold on August 4, 2026
Direct holdings after transactions
533,258 shares
Common shares held directly by Patricia Gallup as of August 4, 2026
Indirect spouse holdings
15,133 shares
Common shares held indirectly by spouse; beneficial ownership disclaimed except for any pecuniary interest
Rule 10b5-1 plan adoption date
March 9, 2026
Adoption date of the David Hall Trust 2003 Rule 10b5-1 trading plan governing these sales
Key Terms
Rule 10b5-1 trading plan, grantor retained annuity trust, irrevocable trust, weighted average price, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the David Hall Trust 2003."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
grantor retained annuity trust financial
"Abbott Brook Trust is a grantor retained annuity trust formed under New Hampshire law."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
irrevocable trust financial
"The North Branch Trust is an irrevocable trust formed under the laws of the State of New Hampshire."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
weighted average price financial
"The reported price is a weighted average price; shares were sold in multiple transactions within a stated range."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
pecuniary interest financial
"The reporting person disclaims beneficial ownership of these securities except to the extent of such person's pecuniary interest therein."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Who executed the insider sale reported for PC Connection (CNXN)?
The sales were executed by the David Hall Trust 2003, an irrevocable trust for which PC Connection Chair and Chief Administrative Officer Patricia Gallup is the sole trustee and sole beneficiary of the shares held by the trust.
Were the PC Connection (CNXN) insider sales made under a Rule 10b5-1 plan?
Yes. A footnote specifies that all reported sales were effected under a Rule 10b5-1 trading plan adopted by the David Hall Trust 2003 on March 9, 2026, indicating they followed a pre-arranged trading schedule.