PC Connection: David Hall Trust sells 15,196 shares
Three sale entries involved multiple transactions, with an inclusive per-share range reported for each.
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Form Type
4
Rhea-AI Filing Summary
PC Connection (CNXN) reports that the David Hall Trust 2003 sold 15,196 shares on October 20 and 21, 2026. Patricia Gallup, the company’s Chairman & Chief Admin Officer, is the trust’s sole trustee and sole beneficiary of its shares. The sales were made under a Rule 10b5-1 trading plan adopted March 9, 2026. Three entries reported weighted-average prices: 7,925 shares at $86.56, 6,084 at $87.12 and 1,108 at $87.64 per share; the remaining 79 shares were reported at $87.33 per share.
Insider Trade Summary 10b5-1
Net Seller: 15,196 shares
Net Sell
11 txns
Insider
GALLUP PATRICIA, David Hall Trust 2003
Role
Chairman & Chief Admin Officer | 10% Owner
Sold
15,196 shs ($1.32M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F4, F3 | 6,084 | $87.12 | $530K |
| Sale | Common Stock F1, F5, F3 | 1,108 | $87.64 | $97K |
| Sale | Common Stock F1, F2, F3 | 7,925 | $86.56 | $686K |
| Sale | Common Stock F1, F3 | 79 | $87.33 | $7K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
| holding | Common Stock F8 | -- | -- | -- |
| holding | Common Stock F9 | -- | -- | -- |
| holding | Common Stock F10 | -- | -- | -- |
| holding | Common Stock F11 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,031,424 shares (Indirect, By Trust);
Common Stock — 583,362 shares (Direct);
Common Stock — 15,133 shares (Indirect, By Spouse)
Footnotes (11)
- 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 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.
- F11. These shares are held directly by the Abbott Brook Trust II-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 II-B.
- F2. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.16 to $87.07 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 $86.51 to $87.50 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 $87.53 to $87.87 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 reporting persons disclaim 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 persons are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F7. 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.
- F8. 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.
- F9. 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.
Key Figures
Shares sold: 15,196 shares
Shares sold and reported price: 7,925 shares at $86.56 per share
Shares sold and reported price: 6,084 shares at $87.12 per share
+2 more
5 metrics
Shares sold
15,196 shares
David Hall Trust 2003; October 20 and 21, 2026
Shares sold and reported price
7,925 shares at $86.56 per share
October 20, 2026; weighted-average price; transactions ranged from $86.16 to $87.07 per share, inclusive
Shares sold and reported price
6,084 shares at $87.12 per share
October 21, 2026; weighted-average price; transactions ranged from $86.51 to $87.07 per share, inclusive
Shares sold and reported price
1,108 shares at $87.64 per share
October 21, 2026; weighted-average price; transactions ranged from $87.53 to $87.87 per share, inclusive
Shares sold and reported price
79 shares at $87.33 per share
October 20, 2026
Key Terms
Rule 10b5-1 trading plan, weighted average price, beneficial ownership, grantor retained annuity trust
4 terms
Rule 10b5-1 trading plan regulatory
"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.
weighted average price financial
"reported price is a weighted average price"
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.
beneficial ownership regulatory
"disclaim beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
grantor retained annuity trust financial
"a grantor retained annuity trust formed under the laws"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What price ranges were reported for the CNXN trust sales?
The 7,925-share entry involved multiple transactions at prices ranging from $86.16 to $87.07 per share, inclusive; the 6,084-share entry ranged from $86.51 to $87.07; and the 1,108-share entry ranged from $87.53 to $87.87.
AI-generated analysis. How Rhea-AI works. Not financial advice.
