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PC Connection (NASDAQ: CNXN) chair exercises 5,000 RSUs into common stock

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PC Connection, Inc. director and executive Patricia Gallup exercised 5,000 restricted stock units into 5,000 shares of common stock on March 14, 2026. The units were granted under the 2020 Stock Incentive Plan on March 14, 2024. After the transaction, she directly holds 2,533,258 shares of common stock and 10,000 restricted stock units. Additional common shares are held indirectly by her spouse and several trusts for which she serves as trustee.

Positive

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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
GALLUP PATRICIA

(Last) (First) (Middle)
730 MILFORD ROAD

(Street)
MERRIMACK NH 03054

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PC CONNECTION INC [ CNXN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chairman & Chief Admin Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/14/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/14/2026 M 5,000 A $0.00(1) 2,533,258 D
Common Stock 15,133 I By Spouse(2)
Common Stock 906,837 I By Trust(3)
Common Stock 7,042,055 I By Trust(4)
Common Stock 275,000 I By Trust(5)
Common Stock 1,000,000 I By Trust(6)
Common Stock 2,000,000 I By Trust(7)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 03/14/2026 M 5,000 (8) (8) Common Stock 5,000 $0.00 10,000 D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive on share of common stock.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. The restricted stock units were granted under the PC Connection, Inc. 2020 Stock Incentive Plan on March 14, 2024. 5,000 shares vested on March 14, 2026, and the remaining shares are scheduled to vest as follows; 5,000 shares annually on March 14, 2027 through March 14, 2028.
Remarks:
/s/Timothy J. McGrath, attorney-in-fact for Gallup Patricia 03/16/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Patricia Gallup report for PC Connection (CNXN)?

Patricia Gallup reported exercising 5,000 restricted stock units into 5,000 shares of PC Connection common stock. The restricted stock units were part of a prior equity grant and vested on March 14, 2026, increasing her directly held common share ownership.

When were Patricia Gallup’s PC Connection restricted stock units granted and vested?

The restricted stock units were granted on March 14, 2024 under PC Connection’s 2020 Stock Incentive Plan. 5,000 units vested on March 14, 2026, with an additional 5,000 scheduled to vest annually on March 14, 2027 and March 14, 2028.

How many PC Connection shares does Patricia Gallup hold directly after this Form 4 filing?

Following the reported transaction, Patricia Gallup directly holds 2,533,258 shares of PC Connection common stock. She also holds 10,000 restricted stock units that remain unvested or unsettled, in addition to various indirect holdings through her spouse and several trusts.

What indirect PC Connection (CNXN) holdings are associated with Patricia Gallup?

Indirect holdings include shares held by her spouse and multiple New Hampshire trusts such as the Abbott Brook Trust, David Hall Trust 2003, North Branch Trust, Comack Trust-B, Abbott Brook Trust-B, and the Abbott Brook Trust-B. She generally serves as trustee for these entities.

Does Patricia Gallup claim full beneficial ownership of all indirectly held PC Connection shares?

The filing states that Patricia Gallup disclaims beneficial ownership of certain securities, except to the extent of her pecuniary interest. This standard legal language clarifies that some shares are held through related entities and may not be fully attributable to her personally.
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