PC Connection insider filing: 500 RSUs converted to common stock for director

Rhea-AI Filing Summary

Jack L. Ferguson, a director of PC Connection Inc. (CNXN), reported acquisition of 500 shares of Common Stock on 09/01/2025 through the vesting of restricted stock units at a $0.00 price. After the transaction he beneficially owns 65,555 shares directly.

The filing notes the 500 restricted stock units were part of a grant made on February 13, 2018 that vests in ten annual installments of 500 units beginning September 1, 2018. The Form 4 was signed by an attorney-in-fact on 09/02/2025.

Positive

• 500 restricted stock units vested and converted into 500 shares of Common Stock on 09/01/2025.
• Post-transaction direct beneficial ownership is clearly reported as 65,555 shares.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider vesting—500 RSUs converted to common shares increases director's direct holdings modestly.

This Form 4 discloses a non-cash, scheduled vesting event converting 500 restricted stock units into 500 shares of Common Stock for director Jack L. Ferguson. The transaction code "M" indicates a conversion/vesting rather than an open-market purchase or sale. Post-transaction direct beneficial ownership is reported at 65,555 shares. For investors, this is a routine equity compensation occurrence with no cash consideration and no change to company outstanding shares reported here.

Corporate Governance Expert

TL;DR: Administrative disclosure of scheduled RSU vesting; no governance or control change disclosed.

The submission documents the mechanics of a 2018 RSU grant vesting schedule (ten annual installments of 500 units) and confirms compliance with Section 16 reporting via Form 4. The signature is by an attorney-in-fact, consistent with authorized filing practice. There are no indicia in this filing of departures, new appointments, or changes to director status.

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

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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^*

Ferguson Jack L

(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		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025

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	09/01/2025		M		500	A	$0.00	65,555	D

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)	09/01/2025		M			500	(2)	(2)	Common Stock	500	$0.00	1,000	D

Explanation of Responses:

1. The restricted stock units convert into common stock on a one-for-one basis.

2. The restricted stock units were granted on February 13, 2018, with vesting scheduled in ten annual installments of 500 units each commencing September 1, 2018.

Remarks:

	/s/Timothy J. McGrath, attorney-in-fact for Jack Ferguson	09/02/2025
	** 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 Jack L. Ferguson (CNXN) report on Form 4?

He reported the vesting conversion of 500 restricted stock units into 500 shares of Common Stock on 09/01/2025.

How many shares does Jack L. Ferguson beneficially own after the reported transaction?

The filing reports he beneficially owns 65,555 shares following the transaction.

What was the price paid for the shares acquired in the Form 4 filing for CNXN?

The shares were acquired at a reported price of $0.00, reflecting conversion of restricted stock units.

When were the restricted stock units originally granted that vested on 09/01/2025?

The restricted stock units were granted on February 13, 2018 with ten annual installments of 500 units beginning September 1, 2018.

Who signed the Form 4 for Jack L. Ferguson and when?

The Form 4 was signed by Timothy J. McGrath, attorney-in-fact for Jack Ferguson on 09/02/2025.