PC Connection chair sells 14,308 CNXN shares via trusts
PC Connection, Inc. insider activity: Chairman and Chief Administrative Officer Patricia Gallup reported open-market sales of 14,308 shares of PC Connection common stock on June 8–9, 2026, at prices in the low-$70s per share.
Rhea-AI Filing Summary
PC Connection, Inc. insider activity: Chairman and Chief Administrative Officer Patricia Gallup reported open-market sales of 14,308 shares of PC Connection common stock on June 8–9, 2026, at prices in the low-$70s per share. The sales were executed indirectly through trusts, including the David Hall Trust 2003, under a Rule 10b5-1 trading plan adopted by that trust on March 9, 2026. After these transactions, Gallup continues to hold 7,035,676 shares indirectly, primarily through several New Hampshire grantor retained annuity and irrevocable trusts, and 2,533,258 shares directly, remaining a significant shareholder.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 14,308 shares
Net Sell
10 txns
Insider
GALLUP PATRICIA, PC CONNECTION INC
Role
Chairman & Chief Admin Officer | 10% Owner
Sold
14,308 shs ($1.03M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,692 | $71.63 | $264K |
| Sale | Common Stock | 3,692 | $72.20 | $267K |
| Sale | Common Stock | 6,379 | $72.05 | $460K |
| Sale | Common Stock | 545 | $72.61 | $40K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 11,209,584 shares (Indirect, By Trust);
Common Stock — 2,533,258 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 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.
- F11. 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.
- F2. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.51 to $72.50 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.
- 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 $72.52 to $72.78 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 $71.03 to $72.02 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 $72.03 to $72.78 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 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.
- F8. 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.
- F9. 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.
Key Figures
Shares sold: 14,308 shares
Sale price 1: $72.20 per share
Sale price 2: $71.63 per share
+4 more
7 metrics
Shares sold
14,308 shares
Total net shares sold in open-market transactions on June 8–9, 2026
Sale price 1
$72.20 per share
Weighted average price for 3,692 shares sold on June 9, 2026
Sale price 2
$71.63 per share
Weighted average price for 3,692 shares sold on June 9, 2026
Sale price 3
$72.61 per share
Weighted average price for 545 shares sold on June 8, 2026
Sale price 4
$72.05 per share
Weighted average price for 6,379 shares sold on June 8, 2026
Indirect holdings after trades
7,035,676 shares
Indirect common stock holdings following reported sales
Direct holdings after trades
2,533,258 shares
Direct common stock holdings as of June 8, 2026 entry
Key Terms
Rule 10b5-1 trading plan, grantor retained annuity trust, weighted average price, irrevocable trust, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 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
"a grantor retained annuity trust formed under the laws of the State of New Hampshire"
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.
weighted average price financial
"The reported price is a weighted average price. These shares were sold in multiple transactions"
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.
irrevocable trust financial
"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.
beneficial ownership regulatory
"The reporting person disclaims beneficial ownership of these securities, except to the extent of such person's pecuniary interest therein"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Patricia Gallup report for PC Connection (CNXN)?
Patricia Gallup reported open-market sales totaling 14,308 PC Connection (CNXN) common shares. The trades occurred on June 8–9, 2026, at prices in the low-$70s, and were executed indirectly through trusts she oversees.
Was the PC Connection (CNXN) insider sale made under a Rule 10b5-1 plan?
Yes. A footnote states the sales were effected under a Rule 10b5-1 trading plan adopted by the David Hall Trust 2003 on March 9, 2026. Such plans pre-schedule trades, indicating a structured, pre-arranged selling program.
Through what entities are the indirect PC Connection (CNXN) holdings maintained?
Indirect holdings are maintained via multiple trusts, including the David Hall Trust 2003, Comack Trust-B, Abbott Brook Trust, Abbott Brook Trust-B, and North Branch Trust. These are grantor retained annuity or irrevocable trusts formed under New Hampshire law with Gallup as sole trustee.
AI-generated analysis. How Rhea-AI works. Not financial advice.
