PC Connection chair's trust sells 13,372 shares
The trust's reported sales were made under a Rule 10b5-1 trading plan adopted on March 9, 2026.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
PC Connection, Inc. (CNXN) reported that David Hall Trust 2003 sold 5,570 shares at a weighted-average price of $92.42 and 1,572 shares at $93.06 on October 5, 2026; on October 6, it sold 6,174 shares at a weighted-average price of $92.07 and 56 shares at $92.95. 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 by the trust on March 9, 2026.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 13,372 shares
Net Sell
11 txns
Insider
GALLUP PATRICIA, David Hall Trust 2003
Role
Chairman & Chief Admin Officer | 10% Owner
Sold
13,372 shs ($1.23M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F5, F3 | 6,174 | $92.07 | $568K |
| Sale | Common Stock F1, F3 | 56 | $92.95 | $5K |
| Sale | Common Stock F1, F2, F3 | 5,570 | $92.42 | $515K |
| Sale | Common Stock F1, F4, F3 | 1,572 | $93.06 | $146K |
| 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 — 13,046,620 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 $91.93 to $92.92 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 $92.94 to $93.19 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 $91.71 to $92.53 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 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 and weighted-average price: 5,570 shares at $92.42 per share
Shares sold and weighted-average price: 1,572 shares at $93.06 per share
Shares sold and weighted-average price: 6,174 shares at $92.07 per share
+1 more
4 metrics
Shares sold and weighted-average price
5,570 shares at $92.42 per share
David Hall Trust 2003; October 5, 2026
Shares sold and weighted-average price
1,572 shares at $93.06 per share
David Hall Trust 2003; October 5, 2026
Shares sold and weighted-average price
6,174 shares at $92.07 per share
David Hall Trust 2003; October 6, 2026
Shares sold and price
56 shares at $92.95 per share
David Hall Trust 2003; October 6, 2026
Key Terms
Rule 10b5-1 trading plan, weighted average price, beneficial ownership
3 terms
Rule 10b5-1 trading plan regulatory
"pursuant to a Rule 10b5-1 trading plan"
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
"The 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What price ranges were reported for the CNXN trust sales?
On October 5, 2026, 5,570 shares had a weighted-average price of $92.42, with reported sale prices from $91.93 to $92.92, inclusive; 1,572 shares had a weighted-average price of $93.06, with prices from $92.94 to $93.19, inclusive. On October 6, 2026, 6,174 shares had a weighted-average price of $92.07, with prices from $91.71 to $92.53, inclusive.
AI-generated analysis. How Rhea-AI works. Not financial advice.
