CNXN Form 4 reports acquisition/exercise transactions
GALLUP PATRICIA reported acquisition or exercise transactions in a Form 4 filing for CNXN.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
GALLUP PATRICIA reported acquisition or exercise transactions in a Form 4 filing for CNXN. The filing lists transactions totaling 10,000 shares. Following the reported transactions, holdings were 2,528,258 shares.
Insider Trade Summary
5,000 shares exercised/converted
Exercise
2 txns
Insider
GALLUP PATRICIA
Role
Chairman & Chief Admin Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,000 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 15,000 contracts (Direct);
Common Stock — 2,528,258 shares (Direct);
Common Stock — 15,133 shares (Indirect, By Spouse);
Common Stock — 11,223,892 shares (Indirect, By Trust)
Holdings Before and After:
Restricted Stock Units, 20,000 to 15,000 contracts (Direct);
Common Stock, 2,523,258 to 2,528,258 shares (Direct)
Footnotes (8)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock.
- F2. 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.
- 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. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. The restricted stock units were granted under the PC Connection, Inc. 2020 Stock Incentive Plan on February 10, 2025. 5,000 shares vested on February 10, 2026, and the remaining shares are scheduled to vest as follows; 5,000 shares annually on February 10, 2027 through February 10, 2029.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CNXN executive Patricia Gallup report on February 10, 2026?
Patricia Gallup exercised 5,000 restricted stock units into common stock on February 10, 2026. The exercise was reported with a price of $0.00 per share, indicating stock-based compensation rather than an open-market purchase, and increased her directly held common shares.
What restricted stock unit position does Patricia Gallup report in CNXN after the transaction?
Gallup reports beneficial ownership of 15,000 restricted stock units after the transaction. These RSUs were granted under the PC Connection, Inc. 2020 Stock Incentive Plan, with 5,000 shares vesting on February 10, 2026 and additional tranches scheduled annually through 2029.
How are Patricia Gallup’s indirect PC Connection (CNXN) holdings structured?
Gallup reports indirect CNXN holdings through a spouse and multiple New Hampshire trusts. These include shares held by a spouse and by the David Hall Trust 2003, North Branch Trust, Abbott Brook Trust, Comack Trust-B, and Abbott Brook Trust-B, where she serves as trustee and/or beneficiary.
Does the CNXN Form 4 disclose any stock sales by Patricia Gallup?
The Form 4 does not report any stock sales by Patricia Gallup. The only reported transaction is an exercise or conversion of 5,000 restricted stock units into common stock at $0.00 per share, with the remaining lines reflecting ongoing direct and indirect holdings.
What vesting schedule applies to Patricia Gallup’s CNXN restricted stock units?
The RSUs were granted on February 10, 2025 under the 2020 Stock Incentive Plan. According to the filing, 5,000 shares vested on February 10, 2026, and 5,000 additional shares are scheduled to vest annually on February 10, 2027, 2028, and 2029.
AI-generated analysis. How Rhea-AI works. Not financial advice.
