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[Form 4] PC Connection Inc Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Patricia Gallup, a director, 10% owner and Chairman & Chief Admin Officer of PC Connection Inc. (CNXN), reported the vesting and acquisition of 500 restricted stock units that converted one-for-one into common stock on 09/01/2025. Following the reported transactions, Ms. Gallup directly beneficially owns 4,450,845 shares and holds several indirect stakes: 162,093 shares via an estate for which she is executor, 15,133 via spouse, and trust holdings of 6,879,962, 275,000, and 2,000,000 shares. The RSUs were originally granted on February 13, 2018, with ten annual vesting installments of 500 units beginning September 1, 2018.

Positive
  • 500 restricted stock units vested and converted one-for-one into common stock on 09/01/2025
  • Reporting person holds significant direct and indirect ownership, indicating alignment with shareholders
  • Transaction recorded as vesting (Code M), consistent with the 2018 grant schedule
Negative
  • None.

Insights

TL;DR: Routine insider vesting: 500 RSUs converted to shares, reinforcing long-term ownership but immaterial to total holdings.

Ms. Gallup received 500 restricted stock units that vested and converted into common stock on 09/01/2025 at a one-for-one ratio. The filing shows substantial existing positions held directly and indirectly through trusts and an estate; these holdings reflect concentrated ownership and management alignment with shareholders. The transaction code indicates standard vesting (code M). There is no cash purchase price for the converted units as reported.

TL;DR: Governance note: reporting person is a director and significant owner; vesting follows a prior grant schedule.

The Form 4 documents a scheduled vesting event from a 2018 grant (ten annual installments). Ms. Gallup serves as executor and trustee for several entities holding CNXN shares, which explains multiple indirect ownership lines. The filing is a routine disclosure of beneficial ownership changes and contains no indications of unusual or opportunistic insider trading.

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)
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 4,450,845 D
Common Stock 162,093 I By Estate(1)
Common Stock 15,133 I By Spouse(2)
Common Stock 6,879,962 I By Trust(3)
Common Stock 275,000 I By Trust(4)
Common Stock 2,000,000 I By Trust(5)
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 (6) 09/01/2025 M 500 (7) (7) Common Stock 500 $0.00 1,000 D
Explanation of Responses:
1. These shares are held directly by the Estate of David McLellan Hall (the Estate), for which the reporting person serves as executor. The reporting person is also the beneficiary of trusts which will receive the shares held by the Estate.
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 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.
4. 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.
5. 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.
6. The restricted stock units convert into common stock on a one-for-one basis.
7. 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 Gallup Patricia 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 Patricia Gallup report for CNXN on 09/01/2025?

The report discloses the vesting and acquisition of 500 restricted stock units that converted one-for-one into common stock on 09/01/2025.

How many shares does Patricia Gallup directly own after the reported transaction?

Following the transaction, Ms. Gallup directly beneficially owns 4,450,845 shares.

Does Patricia Gallup have indirect holdings in CNXN?

Yes. The Form 4 lists indirect holdings of 162,093 shares via an estate, 15,133 via spouse, and trusts holding 6,879,962, 275,000, and 2,000,000 shares.

What was the original grant and vesting schedule for the restricted stock units?

The RSUs were granted on February 13, 2018, with vesting scheduled in ten annual installments of 500 units beginning September 1, 2018.

What role does Patricia Gallup hold at PC Connection Inc. (CNXN)?

The filing identifies Ms. Gallup as a Director, 10% Owner, and Chairman & Chief Admin Officer.
Pc Connection Inc

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1.54B
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Electronics & Computer Distribution
Retail-catalog & Mail-order Houses
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United States
MERRIMACK