PC Connection insider trust sells 14,284 shares
PC Connection Inc insider Patricia Gallup, Chairman & Chief Admin Officer and a ten percent owner, reported the sale of 14,284 shares of common stock on July 22–23, 2026 through the David Hall Trust 2003.
Rhea-AI Filing Summary
PC Connection Inc insider Patricia Gallup, Chairman & Chief Admin Officer and a ten percent owner, reported the sale of 14,284 shares of common stock on July 22–23, 2026 through the David Hall Trust 2003. The sales were executed at weighted-average prices between $79.28 and $81.21 per share under a Rule 10b5-1 trading plan. After these transactions she reports 533,258 shares held directly and 15,133 shares held indirectly by her spouse, for which she disclaims beneficial ownership except to her pecuniary interest, along with additional interests in several New Hampshire trusts.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 14,284 shares
Net Sell
12 txns
Insider
GALLUP PATRICIA, PC CONNECTION INC
Role
Chairman & Chief Admin Officer | 10% Owner
Sold
14,284 shs ($1.15M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F6, F3 | 6,575 | $80.52 | $529K |
| Sale | Common Stock F1, F7, F3 | 567 | $81.15 | $46K |
| Sale | Common Stock F1, F2, F3 | 3,667 | $79.28 | $291K |
| Sale | Common Stock F1, F4, F3 | 1,990 | $80.59 | $160K |
| Sale | Common Stock F1, F5, F3 | 1,485 | $81.21 | $121K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F8 | -- | -- | -- |
| holding | Common Stock F9 | -- | -- | -- |
| holding | Common Stock F10 | -- | -- | -- |
| holding | Common Stock F11 | -- | -- | -- |
| holding | Common Stock F12 | -- | -- | -- |
| holding | Common Stock F13 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,166,732 shares (Indirect, By Trust);
Common Stock — 533,258 shares (Direct);
Common Stock — 15,133 shares (Indirect, By Spouse)
Footnotes (13)
- 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 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.
- F11. 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.
- F12. 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.
- F13. 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.
- F2. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.90 to $79.80 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 $80.00 to $80.99 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 $81.00 to $81.57 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 $80.07 to $81.06 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 reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.07 to $81.25 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.
- F8. 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.
- F9. 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.
Key Figures
Total shares sold: 14,284 shares
Direct holdings after transactions: 533,258 shares
Spouse indirect holdings: 15,133 shares
+5 more
8 metrics
Total shares sold
14,284 shares
Aggregate common stock sold on July 22–23, 2026
Direct holdings after transactions
533,258 shares
Common stock held directly by Patricia Gallup as of July 22, 2026
Spouse indirect holdings
15,133 shares
Common stock held indirectly by spouse; beneficial ownership disclaimed except for pecuniary interest
Sale on 2026-07-22
3,667 shares at $79.28
Common stock sold indirectly by trust under Rule 10b5-1 plan
Sale on 2026-07-22
1,990 shares at $80.59
Common stock sold indirectly by trust under Rule 10b5-1 plan
Sale on 2026-07-22
1,485 shares at $81.21
Common stock sold indirectly by trust under Rule 10b5-1 plan
Sale on 2026-07-23
6,575 shares at $80.52
Common stock sold indirectly by trust under Rule 10b5-1 plan
Sale on 2026-07-23
567 shares at $81.15
Common stock sold indirectly by trust under Rule 10b5-1 plan
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"
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.
pecuniary interest financial
"disclaims beneficial ownership of these securities, except to the extent of such person's pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who is Patricia Gallup in relation to PC Connection (CNXN)?
Patricia Gallup is PC Connection’s Chairman & Chief Administrative Officer and a ten percent owner. She reports holdings both directly and indirectly through her spouse and several New Hampshire trusts, including the David Hall Trust 2003 where she serves as sole trustee and beneficiary.
Were the PC Connection (CNXN) insider sales made under a Rule 10b5-1 plan?
Yes. The filing 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-establish trading instructions, so the sales’ timing follows that pre-arranged schedule rather than discretionary decisions at the trade dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
