PC Connection insider sells 14,284 CNXN shares
PC Connection, Inc. insider Patricia Gallup, Chairman, Chief Administrative Officer and a more than 10% owner, reported open-market sales of 14,284 shares of common stock at weighted average prices of $72.17, $73.00 and $74.11 per share.
Rhea-AI Filing Summary
PC Connection, Inc. insider Patricia Gallup, Chairman, Chief Administrative Officer and a more than 10% owner, reported open-market sales of 14,284 shares of common stock at weighted average prices of $72.17, $73.00 and $74.11 per share. The sales were effected by the David Hall Trust 2003 pursuant to a Rule 10b5-1 trading plan. After these transactions, Gallup continues to hold large indirect positions through trusts, including 6,999,179 shares held by the David Hall Trust 2003, as well as 533,258 shares held directly and additional shares held by other trusts and a spouse account.
Positive
- None.
Negative
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Insider Trade Summary 10b5-1
Net Seller: 14,284 shares
Net Sell
10 txns
Insider
GALLUP PATRICIA, PC CONNECTION INC
Role
Chairman & Chief Admin Officer | 10% Owner
Sold
14,284 shs ($1.05M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,142 | $74.11 | $529K |
| Sale | Common Stock | 1,245 | $72.17 | $90K |
| Sale | Common Stock | 5,897 | $73.00 | $430K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,181,016 shares (Indirect, By Trust);
Common Stock — 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 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.
- F11. 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 $71.60 to $72.58 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 $72.70 to $73.26 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 $73.46 to $74.45 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 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.
- F7. 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.
- F8. 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.
- F9. 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.
Key Figures
Shares sold: 14,284 shares
Sale price 1: $72.17 per share
Sale price 2: $73.00 per share
+5 more
8 metrics
Shares sold
14,284 shares
Open-market sales of common stock reported on Form 4
Sale price 1
$72.17 per share
Weighted average price for 1,245-share sale on Jul 6, 2026
Sale price 2
$73.00 per share
Weighted average price for 5,897-share sale on Jul 6, 2026
Sale price 3
$74.11 per share
Weighted average price for 7,142-share sale on Jul 7, 2026
Indirect trust holding
6,999,179 shares
David Hall Trust 2003 position after Jul 7, 2026 sale
Direct holding
533,258 shares
Directly held common stock as of Jul 6, 2026
Trust holding example
2,000,000 shares
Post-transaction balance in one grantor retained annuity trust
Spouse account
15,133 shares
Indirect ownership reported as held by spouse
Key Terms
Rule 10b5-1 trading plan, grantor retained annuity trust, weighted average price, beneficial ownership
4 terms
Rule 10b5-1 trading plan financial
"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.
beneficial ownership financial
"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 CNXN’s Patricia Gallup report on this Form 4?
Patricia Gallup reported open-market sales of 14,284 shares of PC Connection common stock. The transactions were executed through a trust account over two days at weighted average prices between $72.17 and $74.11 per share, according to the Form 4 data.
Were Patricia Gallup’s CNXN stock sales made under a Rule 10b5-1 plan?
Yes. The Form 4 states the sales were effected under a Rule 10b5-1 trading plan adopted by the David Hall Trust 2003. Such plans pre-schedule trades, indicating the timing of these sales was set in advance rather than decided opportunistically.
What does the Form 4 reveal about Patricia Gallup’s overall CNXN ownership structure?
The filing shows a mix of direct and indirect ownership, including shares held by multiple grantor retained annuity trusts, an irrevocable trust and a spouse account. Gallup is disclosed as sole trustee for several trusts and as a more than 10% beneficial owner.
AI-generated analysis. How Rhea-AI works. Not financial advice.
