PC Connection (NASDAQ: CNXN) chair’s trust offloads 14,284 shares
Rhea-AI Filing Summary
PC Connection, Inc. (CNXN) insider Patricia Gallup, Chairman & Chief Admin Officer and a ten percent owner, reported indirect sales of common stock by the David Hall Trust 2003 on August 17–18, 2026. The trust sold a total of 14,284 shares in multiple open-market transactions at weighted average prices around the high-$70s to low-$80s per share, including 5,066 shares at $78.16 and 3,220 shares at $78.83. The sales were made pursuant to a Rule 10b5-1 trading plan adopted on March 9, 2026. Following these transactions, Gallup is reported as holding 533,258 CNXN shares directly and 15,133 shares indirectly through a spouse, in addition to 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, David Hall Trust 2003
Role
Chairman & Chief Admin Officer | 10% Owner
Sold
14,284 shs ($1.12M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F6, F3 | 3,922 | $78.36 | $307K |
| Sale | Common Stock F1, F7, F3 | 3,220 | $78.83 | $254K |
| Sale | Common Stock F1, F2, F3 | 5,066 | $78.16 | $396K |
| Sale | Common Stock F1, F4, F3 | 1,358 | $79.61 | $108K |
| Sale | Common Stock F1, F5, F3 | 718 | $80.21 | $58K |
| 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 — 13,138,164 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 $77.71 to $78.65 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 $78.92 to $79.86 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 $80.02 to $80.68 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 $77.60 to $78.59 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 $78.60 to $79.35 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
Sale on 2026-08-18: 3,922 shares at $78.36
Sale on 2026-08-18: 3,220 shares at $78.83
+5 more
8 metrics
Total shares sold
14,284 shares
Aggregate CNXN common shares sold indirectly by David Hall Trust 2003 on Aug. 17–18, 2026
Sale on 2026-08-18
3,922 shares at $78.36
Indirect sale of CNXN common stock by trust on August 18, 2026
Sale on 2026-08-18
3,220 shares at $78.83
Indirect sale of CNXN common stock by trust on August 18, 2026
Sale on 2026-08-17
5,066 shares at $78.16
Indirect sale of CNXN common stock by trust on August 17, 2026
Sale on 2026-08-17
1,358 shares at $79.61
Indirect sale of CNXN common stock by trust on August 17, 2026
Sale on 2026-08-17
718 shares at $80.21
Indirect sale of CNXN common stock by trust on August 17, 2026
Direct holdings after transaction
533,258 shares
CNXN common stock held directly by Patricia Gallup as of August 17, 2026
Indirect holdings by spouse
15,133 shares
CNXN common stock held indirectly by spouse, with beneficial ownership disclaimed except pecuniary interest
Key Terms
Rule 10b5-1 trading plan, grantor retained annuity trust, weighted average price, pecuniary interest
4 terms
Rule 10b5-1 trading plan regulatory
"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.
pecuniary interest financial
"disclaims beneficial ownership of these securities, except to the extent of such person's pecuniary interest"
FAQ
What insider transactions in CNXN stock did Patricia Gallup report on August 17–18, 2026?
Patricia Gallup reported indirect sales of 14,284 CNXN shares by the David Hall Trust 2003 on August 17–18, 2026, executed in multiple open-market transactions at weighted average prices in the high-$70s to low-$80s per share.
At what prices were the recent CNXN insider sales by the David Hall Trust 2003 executed?
The trust’s CNXN sales were executed at weighted average prices including $78.16, $78.36, $78.83, $79.61, and $80.21 per share, with each reported price representing trades across specific price ranges disclosed in the footnotes.
Were the recent CNXN insider sales made under a Rule 10b5-1 trading plan?
Yes. The filing states the CNXN sales were effected under a Rule 10b5-1 trading plan adopted by the David Hall Trust 2003 on March 9, 2026, indicating the transactions followed a pre-established selling program.
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