[SCHEDULE 13D/A] PC Connection Inc SEC Filing

Rhea-AI Filing Summary

Amendment No. 11 to a Schedule 13D updates beneficial ownership information for PC Connection, Inc. (CNXN). As of the close of business on August 21, 2025 the filing reports that Patricia Gallup, through direct holdings and her roles as trustee/executor of several trusts and an estate, may be deemed to beneficially own 13,782,533 shares, representing 54.4% of the 25,326,048 shares outstanding. The filing breaks out holdings: 4,450,345 shares directly held by Ms. Gallup, 6,879,962 held by the David Hall Trust 2003, 2,000,000 in the Abbott Brook Trust, 275,000 in the North Branch Trust, and 162,093 held by the Estate. The amendment states recent issuer repurchases between March and August 2025 reduced shares outstanding and thereby passively increased the reporting persons’ ownership percentages. The filing includes a joint filing agreement as an exhibit.

Positive

• Majority ownership (54.4%) by related parties provides continuity and potential stability in corporate strategy
• Full disclosure of trust and estate holdings and trustee roles increases transparency for investors
• Repurchase details disclosed clarify that ownership percentage rose passively due to fewer shares outstanding

Negative

• Highly concentrated ownership (54.4%) significantly limits public float and may reduce liquidity for other shareholders
• Concentrated voting power could constrain minority shareholder influence on governance and corporate actions

Insights

Financial Analyst

TL;DR: The filing shows majority ownership (54.4%) by related parties, signaling continued control and limited public float.

Patricia Gallup and affiliated trusts collectively control a majority stake in CNXN, which is material for investors because it implies concentrated voting power and potential influence over strategic decisions, board composition and corporate actions. The reported passive increase arose from the issuer's share repurchases, not new purchases by the reporting persons, so the ownership change reflects shrinking float rather than active accumulation. For valuation or liquidity analysis, note the 54.4% aggregate stake and the direct trust holdings of 6.88 million and 2.0 million shares, which meaningfully reduce freely traded supply.

Corporate Governance Expert

TL;DR: Majority ownership through family trusts indicates sustained control and governance continuity, with attendant minority-holder considerations.

The structure—direct holdings plus multiple trusts and an estate under Ms. Gallup’s control—creates a stable controlling bloc, which can enable long-term strategy but also concentrates decision-making. The filing explicitly discloses trustee roles and disclaimers of beneficial ownership for certain spouse/Trust-held shares where stated. The passive ownership increase due to repurchases is transparent in the amendment. Investors should note the existence of a joint filing agreement and the explicit percentages: 54.4% aggregate, 27.2% for the David Hall Trust 2003, and 7.9% for Abbott Brook Trust.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 11)

PC CONNECTION, INC.

(Name of Issuer)

Common Stock par value $.01 per share

(Title of Class of Securities)

69318J100

(CUSIP Number)

Patricia Gallup
Rt. 101A, 730 Milford Road,
Merrimack, NH, 03054
(603) 683-2000

Abbott Brook Trust
Rt. 101A, 730 Milford Road,
Merrimack, NH, 03054
(603) 683-2000

David Hall Trust 2003
Rt. 101A, 730 Milford Road,
Merrimack, NH, 03054
(603) 683-2000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/21/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 69318J100

1

Name of reporting person

Patricia Gallup

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW HAMPSHIRE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 4,450,345.00
8	Shared Voting Power 9,332,188.00
9	Sole Dispositive Power 4,450,345.00
10	Shared Dispositive Power 9,332,188.00

11

Aggregate amount beneficially owned by each reporting person

13,782,533.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

54.4 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

The share amount in rows 8, 10, and 11 includes (i) 4,450,345 shares of common stock, par value $0.01 per share ("Common Stock"), of PC Connection, Inc., a Delaware corporation (the "Issuer") held by Ms. Gallup, (ii) 6,879,962 shares of the Issuer's Common Stock held by an irrevocable trust of which Ms. Gallup is the sole trustee and sole lifetime beneficiary of the shares held by such trust (the "David Hall Trust 2003"), (iii) 162,093 shares of the Issuer's Common Stock held by The Estate of David McLellan Hall, for which Ms. Gallup serves as executor (the "Estate"), (iv) 275,000 shares of the Issuer's Common Stock held by an irrevocable trust formed under the laws of the state of New Hampshire of which Ms. Gallup is the sole trustee (the "North Branch Trust"), (v) 2,000,000 shares of the Issuer's Common Stock held by a grantor retained annuity trust of which Patricia Gallup is the sole trustee and sole annuitant (the "Abbott Brook Trust"), and (vi) 15,133 shares of the Issuer's Common Stock held by Ms. Gallup's spouse, as to which Ms. Gallup disclaims beneficial ownership. The percentage in row 13 is based upon 25,326,048 shares of the Issuer's Common Stock outstanding on August 21, 2025, based upon information provided by the Issuer.

SCHEDULE 13D

CUSIP No. 69318J100

1

Name of reporting person

Abbott Brook Trust

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW HAMPSHIRE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,000,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,000,000.00

11

Aggregate amount beneficially owned by each reporting person

2,000,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

On September 16, 2024, for estate planning purposes, Patricia Gallup contributed 2,000,000 shares of Common Stock to the Abbott Brook Trust for no consideration. Under the trust agreement establishing the Abbott Brook Trust, Ms. Gallup serves as sole trustee of the Abbott Brook Trust. The percentage in row 13 is based upon 25,326,048 shares of the Issuer's Common Stock outstanding on August 21, 2025, based upon information provided by the Issuer.

SCHEDULE 13D

CUSIP No. 69318J100

1

Name of reporting person

David Hall Trust 2003

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW HAMPSHIRE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 6,879,962.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 6,879,962.00

11

Aggregate amount beneficially owned by each reporting person

6,879,962.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

27.2 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The Estate, on March 13, 2023, transferred 6,879,962 shares of the Issuer's Common Stock to the David Hall Trust 2003 at the direction of Ms. Gallup, in her capacity as executor, for no consideration in order to facilitate the administration of certain assets of the Estate. Ms. Gallup serves as the sole trustee and is the sole lifetime beneficiary of the shares held by the David Hall Trust 2003. The percentage in row 13 is based upon 25,326,048 shares of the Issuer's Common Stock outstanding on August 21, 2025, based upon information provided by the Issuer.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock par value $.01 per share
(b)	Name of Issuer: PC CONNECTION, INC.
(c)	Address of Issuer's Principal Executive Offices: Rt. 101A, 730 Milford Road, Merrimack, NEW HAMPSHIRE , 03054.
Item 1 Comment: This Amendment No. 11 ("Amendment No. 11") amends the statement on Schedule 13D initially filed by the 1998 PC Connection Voting Trust (the "Voting Trust"), David Hall and Patricia Gallup on April 23, 2004 (the "Original Schedule 13D"), as amended and supplemented by Amendment No. 1 to the Original Schedule 13D, filed on February 12, 2013, as amended and supplemented by Amendment No. 2 to the Original Schedule 13D, filed on January 31, 2014, as amended and supplemented by Amendment No. 3 to the Original Schedule 13D, filed on May 27, 2014, as amended and supplemented by Amendment No. 4 to the Original Schedule 13D, filed on September 27, 2021, as amended and supplemented by Amendment No. 5 to the Original Schedule 13D, filed on December 22, 2021, as amended and supplemented by Amendment No. 6 to the Original Schedule 13D, filed on May 12, 2022, as amended and supplemented by Amendment No. 7 to the Original Schedule 13D, filed on March 15, 2023, as amended and supplemented by Amendment No. 8 to the Original Schedule 13D, filed on May 10, 2024, as amended and supplemented by Amendment No. 9 to the Original Schedule 13D, filed on September 18, 2024, as amended and supplemented by Amendment No. 10 to the Original Schedule 13D, filed on March 24, 2025 (as amended and supplemented, the "Schedule 13D") relating to shares of Common Stock of the Issuer. Except as otherwise set forth herein, this Amendment No. 11 does not modify any of the information previously reported in the Schedule 13D.
Item 4.	Purpose of Transaction
	The seventh paragraph of Item 4 is hereby amended and restated as follows: The Issuer has historically maintained a share repurchase program for the purchase of shares of Common Stock from time to time. As a result of repurchases under this program during March 2025, as well as subsequent repurchases from March 2025 through August 2025, the number of shares of outstanding Common Stock decreased, and consequently, the percentage of shares of Common Stock beneficially owned by the Reporting Persons as of each of March 20, 2025 and August 21, 2025, passively increased.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is amended and restated in its entirety as follows: The aggregate percentage of Common Stock reported owned by each person named herein is based upon 25,326,048 shares of the Issuer's Common Stock outstanding on August 21, 2025, based upon information provided by the Issuer. A. Patricia Gallup As of close of business on August 21, 2025, Patricia Gallup, as the sole trustee and sole lifetime beneficiary of the shares held by the David Hall Trust 2003, the executor of the Estate, the sole trustee of the North Branch Trust, the sole trustee and sole annuitant of the Abbott Brook Trust and by virtue of her spouse's holdings, may be deemed to beneficially own (i) 6,879,962 shares of Common Stock owned directly by the David Hall Trust 2003, (ii) 162,093 shares of Common Stock owned directly by the Estate, (iii) 2,000,000 shares of Common Stock owned directly by the Abbott Brook Trust, (iv) 275,000 shares of Common Stock owned directly by North Branch Trust, as to which Ms. Gallup disclaims beneficial ownership, (v) 15,133 shares of Common Stock owned directly by her spouse, as to which Ms. Gallup disclaims beneficial ownership, and (vi) 4,450,345 shares of Common Stock owned directly by Ms. Gallup. Percentage: 54.4% B. Abbott Brook Trust As of close of business on August 21, 2025, the Abbott Brook Trust directly and beneficially owned 2,000,000 shares of Common Stock. Percentage: 7.9% C. David Hall Trust 2003 As of close of business on August 21, 2025, the David Hall Trust 2003 directly and beneficially owned 6,879,962 shares of Common Stock. Percentage: 27.2%
Item 7.	Material to be Filed as Exhibits.
	Exhibit 1. Joint Filing Agreement, dated as of August 25, 2025, by and among the Reporting Persons.** **Filed herewith

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Patricia Gallup

Signature:	/s/ Patricia Gallup
Name/Title:	Patricia Gallup
Date:	08/25/2025

Abbott Brook Trust

Signature:	/s/ Patricia Gallup
Name/Title:	Patricia Gallup, as Trustee
Date:	08/25/2025

David Hall Trust 2003

Signature:	/s/ Patricia Gallup
Name/Title:	Patricia Gallup, as Trustee
Date:	08/25/2025

FAQ

How many PC Connection (CNXN) shares does Patricia Gallup beneficially own?

As of August 21, 2025 Patricia Gallup may be deemed to beneficially own 13,782,533 shares, representing 54.4% of outstanding shares.

What trusts hold CNXN stock related to Patricia Gallup and how many shares do they own?

The filing shows the David Hall Trust 2003 owns 6,879,962 shares and the Abbott Brook Trust owns 2,000,000 shares; other trusts and an estate hold additional shares.

Did the reporting persons purchase additional shares to increase ownership percentage?

No. The amendment states the ownership percentage passively increased due to the Issuer's share repurchases from March through August 2025 which reduced outstanding shares.

What percentage of CNXN does the David Hall Trust 2003 represent?

The David Hall Trust 2003 directly and beneficially owned 6,879,962 shares, representing 27.2% of the class as of August 21, 2025.

Is there an agreement among the reporting persons?

Yes. The filing lists a Joint Filing Agreement dated August 25, 2025, included as an exhibit to the amendment.