Thomas C. Baker - Oct 29, 2021 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role: Sr. VP, CFO & Treasurer
Signature: /s/ Thomas C. Baker
Stock symbol: CNXN
Transactions as of: Oct 29, 2021
Transactions value $: -$42,090
Form type: 4
Date filed: 11/1/2021, 08:24 PM
Next filing: Dec 21, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CNXN	Common Stock	Options Exercise	$0	+3.75K	+37.22%	$0.00	13.8K	Oct 29, 2021	Direct	F1
transaction	CNXN	Common Stock	Tax liability	-$42.1K	-914	-6.61%	$46.05	12.9K	Oct 29, 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CNXN	Restricted Stock Units	Options Exercise	$0	-3.75K	-33.33%	$0.00	7.5K	Oct 29, 2021	Common Stock	3.75K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock units convert into common stock on a one-for-one basis.
F2	The restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan on October 29, 2019; 3,750 of the shares vested on October 29, 2021, and the remaining shares are scheduled to vest as follows: 3,750 shares annually on October 29, 2022 through October 29, 2023. The restricted stock units have an expiration date of October 29, 2031.