Gallup Patricia - Dec 17, 2021 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role: Chairman & Chief Admin Officer, Director, 10%+ Owner
Signature: /s/Timothy J. McGrath, attorney-in-fact for Patricia Gallup
Stock symbol: CNXN
Transactions as of: Dec 17, 2021
Transactions value $: -$86,540
Form type: 4
Date filed: 12/21/2021, 07:24 PM
Previous filing: Dec 16, 2021
Next filing: Dec 30, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CNXN	Common Stock	Sale	-$86.5K	-2K	-0.03%	$43.27	7.23M	Dec 21, 2021	Direct	F1, F2
holding	CNXN	Common Stock						290K	Dec 17, 2021	By Spouse	F3

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	Award	$0	+5K		$0.00	5K	Dec 17, 2021	Common Stock	5K		Direct	F4, F5

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

Explanation of Responses:

Id	Content
F1	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 16, 2021.
F2	The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.65 to $43.63 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	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.
F4	Each restricted stock unit represents a contingent right to receive one share of common stock.
F5	The restricted stock units will vest in equal annual installments over a four-year period, with the first 25% of the restricted stock units vesting on December 17, 2022 and an additional 25% vesting on each anniversary thereafter until fully vested. The restricted stock units have an expiration date of December 16, 2031.