Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | CNXN | Common Stock | Sale | -$108K | -2.5K | -0.03% | $43.03 | 7.21M | Feb 2, 2022 | Direct | F1, F2 |
transaction | CNXN | Common Stock | Sale | -$131K | -3.01K | -0.04% | $43.36 | 7.21M | Feb 3, 2022 | Direct | F1, F3 |
holding | CNXN | Common Stock | 7.14M | Feb 2, 2022 | By Estate | F4 | |||||
holding | CNXN | Common Stock | 290K | Feb 2, 2022 | By Spouse | F5 |
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 $42.54 to $43.30 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 reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.15 to $43.85 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. |
F4 | These shares are held directly by the Estate of David McLellan Hall (the Estate), for which the reporting person serves as executor. The reporting person also is the beneficiary of trusts which will receive the balance of the Estate. The executor was appointed on January 28, 2021. Accordingly, as the executor and ultimate beneficiary of the Estate, the reporting person has a pecuniary interest in the Estate shares and had an obligation to include these shares in their Section 16 reports following the expiration of the 12-month deferred reporting period permitted by Rule 16a-2(d)(1). |
F5 | 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. |