Gallup Patricia - Dec 17, 2022 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, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/19/2022, 03:05 PM
Previous filing: Dec 16, 2022
Next filing: Dec 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CNXN	Common Stock	Options Exercise	$0	+1.25K	+0.06%	$0.00	2.07M	Dec 17, 2022	Direct	F1
holding	CNXN	Common Stock						7.11M	Dec 17, 2022	By Estate	F2
holding	CNXN	Common Stock						290K	Dec 17, 2022	By Spouse	F3
holding	CNXN	Common Stock						5M	Dec 17, 2022	By Trust	F3, F4

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	-1.25K	-25%	$0.00	3.75K	Dec 17, 2022	Common Stock	1.25K		Direct	F1, F5

* 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	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 is also the beneficiary of trusts which will receive the balance of the Estate.
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	These shares are held directly by the Comack Trust, a grantor retained annuity trust formed under the laws of the State of New Hampshire. The reporting person is the sole trustee and sole annuitant of the Comack Trust.
F5	The restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2020 Stock Incentive Plan on December 17, 2021; 1,250 of the shares vested on December 17, 2022, and the remaining shares are scheduled to vest as follows: 1,250 shares annually on December 17, 2023 through December 17, 2025. The restricted stock units have an expiration date of December 16, 2031.