Gallup Patricia - Jan 25, 2023 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Signature
/s/Patricia Gallup
Stock symbol
CNXN
Transactions as of
Jan 25, 2023
Transactions value $
-$328,671
Form type
4
Date filed
1/27/2023, 03:08 PM
Previous filing
Jan 23, 2023
Next filing
Feb 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNXN Common Stock Sale -$198K -4.11K -0.06% $48.21 7.07M Jan 25, 2023 By Estate F1, F2, F3
transaction CNXN Common Stock Sale -$130K -2.7K -0.04% $48.29 7.07M Jan 26, 2023 By Estate F1, F3, F4
holding CNXN Common Stock 2.07M Jan 25, 2023 Direct
holding CNXN Common Stock 290K Jan 25, 2023 By Spouse F5
holding CNXN Common Stock 5M Jan 25, 2023 By Trust F5, F6
* 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 Estate of David McLellan Hall (the Estate) on November 10, 2022.
F2 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.03 to $48.45 per share, inclusive. The reporting persons 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 These shares are held directly by the Estate, for which Patricia Gallup serves as executor. Ms. Gallup is also the beneficiary of trusts which will receive the balance of the Estate.
F4 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.15 to $48.43 per share, inclusive. The reporting persons undertake 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.
F5 The reporting persons disclaim 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 persons are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F6 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.