Timothy J. McGrath - 01 Apr 2023 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role: President & CEO
Signature: /s/Timothy J. McGrath
Issuer symbol: CNXN
Transactions as of: 01 Apr 2023
Net transactions value: -$176,918
Form type: 4
Filing time: 03 Apr 2023, 21:11:35 UTC
Previous filing: 19 Dec 2022
Next filing: 11 Aug 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CNXN	Common Stock	Options Exercise	$0	+10,000	+3.1%	$0.000000	334,925	01 Apr 2023	Direct	F1
transaction	CNXN	Common Stock	Tax liability	$176,918	-3,935	-1.2%	$44.96	330,990	01 Apr 2023	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	-10,000	-20%	$0.000000	40,000	01 Apr 2023	Common Stock	10,000		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 February 13, 2018; 10,000 of the shares vested on April 1, 2023, and the remaining shares are scheduled to vest as follows: 10,000 shares each year on April 1 through 2027.