| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CNXN | Common Stock | Sale | -$124K | -2.6K | -1.56% | $47.84 | 164K | Jul 27, 2023 | By Estate | F1, F2, F3 |
| transaction | CNXN | Common Stock | Sale | -$86.5K | -1.8K | -1.1% | $48.08 | 162K | Jul 28, 2023 | By Estate | F3, F4 |
| holding | CNXN | Common Stock | 4.61M | Jul 27, 2023 | Direct | ||||||
| holding | CNXN | Common Stock | 15.1K | Jul 27, 2023 | By Spouse | F5 | |||||
| holding | CNXN | Common Stock | 2.46M | Jul 27, 2023 | By Trust | F5, F6 | |||||
| holding | CNXN | Common Stock | 6.88M | Jul 27, 2023 | By Trust | F5, F7 | |||||
| holding | CNXN | Common Stock | 275K | Jul 27, 2023 | By Trust | F5, F8 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| 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 $47.54 to $48.07 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 | 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 shares held by the Estate. |
| F4 | The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.70 to $48.60 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. |
| 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. |
| F7 | These shares are held directly by the David Hall Trust 2003, an irrevocable trust formed under the laws of the State of New Hampshire. Ms. Gallup serves as the sole trustee and is the sole beneficiary of the shares held by the David Hall Trust 2003. |
| F8 | These shares are held directly by the North Branch Trust, an irrevocable trust formed under the laws of the State of New Hampshire. Ms. Gallup serves as the sole trustee of the North Branch Trust. |