Gallup Patricia - Dec 17, 2023 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 Gallup Patricia
Stock symbol: CNXN
Transactions as of: Dec 17, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/19/2023, 04:27 PM
Previous filing: Sep 19, 2023
Next filing: Mar 18, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CNXN	Common Stock	Options Exercise	$0	+1.25K	+0.03%	$0.00	4.6M	Dec 17, 2023	Direct	F1
holding	CNXN	Common Stock						162K	Dec 17, 2023	By Estate	F2, F3
holding	CNXN	Common Stock						15.1K	Dec 17, 2023	By Spouse	F3
holding	CNXN	Common Stock						2.46M	Dec 17, 2023	By Trust	F3, F4
holding	CNXN	Common Stock						6.88M	Dec 17, 2023	By Trust	F3, F5
holding	CNXN	Common Stock						275K	Dec 17, 2023	By Trust	F3, F6

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	-33.33%	$0.00	2.5K	Dec 17, 2023	Common Stock	1.25K		Direct	F1, F7

* 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 shares held by 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	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.
F6	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.
F7	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, 2023, and the remaining shares are scheduled to vest as follows: 1,250 shares annually on December 17, 2024 through December 17, 2025. The restricted stock units have an expiration date of December 16, 2031.