Comack Trust - May 8, 2024 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role
10%+ Owner
Signature
/s/ Patricia Gallup, as trustee of the Comack Trust
Stock symbol
CNXN
Transactions as of
May 8, 2024
Transactions value $
$0
Form type
4
Date filed
5/10/2024, 06:00 PM
Previous filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNXN Common Stock Gift $0 -621K -100% $0.00* 0 May 8, 2024 By Trust F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Comack Trust is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 These shares were previously held directly by the Comack Trust, a grantor retained annuity trust formed under the laws of the State of New Hampshire. Patricia Gallup was the sole trustee and sole annuitant of the Comack Trust. Pursuant to the terms of the trust agreement establishing the Comack Trust, the Comack Trust distributed 2,539,948 and 1,838,745 shares of the Issuer's common stock as annuity payments to Ms. Gallup on May 8, 2023 and May 8, 2024, respectively, for no consideration. On May 8, 2024, the Comack Trust distributed the remaining 621,307 shares of the Issuer's common stock held by it to a spillover trust for no consideration after which the Comack Trust expired pursuant to its terms.