Timothy J. McGrath - 01 Sep 2024 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role
President & CEO
Signature
/s/Timothy J. McGrath
Issuer symbol
CNXN
Transactions as of
01 Sep 2024
Net transactions value
-$575,140
Form type
4
Filing time
03 Sep 2024, 16:07:22 UTC
Previous filing
08 Aug 2024
Next filing
30 Oct 2024
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 +12,000 +4.6% $0.000000 275,068 01 Sep 2024 Direct
transaction CNXN Common Stock Tax liability $345,084 -4,722 -1.7% $73.08 270,346 01 Sep 2024 Direct
transaction CNXN Common Stock Options Exercise $0 +8,000 +3% $0.000000 278,346 01 Sep 2024 Direct
transaction CNXN Common Stock Tax liability $230,056 -3,148 -1.1% $73.08 275,198 01 Sep 2024 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 -12,000 -35% $0.000000 22,000 01 Sep 2024 Common Stock 12,000 Direct F1, F2
transaction CNXN Restricted Stock Units Options Exercise $0 -8,000 -50% $0.000000 8,000 01 Sep 2024 Common Stock 8,000 Direct F1, F3
* 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 March 1, 2016; 12,000 of the shares vested on September 1, 2024, and the remaining shares are scheduled to vest as follows: 7,000 shares on September 1, 2025; 10,000 shares on September 1, 2026; and 5,000 shares on September 1, 2027.
F3 The restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan on October 30, 2014; 8,000 of the shares vested on September 1, 2024, and the remaining shares are scheduled to vest 8,000 shares on September 1, 2025.