Timothy J. McGrath - 21 Nov 2024 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role
President & CEO
Signature
/s/Timothy J. McGrath
Issuer symbol
CNXN
Transactions as of
21 Nov 2024
Net transactions value
-$282,258
Form type
4
Filing time
22 Nov 2024, 16:07:46 UTC
Previous filing
30 Oct 2024
Next filing
18 Dec 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 +10,000 +3.6% $0.000000 288,230 21 Nov 2024 Direct F1
transaction CNXN Common Stock Tax liability $282,258 -3,935 -1.4% $71.73 284,295 21 Nov 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 -10,000 -33% $0.000000 20,000 21 Nov 2024 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 2020 Stock Incentive Plan on November 21, 2022. 10,000 of the shares vested on November 21, 2024, and the remaining shares are scheduled to vest as follows: 10,000 shares annually on November 21, 2025 through November 21, 2026.