PC CONNECTION INC 4
4 · PC CONNECTION INC · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
PC Connection (CNXN) 10% Owner Patricia Gallup Sells Shares
What Happened
- Patricia Gallup, a reported 10% owner of PC Connection, Inc. (CNXN), sold a total of 14,308 shares in open-market transactions on June 8–9, 2026, generating roughly $1.03 million in proceeds. The individual trades reported: 6,379 shares at $72.05 ($459,607), 545 shares at $72.61 ($39,572), 3,692 shares at $71.63 ($264,458) and 3,692 shares at $72.20 ($266,562). These were sales (not purchases), which are often routine and do not by themselves indicate management sentiment.
Key Details
- Transaction dates & prices: June 8–9, 2026; prices in the filing range roughly from $71.03 to $72.78 (filing notes several weighted-average price ranges and says full per-price details are available on request).
- Total shares sold: 14,308; approximate proceeds: $1,030,199.
- Shares owned after transaction: not disclosed in the information provided in this summary.
- Notable footnotes:
- Sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the David Hall Trust 2003 (footnote F1).
- Portions of the reported shares are held in several trusts (e.g., David Hall Trust 2003, Comack Trust-B, Abbott Brook Trust/Trust-B, North Branch Trust); Ms. Gallup serves as sole trustee/beneficiary for several of these (footnotes F3, F8–F11).
- The filing includes a disclaimer of beneficial ownership except to the extent of pecuniary interest (footnote F7).
- Filing timeliness: Report filed June 10, 2026 (no late-filing flag noted in the provided data).
Context
- These sales were executed under a pre-established 10b5-1 plan, which generally indicates the trades were preplanned and automatic rather than opportunistic reactions to recent company news. For retail investors, planned insider sales are common and less informative than insider purchases. No options were exercised and no awards or gifts were reported in this filing.
Insider Transaction Report
Form 4
GALLUP PATRICIA
DirectorChairman & Chief Admin Officer10% Owner
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-06-08$72.05/sh−6,379$459,607→ 7,035,676 total(indirect: By Trust) - Sale
Common Stock
[F1][F4][F3]2026-06-08$72.61/sh−545$39,572→ 7,035,131 total(indirect: By Trust) - Sale
Common Stock
[F1][F5][F3]2026-06-09$71.63/sh−3,692$264,458→ 7,031,439 total(indirect: By Trust) - Sale
Common Stock
[F1][F6][F3]2026-06-09$72.20/sh−3,692$266,562→ 7,027,747 total(indirect: By Trust)
Holdings
- 2,533,258
Common Stock
- 15,133(indirect: By Spouse)
Common Stock
[F7] - 906,837(indirect: By Trust)
Common Stock
[F8] - 275,000(indirect: By Trust)
Common Stock
[F9] - 1,000,000(indirect: By Trust)
Common Stock
[F10] - 2,000,000(indirect: By Trust)
Common Stock
[F11]
Footnotes (11)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the David Hall Trust 2003 on March 9, 2026.
- [F10]These shares are held directly by the Comack Trust-B, a grantor retained annuity trust formed under the laws of the State of New Hampshire. The reporting person is the sole trustee of the Comack Trust-B.
- [F11]These shares are held directly by the Abbott Brook Trust-B, a grantor retained annuity trust formed under the laws of the State of New Hampshire. The reporting person is the sole trustee of the Abbott Brook Trust-B.
- [F2]The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.51 to $72.50 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 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.
- [F4]The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.52 to $72.78 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 reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.03 to $72.02 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.
- [F6]The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.03 to $72.78 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.
- [F7]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.
- [F8]These shares are held directly by the Abbott Brook Trust, a grantor retained annuity trust formed under the laws of the State of New Hampshire. The reporting person is the sole trustee of the Abbott Brook Trust.
- [F9]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.