PC CONNECTION INC 4
4 · PC CONNECTION INC · Filed Jun 25, 2026
Research Summary
AI-generated summary of this filing
PC Connection (CNXN) Patricia Gallup Sells Shares
What Happened Patricia Gallup, a reported 10% owner of PC Connection, sold a total of 14,284 shares in open-market transactions on June 23–24, 2026 for aggregate proceeds of about $998,490. Sales reported:
- 2026-06-23: 2,275 shares at $69.23 = $157,498
- 2026-06-23: 4,867 shares at $69.96 = $340,495
- 2026-06-24: 6,576 shares at $70.04 = $460,583
- 2026-06-24: 566 shares at $70.52 = $39,914 These were sales (not purchases), which are often routine distributions or liquidity moves rather than a bullish signal.
Key Details
- Transaction dates: June 23 and June 24, 2026; Form 4 filed June 25, 2026.
- Prices: individual trade prices shown above; some reported prices are weighted averages with ranges disclosed in the filing (see footnotes for ranges).
- Total shares sold: 14,284; total proceeds ≈ $998,490.
- Post-sale holdings: Not specified in the provided excerpt — see the filed Form 4 for updated beneficial ownership.
- Notable footnotes: sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the David Hall Trust 2003 (F1). Several footnotes state that shares are held in various trusts for which Ms. Gallup is sole trustee/beneficiary (F3, F8–F12). Some prices are reported as weighted averages with provided price ranges (F2, F4–F6). The report also includes a standard disclaimer about beneficial ownership (F7).
- Filing timeliness: Transactions dated 6/23–6/24 reported on Form 4 filed 6/25/2026 (no late-file flag shown in the provided data).
Context
- These trades were executed under a pre-arranged 10b5-1 plan, which typically schedules future trades and can reduce the implication that the seller acted on inside information.
- As a 10% owner and trustee of several trusts, Ms. Gallup’s sales reflect trust/investor-level activity rather than an executive’s compensation-related transactions.
- For retail investors: purchases are generally more informative about insider confidence; routine sales under 10b5-1 plans are common for liquidity and tax planning. Check the full Form 4 for exact post-transaction holdings and any additional disclosures.
Insider Transaction Report
Form 4
GALLUP PATRICIA
DirectorChairman & Chief Admin Officer10% Owner
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-06-23$69.23/sh−2,275$157,498→ 7,025,472 total(indirect: By Trust) - Sale
Common Stock
[F1][F4][F3]2026-06-23$69.96/sh−4,867$340,495→ 7,020,605 total(indirect: By Trust) - Sale
Common Stock
[F1][F5][F3]2026-06-24$70.04/sh−6,576$460,583→ 7,014,029 total(indirect: By Trust) - Sale
Common Stock
[F1][F6][F3]2026-06-24$70.52/sh−566$39,914→ 7,013,463 total(indirect: By Trust)
Holdings
- 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] - 2,000,000(indirect: By Trust)
Common Stock
[F12]
Footnotes (12)
- [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.
- [F12]These shares are held directly by the Abbott Brook Trust II, 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 II.
- [F2]The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.67 to $69.62 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 $69.71 to $70.26 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 $69.48 to $70.47 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 $70.48 to $70.57 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.