PC CONNECTION INC 4
4 · PC CONNECTION INC · Filed Jul 8, 2026
Research Summary
AI-generated summary of this filing
PC Connection (CNXN) 10% Owner Patricia Gallup Sells Shares
What Happened
Patricia Gallup (identified as a 10% owner) sold a total of 14,284 PC Connection (CNXN) shares in open-market transactions on July 6–7, 2026, generating roughly $1,049,627. The filing reports: 1,245 shares at $72.17 ($89,852); 5,897 shares at $73.00 ($430,481); and 7,142 shares at $74.11 ($529,294). These sales were executed pursuant to a Rule 10b5‑1 trading plan (adopted March 9, 2026 by the David Hall Trust 2003), per the filing footnote.
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-07-06: 1,245 shares @ $72.17 (weighted average; individual prices ranged $71.60–$72.58).
- 2026-07-06: 5,897 shares @ $73.00 (weighted average; range $72.70–$73.26).
- 2026-07-07: 7,142 shares @ $74.11 (weighted average; range $73.46–$74.45).
- Total shares sold: 14,284; total proceeds ≈ $1.05 million.
- Shares owned after the transactions: Not specified in the Form 4.
- Notable footnotes: sales effected under a Rule 10b5‑1 plan; many shares are held in various trusts (reporting person serves as trustee for several trusts) and the filer disclaims beneficial ownership except for pecuniary interest, per the filing.
- Filing timeliness: marked as late (transactionTimeliness = 'L') in the submission.
Context
As a 10% owner, Ms. Gallup is a major shareholder rather than necessarily a company executive; these sales were carried out under a pre-established 10b5‑1 plan, which is a common mechanism for scheduled, pre-authorized dispositions. Sales under 10b5‑1 plans are often routine and do not, by themselves, indicate management sentiment; the filing is factual and does not explain motivation.
Insider Transaction Report
Form 4
GALLUP PATRICIA
DirectorChairman & Chief Admin Officer10% Owner
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-07-06$72.17/sh−1,245$89,852→ 7,012,218 total(indirect: By Trust) - Sale
Common Stock
[F1][F4][F3]2026-07-06$73.00/sh−5,897$430,481→ 7,006,321 total(indirect: By Trust) - Sale
Common Stock
[F1][F5][F3]2026-07-07$74.11/sh−7,142$529,294→ 6,999,179 total(indirect: By Trust)
Holdings
- 533,258
Common Stock
- 15,133(indirect: By Spouse)
Common Stock
[F6] - 906,837(indirect: By Trust)
Common Stock
[F7] - 275,000(indirect: By Trust)
Common Stock
[F8] - 1,000,000(indirect: By Trust)
Common Stock
[F9] - 2,000,000(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 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.
- [F11]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 $71.60 to $72.58 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 $72.70 to $73.26 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 $73.46 to $74.45 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 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.
- [F7]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.
- [F8]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.
- [F9]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.