BEFFA NEGRINI DAVID 4

What Happened
David Beffa Negrini, a director of PC Connection, had 625 restricted stock units (RSUs) vest and convert into 625 shares on March 14, 2026. The Form 4 reports 625 shares acquired via conversion (derivative transaction code M) at $0.00 and 625 shares disposed at $0.00. The filing does not show a cash purchase or market sale tied to this conversion.

Key Details

• Transaction date: March 14, 2026; Form 4 filed March 16, 2026 (filing appears timely).
• Reported prices: $0.00 for both the acquired and disposed 625-share entries (code M = exercise/conversion of a derivative).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes:
  • F1 — Each RSU represents a contingent right to receive one common share.
  • F2 — These RSUs were granted under the 2020 Stock Incentive Plan on March 14, 2024; 625 shares vested on March 14, 2026. Remaining RSUs vest 625 shares annually on March 14, 2027 and March 14, 2028.
• The filing does not state the reason for the reported disposition of 625 shares at $0 (e.g., tax withholding, transfer, or other settlement method is not specified).

Context
This was a routine conversion of vested RSUs rather than an open-market purchase or sale. Conversions of RSUs on vesting are common and do not necessarily signal buying or selling intent; purchases are typically considered a stronger bullish signal. The equal acquired/disposed amounts at $0 suggest an internal settlement step related to the award, but the Form 4 does not provide further detail.