PC Connection (CNXN) 10% Owner Patricia Gallup Sells 14,284 Shares

What Happened Patricia Gallup, a reported 10% owner of PC Connection, Inc. (CNXN), sold a total of 14,284 shares in open‑market transactions on September 14–15, 2026, for aggregate proceeds of approximately $1,218,445. The trades were executed in multiple lots at weighted‑average prices reported between $84.42 and $86.04 for the September 14 lots and $85.01 and $85.61 for the September 15 lots. These were sales (not purchases), and they were reported on a Form 4 filed September 16, 2026.

Key Details

• Transaction dates: 2026-09-14 and 2026-09-15.
• Lots reported:
  • 1,799 shares @ $84.42 (≈ $151,872)
  • 3,551 shares @ $85.62 (≈ $304,037)
  • 1,792 shares @ $86.04 (≈ $154,184)
  • 5,124 shares @ $85.01 (≈ $435,591)
  • 2,018 shares @ $85.61 (≈ $172,761)
• Total: 14,284 shares sold for about $1,218,445; per‑share prices in the underlying transactions ranged approximately $83.88 to $86.21 (weighted averages reported).
• Shares owned after transaction: Not specified in the provided excerpt of the filing—see the full Form 4 for post‑transaction holdings.
• Notable footnotes: Sales were effected pursuant to a Rule 10b5‑1 trading plan adopted by the David Hall Trust 2003 (Mar 9, 2026). Several lots are held by trusts for which Ms. Gallup serves as sole trustee; the filing includes customary disclaimers about beneficial ownership and notes prior annuity distributions.
• Timeliness: Form 4 was filed on 2026-09-16 for trades on 9/14–9/15, which is within the usual two‑business‑day reporting window.

Context

• These are planned sales under a 10b5‑1 plan, which typically indicate pre‑scheduled dispositions rather than contemporaneous trading decisions.
• As a reported 10% owner (trust‑related holdings), Ms. Gallup’s trades reflect trust/beneficiary arrangements rather than an executive purchasing signal; sales are more routine and less informative about near‑term company prospects than purchases.
• For full detail (exact post‑transaction ownership and per‑trade prices), review the complete Form 4 filing (Accession No. 0001930044-26-000006).