PC CONNECTION INC — Director's Dealing 2022

Nov 17, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PC CONNECTION INC (CNXN)
CIK: 0001050377
Period of Report: 2022-11-15

Reporting Person: GALLUP PATRICIA (N/A)
Reporting Person: Estate of David McLellan Hall (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-11-15	Common Stock	S	1600.00	$51.28	Disposed	7138562.00	Indirect
2022-11-15	Common Stock	S	2200.00	$52.22	Disposed	7136362.00	Indirect
2022-11-15	Common Stock	S	1000.00	$53.00	Disposed	7135362.00	Indirect
2022-11-16	Common Stock	S	2893.00	$52.61	Disposed	7132469.00	Indirect
2022-11-16	Common Stock	S	667.00	$53.08	Disposed	7131802.00	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2069402.00	Direct
Common Stock	290133.00	Indirect
Common Stock	5000000.00	Indirect

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Estate of David McLellan Hall (the Estate) on November 10, 2022.

F2: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.64 to $51.63 per share, inclusive. The reporting persons 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 Estate, for which Patricia Gallup serves as executor. Ms. Gallup is also the beneficiary of trusts which will receive the balance of the Estate.

F4: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.715 to $52.545 per share, inclusive. The reporting persons undertake 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 $52.90 to $53.22 per share, inclusive. The reporting persons 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 $52.22 to $52.93 per share, inclusive. The reporting persons undertake 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 reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.935 to $53.245 per share, inclusive. The reporting persons 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.

F8: The reporting persons disclaim 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 persons are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F9: These shares are held directly by the Comack Trust, a grantor retained annuity trust formed under the laws of the State of New Hampshire. The reporting person is the sole trustee and sole annuitant of the Comack Trust.