Timothy J. Mcgrath - Jul 1, 2021 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role: President & CEO
Signature: /s/Timothy J. McGrath
Stock symbol: CNXN
Transactions as of: Jul 1, 2021
Transactions value $: -$136,678
Form type: 4
Date filed: 7/6/2021, 04:59 PM
Next filing: Sep 2, 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CNXN	Common Stock	Options Exercise	$0	+7.5K	+2.73%	$0.00	282K	Jul 1, 2021	Direct
transaction	CNXN	Common Stock	Tax liability	-$137K	-2.95K	-1.05%	$46.30	279K	Jul 1, 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CNXN	Restricted Stock Units	Options Exercise	$0	-7.5K	-11.11%	$0.00	60K	Jul 1, 2021	Common Stock	7.5K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock units convert into common stock on a one-for-one basis.
F2	The restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan on February 13, 2018; 7,500 of the shares vested on July 1, 2021, and the remaining shares are scheduled to vest 10,000 shares each year commencing on April 1, 2022 thru April 1, 2027.