Timothy J. Mcgrath - Nov 20, 2023 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role
President & CEO
Signature
/s/Timothy J. McGrath
Stock symbol
CNXN
Transactions as of
Nov 20, 2023
Transactions value $
-$1,623,606
Form type
4
Date filed
11/22/2023, 04:21 PM
Previous filing
Oct 30, 2023
Next filing
Nov 28, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNXN Common Stock Sale -$734K -12.1K -4.11% $60.63 282K Nov 20, 2023 Direct F1
transaction CNXN Common Stock Sale -$649K -10.6K -3.75% $61.31 272K Nov 21, 2023 Direct F2
transaction CNXN Common Stock Options Exercise $0 +10K +3.68% $0.00 282K Nov 21, 2023 Direct F3
transaction CNXN Common Stock Tax liability -$240K -3.94K -1.4% $61.11 278K Nov 21, 2023 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 -10K -25% $0.00 30K Nov 21, 2023 Common Stock 10K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.20 to $61.00 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.
F2 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.00 to $61.58 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 The restricted stock units convert into common stock on a one-for-one basis.
F4 The restricted stock units were granted under the PC Connection, Inc. Amended 2020 Stock Incentive Plan on November 21, 2022. 10,000 of the shares vested on November 21, 2023, and the remaining shares are scheduled to vest as follows: 10,000 shares annually on November 21, 2024 through November 21, 2026.