Thomas C. Baker - 21 Nov 2023 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role
Sr. VP, CFO & Treasurer
Signature
/s/ Thomas C. Baker
Issuer symbol
CNXN
Transactions as of
21 Nov 2023
Transactions value $
-$120,264
Form type
4
Filing time
22 Nov 2023, 16:21:31 UTC
Previous filing
30 Oct 2023
Next filing
14 Dec 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 Options Exercise $0 +5K +20.31% $0.00 29.6K 21 Nov 2023 Direct F1
transaction CNXN Common Stock Tax liability -$120K -1.97K -6.65% $61.11 27.6K 21 Nov 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 -5K -25% $0.00 15K 21 Nov 2023 Common Stock 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 2020 Stock Incentive Plan on November 21, 2022. 5,000 of the shares vested on November 21, 2023, and the remaining shares are scheduled to vest as follows: 5,000 shares annually on November 21, 2024 through November 21, 2026.