TIMOTHY J. MCGRATH - 17 Dec 2023 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role
President & CEO
Signature
/s/Timothy J. McGrath
Issuer symbol
CNXN
Transactions as of
17 Dec 2023
Net transactions value
-$132,742
Form type
4
Filing time
19 Dec 2023, 16:27:30 UTC
Previous filing
28 Nov 2023
Next filing
18 Mar 2024
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 +5,000 +1.8% $0.000000 288,716 17 Dec 2023 Direct F1
transaction CNXN Common Stock Tax liability $132,742 -1,968 -0.68% $67.45 286,748 17 Dec 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 -5,000 -33% $0.000000 10,000 17 Dec 2023 Common Stock 5,000 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 2020 Stock Incentive Plan on December 17, 2021; 5,000 of the shares vested on December 17, 2023, and the remaining shares are scheduled to vest as follows: 5,000 shares annually on December 17, 2024 through December 17, 2025. The restricted stock units have an expiration date of December 16, 2031.