Patricia Gallup, who serves as Chairman and Chief Administrative Officer of PC Connection Inc. (NASDAQ:CNXN), has completed a series of stock sales totaling approximately $998,490. The transactions involved the disposal of 14,284 shares of the company’s common stock and were executed on June 23 and June 24, 2026. The weighted average prices for these sales fell between $69.23 and $70.52 per share. This activity takes place while CNXN shares are trading at $71.11, a level close to their 52-week high of $75. According to InvestingPro data, the stock has generated a 23% return year-to-date. An InvestingPro tip indicates that the stock is trading near its 52-week high, while the platform’s Fair Value analysis suggests the shares are currently undervalued at existing price levels.
The sales were facilitated indirectly through the David Hall Trust 2003, an irrevocable trust where Ms. Gallup acts as the sole trustee and sole beneficiary. These transactions were carried out under a Rule 10b5-1 trading plan that was adopted by the trust on March 9, 2026. On June 23, the trust sold 2,275 shares at a weighted average price of $69.23, with individual prices ranging from $68.67 to $69.62. Later that same day, an additional 4,867 shares were sold at a weighted average price of $69.96, with prices ranging from $69.71 to $70.26. On June 24, further sales included 6,576 shares at a weighted average price of $70.04, with prices between $69.48 and $70.47. An additional 566 shares were sold at a weighted average price of $70.52, with prices ranging from $70.48 to $70.57.
Following these transactions, Ms. Gallup’s direct holdings in PC Connection common stock stand at 533,258 shares. Indirectly, through the David Hall Trust 2003, she holds 7,013,463 shares. Additional indirect holdings include 15,133 shares held by her spouse, for which she disclaims beneficial ownership except for her pecuniary interest. Other indirect holdings include 906,837 shares through the Abbott Brook Trust, 275,000 shares through the North Branch Trust, 1,000,000 shares through the Comack Trust-B, 2,000,000 shares through the Abbott Brook Trust-B, and 2,000,000 shares through the Abbott Brook Trust II. Ms. Gallup is the sole trustee for the Abbott Brook Trust, North Branch Trust, Comack Trust-B, Abbott Brook Trust-B, and Abbott Brook Trust II.
PC Connection, with a market cap of $1.79 billion, trades at a P/E ratio of 20.63. For deeper insights into CNXN’s valuation and performance, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities on InvestingPro, which offers expert analysis and 8 additional ProTips to guide investment decisions.
PC Connection Follow Analyze CNXN Included in our AI-picked strategies Review strategies 71.11 ▲+0.65(+0.92%) Closed·15:59:59·USD 71.11 0.00(0.00%) After Hours·16:10:05 1D 1W 1M 6M 1Y 5Y Max Created with Highcharts 11.4.8 13:30 14:00 14:30 15:00 15:30 16:00 17:00 17:30 18:00 18:30 19:30 70 71 72 Analyze CNXN
In other recent news, Connection Inc. reported robust financial results for the first quarter of 2026. The company achieved earnings per share of $0.77, which notably exceeded the analysts’ forecast of $0.63. Revenue also surpassed expectations, reaching $721.9 million compared to the projected $698.84 million. These figures suggest strong operational performance and have likely contributed to market confidence in the company’s financial health. While there was minimal movement in the stock price, the company’s position remains strong near its 52-week high. Analysts have not yet provided any new ratings or changes in their outlook following these results. Investors may find these developments encouraging as they reflect Connection Inc.’s ability to outperform market projections.
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