PC CONNECTION INC 10-Q

Item 1A. Risk Factors ​ In addition to the other information set forth in this Quarterly Report on Form 10-Q, you should carefully consider Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, which could materially affect our business, financial position, and results of operations. Risk factors which could cause actual results to differ materially from those suggested by forward-looking statements include but are not limited to those discussed or identified in this document, in our other public filings with the SEC, and those contained in Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025. ​ Item 2. Unreg istered Sales of Equity Securities and Use of Proceeds ​ Repurchases under our stock repurchase program are made from time to time at management’s discretion in accordance with applicable federal securities laws. All repurchases of our common stock have been recorded as treasury stock. The following table summarizes information relating to purchases of common stock made by or on our behalf during the quarter ended March 31, 2026 (dollars in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Issuer Purchases of Equity Securities ​ ​ ​ ​ ​ ​ ​ Total Number of ​ Approximate Dollar Value ​ ​ ​ ​ ​ ​ Shares Purchased as ​ of Shares that May Yet Be ​ ​ Total Number ​ ​ ​ Part of Publicly ​ Purchased Under the Plans ​ ​ of Shares ​ Average Price Paid ​ Announced Plans or ​ or Programs Period ​ ​ ​ Purchased ​ ​ ​ Per Share ​ ​ ​ Programs (1) ​ ​ ​ (in millions) (1)(2) 01/01/26-01/31/26 ​ 40,630 ​ $ 57.64 ​ 40,630 ​ $ 31.3 02/01/26-02/28/26 ​ 1,357 ​ $ 59.32 ​ 1,357 ​ $ 81.2 03/01/26-03/31/26 ​ — ​ $ — ​ — ​ $ 81.2 ​ ​ 41,987 ​ $ 57.70 ​ 41,987 ​ ​ ​ ​ (1) We have repurchased in aggregate approximately 4.2 million shares of our common stock for approximately $138.8 million pursuant to the repurchase program approved by our Board of Directors. ​ (2) On March 28, 2001, we announced that our Board of Directors authorized the spending of up to $15.0 million to repurchase shares of our common stock. On each of February 11, 2014, December 17, 2018, November 22, 2022, May 1, 2024, April 30, 2025, and February 4, 2026, our Board of Directors approved increases of $15.0 million, $25.0 million, $25.0 million, $40.0 million, $50.0 million, and $50.0 million, respectively, to the repurchase program bringing the aggregate authorized amount under the repurchase program to $220.0 million. There is no fixed termination date for this repurchase program. Purchases may be made in open-market transactions, block transactions on or off an exchange, or in privately negotiated transactions. The timing and amount of any share repurchases will be based on market conditions and other factors. ​