Elaine D. Marion - 07 Jun 2023 Form 4 Insider Report for EPLUS INC (PLUS)

Signature
/s/ Elaine D. Marion
Issuer symbol
PLUS
Transactions as of
07 Jun 2023
Net transactions value
-$473,649
Form type
4
Filing time
09 Jun 2023, 16:32:34 UTC
Previous filing
07 Mar 2023
Next filing
16 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLUS Common Stock Tax liability $126,900 -2,314 -4.6% $54.84 47,845 08 Jun 2023 Direct F1
transaction PLUS Common Stock Sale $346,750 -6,294 -11% $55.09 52,120 07 Jun 2023 By Elaine D. Marion Trust F2, F3, F4
holding PLUS Common Stock 424 07 Jun 2023 By IRA
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares withheld for payment of tax liability arising as a result of the partial vesting of a restricted stock award granted on June 8, 2022, and originally reported by the reporting person in a Form 4 filed with the Commission on June 10, 2022.
F2 The transactions reported in this row of this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 10, 2022.
F3 The transaction was executed in multiple trades at prices ranging from $55.00 to $55.29 per share, inclusive. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased and prices at which the transaction was effected.
F4 The reporting person is a trustee and a beneficiary of the trust.