Darren S. Raiguel - Aug 8, 2023 Form 4 Insider Report for EPLUS INC (PLUS)

Signature
/s/ Darren S. Raiguel
Stock symbol
PLUS
Transactions as of
Aug 8, 2023
Transactions value $
-$560,172
Form type
4
Date filed
8/9/2023, 04:35 PM
Previous filing
Jul 20, 2023
Next filing
Dec 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLUS Common Stock Sale -$198K -2.99K -5.31% $66.25 53.4K Aug 8, 2023 By Darren S. Raiguel Trust F1, F2, F3
transaction PLUS Common Stock Sale -$154K -2.3K -4.3% $67.07 51.1K Aug 8, 2023 By Darren S. Raiguel Trust F1, F3, F4
transaction PLUS Common Stock Sale -$144K -2.1K -4.11% $68.23 49K Aug 8, 2023 By Darren S. Raiguel Trust F1, F3, F5
transaction PLUS Common Stock Sale -$13.8K -200 -0.41% $68.95 48.8K Aug 8, 2023 By Darren S. Raiguel Trust F1, F3, F6
transaction PLUS Common Stock Sale -$35K -500 -1.02% $70.05 48.3K Aug 8, 2023 By Darren S. Raiguel Trust F1, F3, F7
transaction PLUS Common Stock Sale -$12.8K -180 -0.37% $70.89 48.2K Aug 8, 2023 By Darren S. Raiguel Trust F1, F3, F8
transaction PLUS Common Stock Sale -$1.6K -22 -0.05% $72.50 48.1K Aug 8, 2023 By Darren S. Raiguel Trust F1, F3
transaction PLUS Common Stock Sale -$835 -11 -0.02% $75.90 48.1K Aug 8, 2023 By Darren S. Raiguel Trust F1, F3
holding PLUS Common Stock 48.3K Aug 8, 2023 Direct
* 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 The transactions reported in this Form 4 were all effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 16, 2022.
F2 The transaction was executed in multiple trades at prices ranging from $65.73 to $66.72 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.
F3 The shares are held in a revocable trust, of which the reporting person and his spouse are the sole trustees and beneficiaries.
F4 The transaction was executed in multiple trades at prices ranging from $66.73 to $67.72 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.
F5 The transaction was executed in multiple trades at prices ranging from $67.73 to $68.69 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.
F6 The transaction was executed in multiple trades at prices ranging from $68.85 to $69.05 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.
F7 The transaction was executed in multiple trades at prices ranging from $69.99 to $70.13 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.
F8 The transaction was executed in multiple trades at prices ranging from $70.89 to $70.90 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.