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

Signature
/s/ DARREN S. RAIGUEL
Stock symbol
PLUS
Transactions as of
Dec 8, 2023
Transactions value $
-$175,349
Form type
4
Date filed
12/12/2023, 04:20 PM
Previous filing
Aug 9, 2023
Next filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLUS Common Stock Sale -$85.3K -1.25K -2.6% $68.28 46.9K Dec 8, 2023 By Darren S. Raiguel Trust F1, F2, F3
transaction PLUS Common Stock Sale -$90K -1.25K -2.67% $72.00 45.6K Dec 12, 2023 By Darren S. Raiguel Trust F1, F3
holding PLUS Common Stock 48.3K Dec 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 22, 2023.
F2 The transaction was executed in multiple trades at prices ranging from $68.13 to $68.49 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.