Elaine D. Marion - Dec 15, 2023 Form 4 Insider Report for EPLUS INC (PLUS)

Signature
/s/ Elaine D. Marion
Stock symbol
PLUS
Transactions as of
Dec 15, 2023
Transactions value $
-$374,721
Form type
4
Date filed
12/19/2023, 04:32 PM
Previous filing
Dec 5, 2023
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLUS Common Stock Sale -$375K -5K -7.25% $74.94 64K Dec 15, 2023 By Elaine D. Marion Trust F1, F2, F3
holding PLUS Common Stock 48.2K Dec 15, 2023 Direct
holding PLUS Common Stock 424 Dec 15, 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 The transactions reported in this Form 4 were all effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 14, 2023.
F2 The transaction was executed in multiple trades at prices ranging from $74.51 to $75.30 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 reporting person is a trustee and a beneficiary of the trust.