Darren S. Raiguel - 20 Dec 2023 Form 4 Insider Report for EPLUS INC (PLUS)

Signature
/s/ Darren S. Raiguel
Issuer symbol
PLUS
Transactions as of
20 Dec 2023
Net transactions value
-$100,035
Form type
4
Filing time
21 Dec 2023, 17:13:51 UTC
Previous filing
19 Dec 2023
Next filing
04 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLUS Common Stock Sale $32,195 -402 -0.91% $80.09 43,971 20 Dec 2023 By Darren S. Raiguel Trust F1, F2, F3
transaction PLUS Common Stock Sale $67,840 -848 -1.9% $80.00 43,123 21 Dec 2023 By Darren S. Raiguel Trust F1, F3
holding PLUS Common Stock 48,333 20 Dec 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 $80.05 to $80.12 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.