Darren S. Raiguel - 26 Feb 2024 Form 4 Insider Report for EPLUS INC (PLUS)

Signature
/s/ Darren S. Raiguel
Issuer symbol
PLUS
Transactions as of
26 Feb 2024
Net transactions value
-$92,000
Form type
4
Filing time
27 Feb 2024, 16:34:45 UTC
Previous filing
22 Feb 2024
Next filing
21 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLUS Common Stock Sale $92,000 -1,150 -2.9% $80.00 38,123 26 Feb 2024 By Darren S. Raiguel Trust F1, F2
holding PLUS Common Stock 48,437 26 Feb 2024 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 shares are held in a revocable trust, of which the reporting person and his spouse are the sole trustees and beneficiaries.