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

Signature
/s/ Darren S. Raiguel
Stock symbol
PLUS
Transactions as of
Feb 26, 2024
Transactions value $
-$92,000
Form type
4
Date filed
2/27/2024, 04:34 PM
Previous filing
Feb 22, 2024
Next filing
May 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLUS Common Stock Sale -$92K -1.15K -2.93% $80.00 38.1K Feb 26, 2024 By Darren S. Raiguel Trust F1, F2
holding PLUS Common Stock 48.4K Feb 26, 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.