Elaine D. Marion - 15 Mar 2024 Form 4 Insider Report for EPLUS INC (PLUS)

Signature
/s/ ELAINE D. MARION
Issuer symbol
PLUS
Transactions as of
15 Mar 2024
Net transactions value
-$390,143
Form type
4
Filing time
19 Mar 2024, 16:32:18 UTC
Previous filing
19 Dec 2023
Next filing
12 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLUS Common Stock Sale $305,666 -3,927 -6.1% $77.84 60,069 15 Mar 2024 By Elaine D. Marion Trust F1, F2, F3
transaction PLUS Common Stock Sale $84,477 -1,073 -1.8% $78.73 58,996 15 Mar 2024 By Elaine D. Marion Trust F1, F4
holding PLUS Common Stock 48,202 15 Mar 2024 Direct
holding PLUS Common Stock 424 15 Mar 2024 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 $77.32 to $78.28 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.
F4 The transaction was executed in multiple trades at prices ranging from $78.32 to $79.29 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.