Darren S. Raiguel - 20 May 2024 Form 4 Insider Report for EPLUS INC (PLUS)

Signature
DARREN S RAIGUEL
Issuer symbol
PLUS
Transactions as of
20 May 2024
Net transactions value
-$401,809
Form type
4
Filing time
21 May 2024, 17:26:11 UTC
Previous filing
27 Feb 2024
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 $331,863 -4,133 -11% $80.30 33,990 20 May 2024 By Darren S. Raiguel Trust F1, F2, F3
transaction PLUS Common Stock Sale $56,586 -700 -2.1% $80.84 33,290 20 May 2024 By Darren S. Raiguel Trust F1, F3, F4
transaction PLUS Common Stock Sale $13,360 -167 -0.5% $80.00 33,123 21 May 2024 By Darren S. Raiguel Trust F1, F3
holding PLUS Common Stock 48,437 20 May 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 transaction was executed in multiple trades at prices ranging from $79.76 to $80.74 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.
F4 The transaction was executed in multiple trades at prices ranging from $80.77 to $80.89 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.