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

Signature
/s/ Darren S Raiguel
Stock symbol
PLUS
Transactions as of
Aug 20, 2024
Transactions value $
-$455,678
Form type
4
Date filed
8/22/2024, 04:05 PM
Previous filing
Jul 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLUS Common Stock Sale -$456K -5K -10.29% $91.14 43.6K Aug 20, 2024 By Darren S. Raiguel Trust F1, F2, F3
holding PLUS Common Stock 42.7K Aug 20, 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 transaction reported in this Form 4 was 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 $91.00 to $91.75 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.