Eric D. Hovde - Jul 1, 2022 Form 4 Insider Report for EPLUS INC (PLUS)

Role
Director
Signature
Eric D. Hovde
Stock symbol
PLUS
Transactions as of
Jul 1, 2022
Transactions value $
$0
Form type
4
Date filed
7/6/2022, 04:22 PM
Previous filing
Jun 17, 2022
Next filing
Sep 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLUS Common Stock Award $0 +408 +0.79% $0.00 52.3K Jul 1, 2022 Direct F1
holding PLUS Common Stock 30.4K Jul 1, 2022 Footnote F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 1, 2022, Mr. Hovde, a director of ePlus, was issued 408 shares of common stock of the Company (the "Shares"). The Shares were issued pursuant to Mr. Hovde's election to receive the Shares in lieu of cash compensation as permitted under the Company's 2017 Non-Employee Director Long Term Incentive Plan.
F2 On the reporting person's Form 4 filed on June 17, 2022, the second transaction reported in Table 1 inadvertently reported the securities as acquired instead of disposed of in column 4.
F3 Mr. Hovde is the managing member of Hovde Capital Ltd., the general partner to Financial Institution Partners III LP, which owns 20,396 shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 10,000 shares.