RAIGUEL DARREN S 4

What Happened
Darren S. Raiguel, Chief Operating Officer of EPLUS Inc. (PLUS), sold a total of 711 shares in open-market transactions on February 9–10, 2026, receiving aggregate proceeds of about $62,801. The sales were: 400 shares @ $88.05 on Feb 9 (≈ $35,218); 236 shares @ $88.47 on Feb 10 (≈ $20,879); and 75 shares @ $89.39 on Feb 10 (≈ $6,704). These were sales (not purchases), and the filing notes the trades were effected pursuant to a Rule 10b5-1 trading plan.

Key Details

• Transaction dates and reported prices:
  • Feb 9, 2026 — 400 shares sold @ $88.05 (≈ $35,218)
  • Feb 10, 2026 — 236 shares sold @ $88.47 (≈ $20,879)
  • Feb 10, 2026 — 75 shares sold @ $89.39 (≈ $6,704)
• Total shares sold: 711; total proceeds: ≈ $62,801.
• Shares owned after the transactions: not specified in this Form 4.
• Notable footnotes:
  • F1: Sales were made under a Rule 10b5-1 trading plan adopted Nov 10, 2025 (pre-arranged plan).
  • F2–F5: Indicate trades were executed in multiple fills and the reported prices reflect weighted averages; detailed per-fill prices/quantities are available upon request.
  • F3: Some shares are held in a revocable trust where the reporting person and spouse are trustees/beneficiaries.
• Filing: Form 4 filed Feb 11, 2026 (covers trades on Feb 9–10) — appears timely.

Context
These were sales under a pre-authorized 10b5-1 plan, which often reflects scheduled disposition rather than an ad‑hoc decision based on inside information. For retail investors, purchases by insiders are generally more indicative of bullish conviction; sales can be routine (tax planning, diversification, pre-set plans) and do not by themselves indicate a change in company outlook.