RAIGUEL DARREN S 4

What Happened
Darren S. Raiguel, Chief Operating Officer of EPLUS Inc. (PLUS), sold a total of 1,284 shares in open‑market transactions on May 8 and May 11, 2026 for aggregate proceeds of approximately $115,314. The sales were reported on a Form 4 filed May 12, 2026 and were effected pursuant to a Rule 10b5‑1 trading plan adopted November 10, 2025.

Key Details

• Transaction dates and reported lots:
  • May 8, 2026: 71 shares @ $88.50 ($6,284); 157 shares @ $89.37 ($14,032); 56 shares @ $90.20 ($5,051). Total May 8 = 284 shares / ~$25,367.
  • May 11, 2026: 374 shares @ $88.85 ($33,231); 450 shares @ $90.14 ($40,564); 176 shares @ $91.78 ($16,152). Total May 11 = 1,000 shares / ~$89,947.
• Aggregate: 1,284 shares sold for about $115,314.
• Ownership after transaction: Not specified in the provided filing excerpt.
• Notable footnotes: Sales were executed in multiple trades (weighted‑average prices reported; price ranges spanned about $88.02 to $91.78). The trades were made under a 10b5‑1 plan (adopted 11/10/2025). Some shares are held in a revocable trust of which the reporting person and spouse are trustees/beneficiaries.
• Timeliness: Form filed May 12 for May 8 and May 11 transactions; no late‑report flag appears in the provided excerpt (check full filing for official timeliness status).

Context
These were sales (dispositions) executed under a pre‑arranged 10b5‑1 plan, which are commonly used by insiders to sell shares on a scheduled basis and are generally considered routine. For retail investors, purchases typically signal more concrete insider confidence than scheduled sales; this filing documents routine liquidation rather than an exercise or award.