RAIGUEL DARREN S 4

What Happened Darren S. Raiguel, Chief Operating Officer of EPLUS Inc. (PLUS), had a total of 5,534 shares withheld to satisfy tax liabilities arising from partial vesting of restricted stock awards. The filing shows two dispositions on 2026-06-14: 2,742 shares and 2,792 shares, each withheld at $83.19 per share, resulting in proceeds of $228,107 and $232,266 respectively (combined ≈ $460,373). These are tax-withholding dispositions, not open-market sales.

Key Details

• Transaction date: 2026-06-14; Filing date: 2026-06-15 (timely).
• Price: $83.19 per share.
• Shares withheld/disposed: 2,742 shares ($228,107) and 2,792 shares ($232,266); total 5,534 shares (~$460,373).
• Nature of transaction: Code F — shares withheld to pay tax liability on vesting of restricted stock awards.
• Footnotes: F1 = withholding for partial vesting of award granted 6/14/2023; F2 = withholding for partial vesting of award granted 6/14/2024; F3 = remaining shares are held in a revocable trust of which the reporting person and spouse are trustees/beneficiaries.
• Shares owned after transaction: Not specified in the Form 4 filing.

Context These dispositions are routine tax-withholding events tied to the vesting of restricted stock and do not indicate an open-market sale decision. For retail investors, purchases can be more indicative of bullish insider sentiment; tax-withholdings are administrative and commonly occur when restricted shares vest.