BOWEN BRUCE M 4

What Happened Bruce M. Bowen, a director of ePlus Inc. (PLUS), was issued 261 shares on July 1, 2026 as director compensation under the company's 2024 Non‑Employee Director Long Term Incentive Plan (election in lieu of cash). On July 2, 2026 he transferred 792 shares from his personal account to the Bruce M. Bowen Trust for no consideration; he remains the beneficial owner of the shares held by the trust. Both transactions show $0.00 consideration (award/transfer rather than a market sale or purchase).

Key Details

• Transaction dates and codes:
  • 2026-07-01 — A (award/grant): 261 shares issued to Bowen at $0.00 (director compensation in lieu of cash). (Footnote F1)
  • 2026-07-02 — J (other acquisition/disposition): 792 shares transferred from Bowen’s account to the Bruce M. Bowen Trust for $0.00; Bowen remains beneficial owner. (Footnote F2)
• Shares owned after transaction: Not specified on the Form 4 (the filing does not list total holdings after these entries).
• Footnotes: F1 explains the 261‑share award was elected in lieu of cash under the 2024 plan; F2 explains the 792‑share transfer to a trust for no consideration while retaining beneficial ownership.
• Filing timeliness: Report filed July 2, 2026 for transactions on July 1–2, 2026 — appears timely.

Context

• The 261‑share entry is an award/compensation — an acquisition on paper but not an open‑market purchase. Such grants are routine for non‑employee directors.
• The 792‑share move is a transfer to a personal trust (not a market sale or gift that changes beneficial ownership), so it generally does not signal a change in the director’s economic exposure to the company.
• For retail investors, outright purchases by insiders are often more informative than awards or intra‑family/trust transfers; these filings are primarily administrative.