Research Summary
AI-generated summary of this SEC filing
EPLUS (PLUS) COO Darren Raiguel Sells 139 Shares
What Happened
Darren S. Raiguel, Chief Operating Officer of EPLUS Inc. (PLUS), sold a total of 139 shares in open-market transactions on September 16, 2026, for aggregate proceeds of approximately $12,979. The sales comprised 132 shares at a weighted-average price of $93.34 (≈ $12,321) and 7 shares at a weighted-average price of $94.06 (≈ $658). The filing indicates the transactions were effected pursuant to a Rule 10b5‑1 trading plan adopted November 10, 2025, and that the shares are held in a revocable trust of which Raiguel and his spouse are sole trustees and beneficiaries. These were sales (not purchases), which are often routine transactions under pre-established plans.
Key Details
- Transaction date: September 16, 2026; Form 4 filed September 18, 2026 (appears timely).
- Reported lots: 132 shares @ weighted avg $93.34 (F2: trades ranged $93.00–$93.99); 7 shares @ weighted avg $94.06 (F4: trades ranged $94.01–$94.08).
- Total shares sold: 139; total proceeds ≈ $12,979.
- Beneficial ownership after transaction: Not specified in the provided excerpt.
- Notable footnotes: F1—transactions under a 10b5‑1 plan adopted 11/10/2025; F2/F4—sales executed in multiple trades with price ranges and weighted averages (reporter will provide full breakdown on request); F3—shares held in a revocable trust.
- Transaction code: S = Sale.
Context
Sales executed under Rule 10b5‑1 plans are pre-arranged and commonly used for scheduled dispositions; they do not necessarily reflect the insider’s current view of the company. For retail investors, purchases typically carry more informational weight than routine, pre-planned sales. If you need the exact per-trade breakdown or the insider’s post-transaction holdings, the filer has offered to provide that detail upon request.