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ePlus (PLUS) Insider Filing: Trust Transfer & Small Stock Purchase

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

ePlus Inc. (PLUS) Chief Operating Officer Darren S. Raiguel filed a Form 4 covering transactions dated 30 June 2025.

  • Internal share transfer: 14,179 common shares were moved from Raiguel’s personal account to the Darren S. Raiguel Trust for $0 consideration (transaction code J). Because the trust is revocable and the executive and his spouse are sole trustees and beneficiaries, his aggregate beneficial ownership is unchanged.
  • New acquisition via ESPP: Raiguel purchased 81 shares under the company’s Employee Stock Purchase Plan at an average price of $61.285 (transaction code A).

Post-transaction, Raiguel owns 39,449 shares directly and 57,748 shares indirectly through the trust, totaling 97,197 shares. No derivative securities were reported. The filing represents a routine administrative transfer combined with a modest ESPP purchase and does not alter the executive’s overall economic exposure to ePlus Inc. stock.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine trust transfer; tiny ESPP buy—no material impact.

The reported transactions are essentially administrative. Moving 14,179 shares to a revocable trust keeps economic ownership intact and is commonly done for estate-planning efficiency. The acquisition of 81 shares through an ESPP is immaterial (≈$5k) relative to ePlus’s daily trading volume and the insider’s existing 97k-share position. There are no sales into the open market, so the disclosure does not signal negative sentiment. From a governance standpoint, continued participation in the ESPP is mildly positive, but the scale is too small to influence valuation or liquidity. Overall, investors should view the filing as neutral.

Insider RAIGUEL DARREN S
Role Chief Operating Officer
Type Security Shares Price Value
Other Common Stock 14,179 $0.00 --
Other Common Stock 14,179 $0.00 --
Grant/Award Common Stock 81 $61.285 $5K
Holdings After Transaction: Common Stock — 39,368 shares (Direct); Common Stock — 57,748 shares (Indirect, By Darren S. Raiguel Trust)
Footnotes (1)
  1. On June 30, 2025, the reporting person transferred 14,179 shares of ePlus inc. common stock from an account owned by the reporting person to the Darren S. Raiguel Trust for no consideration. The reporting person remains the beneficial owner of the securities held by the trust. The shares are held in a revocable trust, of which the reporting person and his spouse are the sole trustees and beneficiaries. This voluntary Form 4 is being filed to reflect shares acquired through the reporting person's participation in ePlus inc.'s Employee Stock Purchase Plan.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
RAIGUEL DARREN S
(Last) (First) (Middle)
13595 DULLES TECHNOLOGY DRIVE
(Street)
HERNDON VA 20171-3413
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EPLUS INC [ PLUS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/30/2025 J 14,179 D $0 39,368 D(1)
Common Stock 06/30/2025 J 14,179 A $0 57,748 I(1) By Darren S. Raiguel Trust(2)
Common Stock 06/30/2025 A V 81(3) A $61.285 39,449 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On June 30, 2025, the reporting person transferred 14,179 shares of ePlus inc. common stock from an account owned by the reporting person to the Darren S. Raiguel Trust for no consideration. The reporting person remains the beneficial owner of the securities held by the trust.
2. The shares are held in a revocable trust, of which the reporting person and his spouse are the sole trustees and beneficiaries.
3. This voluntary Form 4 is being filed to reflect shares acquired through the reporting person's participation in ePlus inc.'s Employee Stock Purchase Plan.
Erica S. Stoecker, attorney-in-fact 07/01/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many shares of ePlus Inc. (PLUS) did the COO acquire on 30 June 2025?

He acquired 81 shares through the Employee Stock Purchase Plan at $61.285 per share.

Did the COO sell any ePlus (PLUS) shares in this Form 4 filing?

No. The 14,179-share movement was an internal transfer to a trust; no market sale occurred.

What is Darren S. Raiguel’s total beneficial ownership after the reported transactions?

He beneficially owns 97,197 common shares: 39,449 directly and 57,748 indirectly via trust.

Why were 14,179 ePlus shares coded as a 'J' transaction?

Code J denotes a non-market transaction; the shares were transferred to a revocable trust for $0 consideration.

Are any derivative securities reported in this Form 4?

No derivative securities were acquired or disposed of in this filing.