STOCK TITAN

Tax withholding trims ePlus (PLUS) COO’s direct and trust holdings

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

Rhea-AI Filing Summary

ePlus Inc. chief operating officer Darren S. Raiguel reported routine equity compensation activity tied to restricted stock vesting. On partial vesting of awards granted on June 14, 2023 and June 14, 2024, a total of 5,534 shares of common stock were withheld at $83.19 per share to cover tax liabilities, which is not an open-market sale. Following these tax-withholding dispositions, Raiguel holds 32,137 ePlus shares directly and 55,748 shares indirectly through a revocable trust for him and his spouse.

Positive

  • None.

Negative

  • None.
Insider RAIGUEL DARREN S
Role CHIEF OPERATING OFFICER
Type Security Shares Price Value
Tax Withholding Common Stock 2,742 $83.19 $228K
Tax Withholding Common Stock 2,792 $83.19 $232K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 34,929 shares (Direct, null); Common Stock — 55,748 shares (Indirect, By Darren S. Raiguel Trust)
Footnotes (1)
  1. Represents shares withheld for payment of tax liability arising as a result of the partial vesting of a restricted stock award granted on June 14, 2023, and originally reported by the reporting person in a Form 4 filed with the Commission on June 16, 2023. Represents shares withheld for payment of tax liability arising as a result of the partial vesting of a restricted stock award granted on June 14, 2024, and originally reported by the reporting person in a Form 4 filed with the Commission on June 18, 2024. The shares are held in a revocable trust, of which the reporting person and his spouse are the sole trustees and beneficiaries.
Tax-withheld shares (2023 award) 2,792 shares Shares withheld at $83.19 to pay tax on partial vesting of June 14, 2023 restricted stock award
Tax-withheld shares (2024 award) 2,742 shares Shares withheld at $83.19 to pay tax on partial vesting of June 14, 2024 restricted stock award
Total tax-withheld shares 5,534 shares Combined F-code tax-withholding dispositions on June 14, 2026
Withholding price per share $83.19 per share Price used for both tax-withholding transactions in common stock
Direct holdings after transactions 32,137 shares Common stock directly owned by Darren S. Raiguel after tax-withholding dispositions
Indirect trust holdings 55,748 shares Common stock held indirectly via revocable trust for Raiguel and spouse
tax-withholding disposition financial
"Represents shares withheld for payment of tax liability arising as a result of the partial vesting of a restricted stock award"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock award financial
"partial vesting of a restricted stock award granted on June 14, 2023"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
revocable trust financial
"The shares are held in a revocable trust, of which the reporting person and his spouse are the sole trustees and beneficiaries."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
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SEC Form 4
FORM 4UNITED 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 VIRGINIA 20171-3413

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
EPLUS INC [ PLUS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
CHIEF OPERATING OFFICER
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/14/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/14/2026F2,742(1)D$83.1934,929D
Common Stock06/14/2026F2,792(2)D$83.1932,137D
Common Stock55,748IBy Darren S. Raiguel Trust(3)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares withheld for payment of tax liability arising as a result of the partial vesting of a restricted stock award granted on June 14, 2023, and originally reported by the reporting person in a Form 4 filed with the Commission on June 16, 2023.
2. Represents shares withheld for payment of tax liability arising as a result of the partial vesting of a restricted stock award granted on June 14, 2024, and originally reported by the reporting person in a Form 4 filed with the Commission on June 18, 2024.
3. The shares are held in a revocable trust, of which the reporting person and his spouse are the sole trustees and beneficiaries.
/s/ Darren S. Raiguel06/15/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What did ePlus (PLUS) COO Darren Raiguel report in this Form 4?

The Form 4 shows ePlus COO Darren S. Raiguel had 5,534 shares of common stock withheld to pay taxes on restricted stock vesting, not an open-market sale. It also updates his direct and trust holdings after these routine compensation-related transactions.

Were any ePlus (PLUS) shares sold on the open market in this filing?

No open-market sales are reported. The 2,792 and 2,742 shares shown were withheld by the company at $83.19 per share to satisfy tax liabilities from restricted stock vesting, a non-market, compensation-related disposition rather than a discretionary stock sale.

How many ePlus (PLUS) shares does COO Darren Raiguel hold after these transactions?

After these tax-withholding dispositions, Darren S. Raiguel holds 32,137 ePlus common shares directly. He also has 55,748 shares held indirectly through a revocable trust where he and his spouse serve as sole trustees and beneficiaries, according to the Form 4 disclosure.

What are the tax-withholding share amounts and price in the ePlus (PLUS) Form 4?

The filing reports two tax-withholding dispositions: 2,792 shares and 2,742 shares of ePlus common stock, both at $83.19 per share. These shares were delivered to cover tax liabilities triggered by partial vesting of restricted stock awards granted in 2023 and 2024.

How is the revocable trust described in the ePlus (PLUS) Form 4 footnotes?

The Form 4 footnotes state that 55,748 ePlus shares are held in a revocable trust, for which Darren S. Raiguel and his spouse are the sole trustees and beneficiaries. This means those indirect holdings are associated with them through the trust structure.