New ePlus (NASDAQ: PLUS) director gets 894 restricted shares

Rhea-AI Filing Summary

ePlus inc. reported a new equity award for a director. On January 5, 2026, newly appointed director Michael Joseph Portegello was granted 894 shares of the company’s common stock as a restricted stock award under the Company’s 2024 Non-Employee Director Long Term Incentive Plan.

The restricted shares are subject to a restriction period that ends on the earlier of October 1, 2026, or the date of the Company’s next annual stockholder meeting following the grant date. Under the plan, in certain circumstances the restrictions may lapse early or the shares may be forfeited and transferred back to the Company.

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

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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^*

Portegello Michael Joseph

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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	01/05/2026		A		894(1)	A	$0	894	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 January 5, 2026, Mr. Portegello, a newly appointed director of ePlus inc. (the "Company") was granted a restricted stock award consisting of 894 shares of common stock of the Company (the "Restricted Shares"). The Restricted Shares were granted pursuant to the Company's 2024 Non-Employee Director Long Term Incentive Plan (the "Plan") and are subject to a Restriction Period that ends on the earlier of October 1, 2026, or the date of the Company's annual stockholder meeting that next follows after the date that the Award was granted (the "Restriction Period"). As more fully described in the Plan, under certain other circumstances the restrictions may lapse, or the shares may be forfeited and transferred back to the Company.

	/s/ Michael Joseph Portegello	01/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did ePlus (PLUS) report in this Form 4?

The filing reports that director Michael Joseph Portegello was granted a restricted stock award of 894 shares of ePlus inc. common stock on January 5, 2026.

How many ePlus (PLUS) shares does Michael Portegello beneficially own after this transaction?

Following the reported grant, 894 shares of ePlus common stock are shown as beneficially owned by Michael Portegello in direct ownership.

What are the key terms of Michael Portegello’s restricted stock award at ePlus (PLUS)?

The award consists of 894 restricted shares of ePlus common stock. The shares are subject to a Restriction Period that ends on the earlier of October 1, 2026, or the date of the Company’s next annual stockholder meeting after the grant date.

Under which plan was the ePlus (PLUS) director equity grant made?

The restricted stock was granted under the Company’s 2024 Non-Employee Director Long Term Incentive Plan, which governs the terms, restrictions, and potential forfeiture of the shares.

Can the restrictions on Michael Portegello’s ePlus (PLUS) restricted shares lapse early or be forfeited?

Yes. The filing states that, as described in the plan, under certain circumstances the restrictions may lapse, or the shares may be forfeited and transferred back to the Company.

Is this ePlus (PLUS) Form 4 transaction a purchase or a grant of shares?

The Form 4 describes the transaction as a grant of a restricted stock award consisting of 894 shares to Michael Portegello as a newly appointed director.