ePlus (PLUS) COO’s trust sells 711 shares, keeps over 96,000 total

Rhea-AI Filing Summary

ePlus Inc. Chief Operating Officer Darren S. Raiguel, through a revocable trust where he and his spouse are sole trustees and beneficiaries, reported open-market sales of a total of 711 shares of common stock on February 9 and 10, 2026. The trust sold 400 shares at a weighted average price of $88.046 per share, 236 shares at $88.4707 per share, and 75 shares at $89.39 per share, all under a pre-arranged Rule 10b5-1 trading plan adopted on November 10, 2025. Following these transactions, the trust held 57,037 shares indirectly, and Raiguel also held 39,531 shares directly.

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).

X

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)
02/09/2026

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	02/09/2026		S		400(1)	D	$88.046(2)	57,348	I	By Darren S. Raiguel Trust(3)
Common Stock	02/10/2026		S		236(1)	D	$88.4707(4)	57,112	I	By Darren S. Raiguel Trust(3)
Common Stock	02/10/2026		S		75(1)	D	$89.39(5)	57,037	I	By Darren S. Raiguel Trust(3)
Common Stock								39,531	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. The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 10, 2025.

2. The transaction was executed in multiple trades at prices ranging from $88.00 to $88.10 per share, inclusive. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased and prices at which the transaction was effected.

3. The shares are held in a revocable trust, of which the reporting person and his spouse are the sole trustees and beneficiaries.

4. The transaction was executed in multiple trades at prices ranging from $88.00 to $88.995 per share, inclusive. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased and prices at which the transaction was effected.

5. The transaction was executed in multiple trades at prices ranging from $89.045 to $89.69 per share, inclusive. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased and prices at which the transaction was effected.

	/s/ Darren S. Raiguel	02/11/2026
	** 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.

FAQ

What insider transactions did ePlus (PLUS) report for Darren S. Raiguel?

ePlus reported that a revocable trust associated with Chief Operating Officer Darren S. Raiguel sold a total of 711 shares of common stock on February 9 and 10, 2026, in three open-market transactions at weighted average prices between $88.046 and $89.39 per share.

Were the recent ePlus (PLUS) insider sales under a Rule 10b5-1 plan?

Yes. The filing states the reported transaction was effected under a Rule 10b5-1 trading plan adopted by the reporting person on November 10, 2025. Such plans pre-schedule trades, helping separate personal trading decisions from later material nonpublic information about the company.

How many ePlus (PLUS) shares does Darren S. Raiguel beneficially own after these trades?

After the reported transactions, the revocable trust associated with Darren S. Raiguel held 57,037 ePlus common shares indirectly, and he also held 39,531 shares directly. These totals reflect his beneficial ownership immediately following the February 2026 open-market sales reported in the Form 4.

What prices were received in the February 2026 ePlus (PLUS) insider sales?

The reported sales were executed at weighted average prices of $88.046, $88.4707, and $89.39 per share. Each price reflects multiple trades within narrow ranges, and the reporting person undertook to provide full trade-by-trade detail upon request to regulators, the issuer, or security holders.

Who actually holds the ePlus (PLUS) shares sold in the February 2026 Form 4?

The sold shares were held by a revocable trust, for which Darren S. Raiguel and his spouse serve as sole trustees and beneficiaries. The Form 4 characterizes these holdings as indirect beneficial ownership, distinguishing them from Raiguel’s separate directly held common stock position in ePlus.

Does the ePlus (PLUS) Form 4 show both direct and indirect holdings for Darren S. Raiguel?

Yes. The Form 4 reports 57,037 ePlus common shares held indirectly through a revocable trust and 39,531 shares held directly. The indirect trust position reflects trades reported with an indirect ownership code, while the direct position appears separately without any associated transaction code activity.