ePlus insider Bruce Bowen moves shares to trust and charity on Form 4

Rhea-AI Filing Summary

ePlus inc. (PLUS) director Bruce M. Bowen reported internal transfers and a charitable donation of the company’s common stock. On November 13, 2025, he moved 300 shares from his directly owned account into the Bruce Montague Bowen Trust for no consideration, while remaining trustee and sole beneficiary, so he continues to be the beneficial owner of those shares.

The filing also notes that 1,000 shares were transferred from the Bruce Montague Bowen Trust into a charitable donor advised fund, reducing the trust’s holdings but reflecting a philanthropic use of stock. After these changes, Bowen reports a mix of direct and indirect ownership through the Bruce Montague Bowen Trust, the Elizabeth Dederich Bowen Trust, and Bowen Holdings LLC.

Insider Trade Summary

1,000 shares gifted

Mixed 5 txns

Insider BOWEN BRUCE M

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	300	$0.00	--
Other	Common Stock	300	$0.00	--
Gift	Common Stock	1,000	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,478 shares (Direct); Common Stock — 15,513 shares (Indirect, By Bruce Montague Bowen Trust)

Footnotes (1)

1. On November 13, 2025, the reporting person transferred 300 shares of ePlus inc. common stock from an account owned by the reporting person to the Bruce Montague Bowen Trust for no consideration. The reporting person is trustee of the trust, and the reporting person is the sole beneficiary of the trust. The reporting person remains the beneficial owner of the securities held by the trust. Ownership has been updated to reflect the transfer of 1,000 shares of common stock from the Bruce Montague Bowen Trust into a charitable donor advised fund.

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
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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^*

BOWEN BRUCE M

(Last) (First) (Middle)

C/O EPLUS INC.

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)
11/13/2025

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	11/13/2025		J		300	D	$0	1,478	D(1)
Common Stock	11/13/2025		J		300	A	$0	15,513	I(1)	By Bruce Montague Bowen Trust
Common Stock	11/13/2025		G		1,000	D	$0	14,513	I	By Bruce Montague Bowen Trust(2)
Common Stock								1,084	I	By Elizabeth Dederich Bowen Trust
Common Stock								10,700	I	By Bowen Holdings LLC

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 November 13, 2025, the reporting person transferred 300 shares of ePlus inc. common stock from an account owned by the reporting person to the Bruce Montague Bowen Trust for no consideration. The reporting person is trustee of the trust, and the reporting person is the sole beneficiary of the trust. The reporting person remains the beneficial owner of the securities held by the trust.

2. Ownership has been updated to reflect the transfer of 1,000 shares of common stock from the Bruce Montague Bowen Trust into a charitable donor advised fund.

	/s/ BRUCE M. BOWEN	11/17/2025
	** 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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