Form 4: EPLUS COO Darren Raiguel Reports Future Stock Transfers to Trust and ESPP Acquisition

EPLUS Inc.'s Chief Operating Officer, Darren S. Raiguel, filed a Form 4 detailing a future transfer of 14,179 common shares to a revocable trust and the acquisition of 81 shares through an Employee Stock Purchase Plan, both effective June 30, 2025.

Summary

• Darren S. Raiguel, Chief Operating Officer of EPLUS Inc., reported changes in his beneficial ownership of common stock.
• On June 30, 2025, Raiguel transferred 14,179 shares of ePlus inc. common stock from his direct ownership to the Darren S. Raiguel Trust for no consideration.
• Following this transfer, Raiguel's direct beneficial ownership decreased to 39,368 shares, while indirect beneficial ownership through the trust increased to 57,748 shares.
• The Darren S. Raiguel Trust is a revocable trust where Raiguel and his spouse are the sole trustees and beneficiaries, meaning Raiguel remains the beneficial owner of the shares held by the trust.
• Additionally, on June 30, 2025, Raiguel acquired 81 shares of common stock directly through participation in ePlus inc.'s Employee Stock Purchase Plan (ESPP) at a price of $61.285 per share.
• After the ESPP acquisition, Raiguel's direct beneficial ownership increased to 39,449 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The transactions are largely administrative (trust transfer) or a routine employee benefit (ESPP acquisition), which is a minor positive signal of insider investment. There are no negative implications.

Positives

• Acquisition of 81 shares through the Employee Stock Purchase Plan (ESPP) indicates continued participation and investment by a key executive in the company's equity.

Future Outlook

The document primarily reports past and future-dated insider transactions and does not provide forward-looking statements or guidance regarding the company's performance or strategic direction.

Management Comments

• The filing is a voluntary Form 4 to reflect shares acquired through the reporting person's participation in ePlus inc.'s Employee Stock Purchase Plan.
• 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, remaining the beneficial owner of the securities held by the trust.

Industry Context

Form 4 filings are standard regulatory disclosures for publicly traded companies, reporting changes in beneficial ownership by insiders. Employee Stock Purchase Plans (ESPPs) are common benefits offered by companies to allow employees to purchase company stock, often at a discount, fostering employee ownership and alignment with shareholder interests.

Comparison to Industry Standards

• The reported transactions, including the transfer of shares to a revocable trust and participation in an Employee Stock Purchase Plan, are common practices among corporate executives for personal financial planning and wealth management.
• The price of $61.285 for the ESPP acquisition is specific to ePlus inc.'s plan and market conditions at the time of the transaction, and its competitiveness would depend on the discount offered relative to the market price.

Corporate Governance

Related Party Transactions

• The transfer of 14,179 shares from Darren S. Raiguel's direct ownership to the Darren S. Raiguel Trust, where he and his spouse are sole trustees and beneficiaries, can be considered a related party transaction as it involves a transfer between entities controlled by the reporting person.

Stakeholder Impact

• Shareholders: Minimal direct impact, as the trust transfer is a change in the form of ownership rather than a sale, and the ESPP acquisition is a small, routine insider purchase.
• Employees: The ESPP participation highlights a common benefit available to employees, potentially reinforcing the value of such programs.

Key Dates

Keywords

EPLUS INC, PLUS, Form 4, Insider Transaction, Beneficial Ownership, Stock Transfer, Employee Stock Purchase Plan, ESPP, Darren S. Raiguel, Chief Operating Officer