Form 4: EPLUS COO Sells Shares Under 10b5-1 Plan

EPLUS Chief Operating Officer Darren S. Raiguel sold 711 shares of common stock across three transactions in early February 2026, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Darren S. Raiguel, Chief Operating Officer of EPLUS INC, disposed of a total of 711 shares of common stock.
• The sales occurred on February 9, 2026, and February 10, 2026.
• On February 9, 2026, 400 shares were sold at a weighted average price of $88.046 per share.
• On February 10, 2026, 236 shares were sold at a weighted average price of $88.4707 per share.
• Also on February 10, 2026, an additional 75 shares were sold at a weighted average price of $89.39 per share.
• All reported transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Raiguel on November 10, 2025.
• Following these transactions, Mr. Raiguel beneficially owns 57,037 shares indirectly through the Darren S. Raiguel Trust and 39,531 shares directly, totaling 96,568 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. While it represents insider selling, the execution under a pre-arranged 10b5-1 plan suggests personal financial planning rather than a negative signal about the company's future prospects.

Negatives

• Insider selling, even if pre-planned, can sometimes be perceived by the market as a lack of confidence, though the 10b5-1 plan mitigates this.

Industry Context

StockSavvy.ai notes that insider sales executed under Rule 10b5-1 trading plans are a common practice for executives to manage personal finances, diversify their portfolios, and ensure compliance with insider trading regulations by pre-scheduling transactions. These plans are typically established when the insider is not in possession of material non-public information.

Related Party Transactions

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

Stakeholder Impact

• Shareholders may observe the insider selling, but the pre-planned nature of the transactions under a 10b5-1 plan typically mitigates concerns about management's confidence in the company.

Key Dates

Recommendation

The insider sales by the Chief Operating Officer were conducted under a pre-established 10b5-1 trading plan, which is a common practice for executives to manage personal liquidity and diversification. Such planned sales generally do not reflect a change in the executive's outlook on the company's fundamental performance and therefore do not warrant a change in investment recommendation based solely on this filing.

Keywords

EPLUS, PLUS, insider trading, Form 4, stock sale, executive compensation, 10b5-1 plan, Darren S. Raiguel