Form 4: EPLUS INC CFO Elaine D. Marion Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Elaine D. Marion, CFO of EPLUS INC, executed multiple sales of common stock on September 16, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Elaine D. Marion, the Chief Financial Officer of EPLUS INC, reported the sale of company common stock on September 16, 2024.
- The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 14, 2023.
- A total of 5,000 shares were sold in multiple transactions at weighted average prices of $91.6022, $92.5606, and $93.1527.
- Following the reported transactions, Marion directly owns 42,360 shares and indirectly owns 64,442 shares through a revocable trust and 424 shares through an IRA.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-existing trading plan. There's no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider trading activity. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Key Dates
| Date | Description |
|---|---|
| 09/14/2023 | Date of adoption of Rule 10b5-1 trading plan. |
| 09/16/2024 | Date of stock sale transactions. |
| 09/17/2024 | Date of Form 4 filing. |
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