Form 4: EPLUS INC CFO Elaine Marion Transfers Shares to Trust

Elaine Marion, CFO of EPLUS INC, reports transferring 15,446 shares of common stock to the Elaine D. Marion Trust on June 25, 2024.

Summary

• On June 25, 2024, Elaine D. Marion, the Chief Financial Officer of EPLUS INC, transferred 15,446 shares of EPLUS INC common stock from a personal account to the Elaine D. Marion Trust.
• The transfer was executed at a price of $0 per share.
• Following the transaction, Ms. Marion directly owns 42,360 shares and indirectly owns 69,442 shares through the Elaine D. Marion Trust and an IRA.
• Ms. Marion and her spouse are the sole trustees and beneficiaries of the revocable trust.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine share transfer. It doesn't convey any positive or negative sentiment about the company's performance or future prospects.

Industry Context

This is a routine disclosure of insider transactions, which are common and expected. It doesn't necessarily indicate a change in the company's prospects.

Related Party Transactions

• The transfer of shares to the Elaine D. Marion Trust, of which Ms. Marion and her spouse are beneficiaries, constitutes a related party transaction.

Stakeholder Impact

• This transaction is unlikely to have a significant impact on stakeholders as it is a transfer of shares for estate planning purposes and does not represent a sale of shares on the open market.

Key Dates