Form 4: EPLUS INC: Chief Operating Officer Darren S. Raiguel Reports Stock Sales
SEC Filing
Darren S. Raiguel, Chief Operating Officer of EPLUS INC, reported the sale of common stock on May 20 and May 21, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Darren S. Raiguel, the Chief Operating Officer of EPLUS INC [PLUS], filed a Form 4 detailing changes in beneficial ownership.
- On May 20, 2024, Raiguel sold 4,133 shares of common stock at a weighted average price of $80.2958 per share.
- Additionally, on May 20, 2024, he sold 700 shares at a weighted average price of $80.8371 per share.
- On May 21, 2024, Raiguel sold 167 shares of common stock at a price of $80 per share.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on August 22, 2023.
- Following these transactions, Raiguel indirectly owns 33,123 shares through a revocable trust and directly owns 48,437 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock sales by an officer, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider and is a common occurrence in publicly traded companies.
Stakeholder Impact
- The stock sales by a company insider could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2023/08/22 | Date of adoption of Rule 10b5-1 trading plan |
| 2024/05/20 | Date of common stock sales |
| 2024/05/21 | Date of common stock sale |
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