Form 4: EPLUS INC COO Darren S. Raiguel Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Darren S. Raiguel, Chief Operating Officer of EPLUS INC, sold 1,150 shares of common stock at $80 per share on February 26, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Darren S. Raiguel, the Chief Operating Officer of EPLUS INC, reported a transaction involving the company's common stock.
- On February 26, 2024, Raiguel sold 1,150 shares at a price of $80 per share.
- The sale was executed under a Rule 10b5-1 trading plan adopted on August 22, 2023.
- Following the transaction, Raiguel directly owns 48,437 shares and indirectly owns 38,123 shares through a revocable trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine transaction under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider trading activity. It is 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 |
|---|---|
| 08/22/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 02/26/2024 | Date of stock sale transaction |
| 02/27/2024 | Date of Form 4 filing |
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