Form 4: EPLUS INC: Officer Raiguel Sells Shares to Cover Tax Obligations

Darren S. Raiguel, Chief Operating Officer of EPLUS INC, disposed of 2,314 shares of common stock on June 8, 2024, to cover tax liabilities arising from the vesting of a restricted stock award.

Summary

• On June 8, 2024, Darren S. Raiguel, the Chief Operating Officer of EPLUS INC, engaged in a transaction involving the company's common stock.
• Raiguel disposed of 2,314 shares at a price of $73.59 per share.
• This transaction was executed to cover the tax liability resulting from the partial vesting of a restricted stock award granted on June 8, 2022.
• Following the transaction, Raiguel directly owns 46,123 shares of EPLUS INC common stock.
• Additionally, Raiguel indirectly owns 33,123 shares through the Darren S. Raiguel Trust, where he and his spouse are the sole trustees and beneficiaries.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.

Key Dates