Eric D. Hovde - 28 Aug 2023 Form 4 Insider Report for EPLUS INC (PLUS)

Role
Director
Signature
/s/ Eric D. Hovde
Issuer symbol
PLUS
Transactions as of
28 Aug 2023
Net transactions value
-$2,127,628
Form type
4
Filing time
30 Aug 2023, 17:24:46 UTC
Previous filing
06 Jul 2023
Next filing
01 Sep 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLUS Common Stock Sale $322,340 -5,000 -8.9% $64.47 51,203 28 Aug 2023 Direct F1
transaction PLUS Common Stock Sale $486,398 -7,500 -15% $64.85 43,703 29 Aug 2023 Direct F2
transaction PLUS Common Stock Sale $644,679 -10,000 -33% $64.47 20,396 28 Aug 2023 Footnote F1, F3
transaction PLUS Common Stock Sale $674,212 -10,396 -51% $64.85 10,000 29 Aug 2023 Footnote F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction was executed in multiple trades at prices ranging from $64.40 to $64.65 per share, inclusive. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased and prices at which the transaction was effected.
F2 The transaction was executed in multiple trades at prices ranging from $64.45 to $65.40 per share, inclusive. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased and prices at which the transaction was effected.
F3 Mr. Hovde is the managing member of Hovde Capital Ltd., the general partner to Financial Institution Partners III, LP (FIP3). The transactions reported in this line item reflect sales of ePlus stock by FIP3. At the conclusion of the sales reported herein, FIP3 owns zero shares of ePlus stock. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 10,000 shares.