Form 4 for PLUS EPLUS INC
Accepted 2023-08-30 00:00:00 ET · period of report 2023-08-28 · accession 0001022408-23-000079 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2023-08-30 | 2023-08-28+ | PLUS | HOVDE ERIC D | Dir | S - Sale | $64.70 | -12.5K | 51.2K | -20% | -$808.7K |
| MI | 2023-08-30 | 2023-08-28+ | PLUS | HOVDE ERIC D | Dir | S - Sale | $64.66 | -20.4K | 10.0K | -67% | -$1.32M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-08-29 | S | D | 7,500 | $64.85 | 43,703 | D Footnote | — | — | (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. |
| 2 | Common | Common Stock | 2023-08-28 | S | D | 10,000 | $64.47 | 20,396 | I | — | — | (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. |
| 3 | Common | Common Stock | 2023-08-29 | S | D | 10,396 | $64.85 | 10,000 | I | — | — | (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. |
| 4 | Common | Common Stock | 2023-08-28 | S | D | 5,000 | $64.47 | 51,203 | D Footnote | — | — | (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. (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. |