AG˹ٷ

STOCK TITAN

[Form 4] ePlus Inc Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Arcutis Biotherapeutics (ARQT) filed a Form 4 disclosing that director Howard G. Welgus sold 9,208 common shares on 01 July 2025 at a weighted-average price of $13.8391 (price range: $13.65�$13.99). The sale was executed under a Rule 10b5-1 trading plan adopted on 11 March 2025 and scheduled to run through 29 May 2026.

Following the transaction, Welgus still beneficially owns 100,206 shares, held directly. No derivative security activity was reported. The filing was signed on 02 July 2025 by an attorney-in-fact.

This single transaction represents a modest reduction in the director’s holdings and does not, by itself, provide information on company fundamentals or near-term performance; however, investors often monitor insider sales for sentiment signals.

Arcutis Biotherapeutics (ARQT) ha presentato un Modulo 4 che rivela che il direttore Howard G. Welgus ha venduto 9.208 azioni ordinarie il 1° luglio 2025 a un prezzo medio ponderato di 13,8391 $ (intervallo di prezzo: 13,65�13,99 $). La vendita è stata effettuata nell'ambito di un piano di trading Rule 10b5-1 adottato l'11 marzo 2025 e previsto fino al 29 maggio 2026.

Dopo la transazione, Welgus detiene ancora 100.206 azioni direttamente. Non sono state segnalate attività su strumenti derivati. Il documento è stato firmato il 2 luglio 2025 da un procuratore.

Questa singola operazione rappresenta una riduzione modesta delle partecipazioni del direttore e, di per sé, non fornisce informazioni sui fondamentali dell’azienda o sulle performance a breve termine; tuttavia, gli investitori spesso monitorano le vendite interne per cogliere segnali di sentiment.

Arcutis Biotherapeutics (ARQT) presentó un Formulario 4 que revela que el director Howard G. Welgus Ի徱ó 9.208 acciones comunes el 1 de julio de 2025 a un precio promedio ponderado de 13,8391 $ (rango de precios: 13,65�13,99 $). La venta se realizó bajo un plan de negociación Rule 10b5-1 adoptado el 11 de marzo de 2025 y programado para ejecutarse hasta el 29 de mayo de 2026.

Tras la transacción, Welgus aún posee beneficiosamente 100.206 acciones de forma directa. No se reportaron actividades con valores derivados. El documento fue firmado el 2 de julio de 2025 por un apoderado.

Esta única operación representa una reducción modesta en las participaciones del director y, por sí sola, no proporciona información sobre los fundamentos de la empresa ni sobre el rendimiento a corto plazo; sin embargo, los inversores suelen monitorear las ventas internas para detectar señales de sentimiento.

Arcutis Biotherapeutics (ARQT)� 2025� 7� 1� 이사 Howard G. Welgus9,208� 보통�갶중평� 갶� 13.8391달러(갶� 범위: 13.65�13.99달러)� 매각했다� 신고하는 Form 4� 제출했습니다. � 매각은 2025� 3� 11일에 채택되어 2026� 5� 29일까지 유효� Rule 10b5-1 거래 계획� 따라 실행되었습니�.

거래 � Welgus� 여전� 직접 보유� 100,206�� 보유하고 있습니다. 파생상품 관� 거래� 보고되지 않았습니�. 해당 서류� 2025� 7� 2� 대리인� 서명했습니다.

이번 단일 거래� 이사� 보유 주식� 소폭 줄어� 것이�, 단독으로 회사� 기본� 상황이나 단기 실적� 관� 정보� 제공하지� 않습니다. 그러� 투자자들은 내부� 매도� 심리 신호� 주로 주시합니�.

Arcutis Biotherapeutics (ARQT) a déposé un formulaire 4 révélant que le directeur Howard G. Welgus a vendu 9 208 actions ordinaires le 1er juillet 2025 à un prix moyen pondéré de 13,8391 $ (fourchette de prix : 13,65�13,99 $). La vente a été réalisée dans le cadre d’un plan de trading Rule 10b5-1 adopté le 11 mars 2025 et prévu jusqu’au 29 mai 2026.

Après la transaction, Welgus détient toujours 100 206 actions directement. Aucune activité sur titres dérivés n’a été signalée. Le document a été signé le 2 juillet 2025 par un mandataire.

Cette opération unique représente une réduction modérée des participations du directeur et ne fournit pas, en soi, d’informations sur les fondamentaux de l’entreprise ou sur la performance à court terme ; cependant, les investisseurs surveillent souvent les ventes d’initiés pour détecter des signaux de sentiment.

Arcutis Biotherapeutics (ARQT) reichte ein Formular 4 ein, das offenlegt, dass Direktor Howard G. Welgus am 1. Juli 2025 9.208 Stammaktien zu einem gewichteten Durchschnittspreis von 13,8391 $ (Preisbereich: 13,65�13,99 $) verkauft hat. Der Verkauf erfolgte im Rahmen eines Rule 10b5-1 Handelsplans, der am 11. März 2025 angenommen wurde und bis zum 29. Mai 2026 läuft.

Nach der Transaktion besitzt Welgus weiterhin 100.206 Aktien direkt. Es wurden keine Aktivitäten mit Derivaten gemeldet. Die Einreichung wurde am 2. Juli 2025 von einem Bevollmächtigten unterzeichnet.

Diese einzelne Transaktion stellt eine moderate Reduzierung der Beteiligung des Direktors dar und liefert für sich genommen keine Informationen über die Fundamentaldaten des Unternehmens oder die kurzfristige Performance; dennoch beobachten Investoren Insiderverkäufe häufig als Stimmungsindikator.

Positive
  • None.
Negative
  • Director sold 9,208 shares of ARQT common stock.
  • Insider ownership decreased to 100,206 shares.
  • Transaction could be viewed as a negative sentiment signal despite 10b5-1 plan.

Insights

TL;DR: Small 10b5-1 insider sale; sentiment mildly negative, financial impact immaterial.

The reported sale of 9,208 shares (�8.4% of Welgus’s prior direct stake) raises limited concern. The use of a pre-arranged 10b5-1 plan mitigates information-asymmetry risk, and the residual holding of 100,206 shares suggests continued alignment with shareholders. Transaction size is marginal relative to ARQT’s average daily volume, so market impact is likely negligible. Overall, the filing is routine and does not alter ARQT’s investment thesis.

Arcutis Biotherapeutics (ARQT) ha presentato un Modulo 4 che rivela che il direttore Howard G. Welgus ha venduto 9.208 azioni ordinarie il 1° luglio 2025 a un prezzo medio ponderato di 13,8391 $ (intervallo di prezzo: 13,65�13,99 $). La vendita è stata effettuata nell'ambito di un piano di trading Rule 10b5-1 adottato l'11 marzo 2025 e previsto fino al 29 maggio 2026.

Dopo la transazione, Welgus detiene ancora 100.206 azioni direttamente. Non sono state segnalate attività su strumenti derivati. Il documento è stato firmato il 2 luglio 2025 da un procuratore.

Questa singola operazione rappresenta una riduzione modesta delle partecipazioni del direttore e, di per sé, non fornisce informazioni sui fondamentali dell’azienda o sulle performance a breve termine; tuttavia, gli investitori spesso monitorano le vendite interne per cogliere segnali di sentiment.

Arcutis Biotherapeutics (ARQT) presentó un Formulario 4 que revela que el director Howard G. Welgus Ի徱ó 9.208 acciones comunes el 1 de julio de 2025 a un precio promedio ponderado de 13,8391 $ (rango de precios: 13,65�13,99 $). La venta se realizó bajo un plan de negociación Rule 10b5-1 adoptado el 11 de marzo de 2025 y programado para ejecutarse hasta el 29 de mayo de 2026.

Tras la transacción, Welgus aún posee beneficiosamente 100.206 acciones de forma directa. No se reportaron actividades con valores derivados. El documento fue firmado el 2 de julio de 2025 por un apoderado.

Esta única operación representa una reducción modesta en las participaciones del director y, por sí sola, no proporciona información sobre los fundamentos de la empresa ni sobre el rendimiento a corto plazo; sin embargo, los inversores suelen monitorear las ventas internas para detectar señales de sentimiento.

Arcutis Biotherapeutics (ARQT)� 2025� 7� 1� 이사 Howard G. Welgus9,208� 보통�갶중평� 갶� 13.8391달러(갶� 범위: 13.65�13.99달러)� 매각했다� 신고하는 Form 4� 제출했습니다. � 매각은 2025� 3� 11일에 채택되어 2026� 5� 29일까지 유효� Rule 10b5-1 거래 계획� 따라 실행되었습니�.

거래 � Welgus� 여전� 직접 보유� 100,206�� 보유하고 있습니다. 파생상품 관� 거래� 보고되지 않았습니�. 해당 서류� 2025� 7� 2� 대리인� 서명했습니다.

이번 단일 거래� 이사� 보유 주식� 소폭 줄어� 것이�, 단독으로 회사� 기본� 상황이나 단기 실적� 관� 정보� 제공하지� 않습니다. 그러� 투자자들은 내부� 매도� 심리 신호� 주로 주시합니�.

Arcutis Biotherapeutics (ARQT) a déposé un formulaire 4 révélant que le directeur Howard G. Welgus a vendu 9 208 actions ordinaires le 1er juillet 2025 à un prix moyen pondéré de 13,8391 $ (fourchette de prix : 13,65�13,99 $). La vente a été réalisée dans le cadre d’un plan de trading Rule 10b5-1 adopté le 11 mars 2025 et prévu jusqu’au 29 mai 2026.

Après la transaction, Welgus détient toujours 100 206 actions directement. Aucune activité sur titres dérivés n’a été signalée. Le document a été signé le 2 juillet 2025 par un mandataire.

Cette opération unique représente une réduction modérée des participations du directeur et ne fournit pas, en soi, d’informations sur les fondamentaux de l’entreprise ou sur la performance à court terme ; cependant, les investisseurs surveillent souvent les ventes d’initiés pour détecter des signaux de sentiment.

Arcutis Biotherapeutics (ARQT) reichte ein Formular 4 ein, das offenlegt, dass Direktor Howard G. Welgus am 1. Juli 2025 9.208 Stammaktien zu einem gewichteten Durchschnittspreis von 13,8391 $ (Preisbereich: 13,65�13,99 $) verkauft hat. Der Verkauf erfolgte im Rahmen eines Rule 10b5-1 Handelsplans, der am 11. März 2025 angenommen wurde und bis zum 29. Mai 2026 läuft.

Nach der Transaktion besitzt Welgus weiterhin 100.206 Aktien direkt. Es wurden keine Aktivitäten mit Derivaten gemeldet. Die Einreichung wurde am 2. Juli 2025 von einem Bevollmächtigten unterzeichnet.

Diese einzelne Transaktion stellt eine moderate Reduzierung der Beteiligung des Direktors dar und liefert für sich genommen keine Informationen über die Fundamentaldaten des Unternehmens oder die kurzfristige Performance; dennoch beobachten Investoren Insiderverkäufe häufig als Stimmungsindikator.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BOWEN BRUCE M

(Last) (First) (Middle)
13595 DULLES TECHNOLOGY DRIVE

(Street)
HERNDON VA 20171-3413

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EPLUS INC [ PLUS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/01/2025 A 301(1) A $0 2,687 D
Common Stock 1,084 I By Elizabeth Dederich Bowen Trust
Common Stock 12,526 I By Bruce Montague Bowen Trust
Common Stock 10,700 I By Bowen Holdings LLC
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On July 1, 2025, the reporting person was issued 301 shares of common stock (the "Shares"). The Shares were issued pursuant to the reporting person's election to receive the Shares in lieu of cash compensation as permitted under the ePlus' 2024 Non-Employee Director Long Term Incentive Plan.
/s/ Bruce M. Bowen 07/02/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many ARQT shares did director Howard G. Welgus sell?

He sold 9,208 shares of Arcutis Biotherapeutics common stock.

What price did the ARQT shares sell for?

The weighted-average sale price was $13.8391, within a $13.65�$13.99 range.

When was the insider transaction executed?

The sale took place on July 1, 2025.

Does the director still own ARQT shares after the sale?

Yes, he still directly owns 100,206 shares following the transaction.

Was the sale conducted under a Rule 10b5-1 plan?

Yes, the transaction was made pursuant to a 10b5-1 trading plan adopted on March 11, 2025.

Is there any derivative security activity reported in this Form 4?

No derivative securities were acquired or disposed of in this filing.
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