Director Bruce Bowen takes 283 ePlus (PLUS) shares instead of cash

Rhea-AI Filing Summary

BOWEN BRUCE M reported acquisition or exercise transactions in this Form 4 filing.

ePlus Inc. director Bruce M. Bowen received 283 shares of common stock on April 1, 2026. This was a stock award taken in lieu of cash compensation under ePlus' 2024 Non-Employee Director Long Term Incentive Plan, so no cash changed hands for this grant.

After the award, Bowen holds 2,009 shares directly. He also has indirect ownership interests, including 13,413 shares held by the Bruce Montague Bowen Trust, 9,255 shares held by Bowen Holdings LLC, and 1,084 shares held by the Elizabeth Dederich Bowen Trust.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider BOWEN BRUCE M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	283	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 2,009 shares (Direct); Common Stock — 13,413 shares (Indirect, By Bruce Montague Bowen Trust)

Footnotes (1)

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Key Figures

Stock award: 283 shares Direct holdings after grant: 2,009 shares Bruce Montague Bowen Trust holdings: 13,413 shares +2 more

5 metrics

Stock award 283 shares Common stock granted April 1, 2026 in lieu of cash

Direct holdings after grant 2,009 shares Bruce M. Bowen direct ePlus common stock ownership

Bruce Montague Bowen Trust holdings 13,413 shares Indirect ownership reported for trust

Bowen Holdings LLC holdings 9,255 shares Indirect ownership through LLC

Elizabeth Dederich Bowen Trust holdings 1,084 shares Indirect ownership through trust

Key Terms

2024 Non-Employee Director Long Term Incentive Plan, in lieu of cash compensation, indirect ownership, Common Stock

4 terms

2024 Non-Employee Director Long Term Incentive Plan financial

"permitted under the ePlus' 2024 Non-Employee Director Long Term Incentive Plan"

in lieu of cash compensation financial

"election to receive the Shares in lieu of cash compensation"

indirect ownership financial

"indirect, nature_of_ownership: By Bruce Montague Bowen Trust"

Common Stock financial

"was issued 283 shares of common stock (the "Shares")"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

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)

C/O EPLUS INC.

13595 DULLES TECHNOLOGY DRIVE

(Street)

HERNDON VIRGINIA 20171-3413

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/01/2026		A		283(1)	A	$0	2,009	D
Common Stock								13,413	I	By Bruce Montague Bowen Trust
Common Stock								9,255	I	By Bowen Holdings LLC
Common Stock								1,084	I	By Elizabeth Dederich Bowen Trust

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 April 1, 2026, the reporting person was issued 283 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	04/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did ePlus (PLUS) director Bruce M. Bowen report in this Form 4?

Bruce M. Bowen reported receiving 283 shares of ePlus common stock as a stock award. The shares were taken instead of cash compensation under the 2024 Non-Employee Director Long Term Incentive Plan, increasing his directly held stake in the company.

How many ePlus (PLUS) shares did Bruce M. Bowen receive and on what basis?

He received 283 shares of ePlus common stock on April 1, 2026. These shares were issued because he chose to take equity instead of cash compensation, as allowed under ePlus' 2024 Non-Employee Director Long Term Incentive Plan for non-employee directors.

What are Bruce M. Bowen’s direct ePlus (PLUS) shareholdings after this transaction?

Following the stock award, Bowen directly owns 2,009 ePlus common shares. This reflects his updated personal holding after adding the 283-share grant taken instead of cash compensation under the company’s 2024 Non-Employee Director Long Term Incentive Plan.

What indirect ePlus (PLUS) holdings are associated with Bruce M. Bowen?

Indirectly, Bowen is associated with 13,413 shares held by the Bruce Montague Bowen Trust, 9,255 shares held by Bowen Holdings LLC, and 1,084 shares held by the Elizabeth Dederich Bowen Trust, as disclosed in the Form 4’s ownership details.

Was Bruce M. Bowen’s ePlus (PLUS) stock award an open-market purchase?

No, it was not an open-market purchase. The 283 shares were granted with a zero per-share price as compensation, issued under ePlus' 2024 Non-Employee Director Long Term Incentive Plan in lieu of cash fees he could have received.

Does the Form 4 for ePlus (PLUS) show any insider sales by Bruce M. Bowen?

The Form 4 shows no insider sales for this date. It reports a single acquisition of 283 shares as a director compensation award, along with updated direct and indirect shareholdings through various trusts and an LLC associated with Bowen.