Eric D. Hovde - 26 Sep 2022 Form 4 Insider Report for EPLUS INC (PLUS)

Role: Director
Signature: Eric D. Hovde
Issuer symbol: PLUS
Transactions as of: 26 Sep 2022
Net transactions value: $0
Form type: 4
Filing time: 28 Sep 2022, 17:19:17 UTC
Previous filing: 06 Jul 2022
Next filing: 05 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLUS	Common Stock	Award	$0	+2,052	+3.9%	$0.000000	54,400	26 Sep 2022	Direct	F1
holding	PLUS	Common Stock						30,396	26 Sep 2022	Footnote	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On September 26, 2022, Mr. Hovde, a director of ePlus inc. (the "Company"), was granted a restricted stock award consisting of 2,052 shares of common stock of the Company (the "Restricted Shares"). The Restricted Shares were granted pursuant to the Company's 2017 Non-Employee Director Long Term Incentive Plan (the "Plan") and are subject to a Restriction Period beginning on the grant date and ending on the first anniversary of the grant for one-half of the Restricted Shares, and ending on the second anniversary of the grant for the remaining one half of the Restricted Shares (the "Restriction Period"). As more fully described in the Plan, under certain other circumstances the restrictions may lapse, or the shares may be forfeited and transferred back to the Company.
F2	Mr. Hovde is the managing member of Hovde Capital Ltd., the general partner to Financial Institution Partners III LP, which owns 20,396 shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 10,000 shares.

Content

On September 26, 2022, Mr. Hovde, a director of ePlus inc. (the "Company"), was granted a restricted stock award consisting of 2,052 shares of common stock of the Company (the "Restricted Shares"). The Restricted Shares were granted pursuant to the Company's 2017 Non-Employee Director Long Term Incentive Plan (the "Plan") and are subject to a Restriction Period beginning on the grant date and ending on the first anniversary of the grant for one-half of the Restricted Shares, and ending on the second anniversary of the grant for the remaining one half of the Restricted Shares (the "Restriction Period"). As more fully described in the Plan, under certain other circumstances the restrictions may lapse, or the shares may be forfeited and transferred back to the Company.

Mr. Hovde is the managing member of Hovde Capital Ltd., the general partner to Financial Institution Partners III LP, which owns 20,396 shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 10,000 shares.