<SEC-DOCUMENT>0001022408-23-000034.txt : 20230616
<SEC-HEADER>0001022408-23-000034.hdr.sgml : 20230616
<ACCEPTANCE-DATETIME>20230616171329
ACCESSION NUMBER:		0001022408-23-000034
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20230614
FILED AS OF DATE:		20230616
DATE AS OF CHANGE:		20230616

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			RAIGUEL DARREN S
		CENTRAL INDEX KEY:			0001736723

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34167
		FILM NUMBER:		231022231

	MAIL ADDRESS:	
		STREET 1:		25850 YELLOW BIRCH COURT
		CITY:			ALDIE
		STATE:			VA
		ZIP:			20105

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EPLUS INC
		CENTRAL INDEX KEY:			0001022408
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-COMPUTER & PERIPHERAL EQUIPMENT & SOFTWARE [5045]
		IRS NUMBER:				541817218
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		13595 DULLES TECHNOLOGY DRIVE
		CITY:			HERNDON
		STATE:			VA
		ZIP:			20171-3413
		BUSINESS PHONE:		7039848400

	MAIL ADDRESS:	
		STREET 1:		13595 DULLES TECHNOLOGY DRIVE
		CITY:			HERNDON
		STATE:			VA
		ZIP:			20171-3413

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MLC HOLDINGS INC
		DATE OF NAME CHANGE:	19960906
</SEC-HEADER>
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    <periodOfReport>2023-06-14</periodOfReport>

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        <issuerName>EPLUS INC</issuerName>
        <issuerTradingSymbol>PLUS</issuerTradingSymbol>
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            <rptOwnerName>RAIGUEL DARREN S</rptOwnerName>
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            <rptOwnerStreet1>13595 DULLES TECHNOLOGY DRIVE</rptOwnerStreet1>
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            <rptOwnerCity>HERNDON</rptOwnerCity>
            <rptOwnerState>VA</rptOwnerState>
            <rptOwnerZipCode>20171-3413</rptOwnerZipCode>
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            <officerTitle>Chief Operating Officer</officerTitle>
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            <securityTitle>
                <value>Common Stock</value>
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            <transactionDate>
                <value>2023-06-14</value>
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                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                    <value>By Darren S. Raiguel Trust</value>
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    <footnotes>
        <footnote id="F1">On June 14, 2023, Mr. Raiguel, an executive of ePlus inc. (the &quot;Company&quot;) was granted a restricted stock award consisting of 24,145 shares of common stock of the Company (the &quot;Restricted Shares&quot;). The Restricted Shares were granted by the Company's Compensation Committee, pursuant to the Company's 2021 Employee Long-Term Incentive Plan. The Restricted Shares are subject to a restriction period of three years, with one-third of the shares vesting on each of the next three annual anniversaries of the grant. As more fully described in the Plan, under certain circumstances the restrictions may lapse, or the shares may be forfeited and transferred back to the Company.</footnote>
        <footnote id="F2">Represents shares withheld for payment of tax liability arising as a result of the partial vesting of a restricted stock award granted on June 15, 2023, and originally reported by the reporting person in a Form 4 filed with the Commission on June 17, 2021.</footnote>
        <footnote id="F3">Represents shares withheld for payment of tax liability arising as a result of the partial vesting of a restricted stock award granted on June 16, 2023, and originally reported by the reporting person in a Form 4 filed with the Commission on June 17, 2020.</footnote>
        <footnote id="F4">The shares are held in a revocable trust, of which the reporting person and his spouse are the sole trustees and beneficiaries.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Erica S. Stoecker, attorney-in-fact</signatureName>
        <signatureDate>2023-06-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
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<div>&#160;</div>

<div style='FONT-SIZE: 11pt; FONT-FAMILY: &#39;Times New Roman&#39;, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center'>LIMITED POWER OF ATTORNEY</div>

<div><br>
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<div style='FONT-SIZE: 11pt; FONT-FAMILY: &#39;Times New Roman&#39;, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt'>Know all by these presents, that the undersigned hereby constitutes and appoints Erica S. Stoecker and Elaine D. Marion, and with full power of substitution, the undersigned's true and lawful attorney&#8209;in&#8209;fact to:</div>

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<div style='FONT-SIZE: 11pt; FONT-FAMILY: &#39;Times New Roman&#39;, serif; TEXT-ALIGN: justify'>Prepare, execute in the undersigned's name and on the undersigned's behalf, and submit to the U.S. Securities and Exchange Commission (the "SEC") electronic filings with the SEC of reports required by Section 16(a) of the Securities Exchange Act of 1934 (the "Exchange Act");</div>
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<div style='FONT-SIZE: 11pt; FONT-FAMILY: &#39;Times New Roman&#39;, serif; TEXT-ALIGN: justify'>take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney&#8209;in&#8209;fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney&#8209;in&#8209;fact on behalf of the undersigned pursuant to this Limited Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney&#8209;in&#8209;fact may approve in such attorney&#8209;in&#8209;fact's discretion.</div>
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<div style='FONT-SIZE: 11pt; FONT-FAMILY: &#39;Times New Roman&#39;, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt'>The undersigned hereby grants to each such attorney&#8209;in&#8209;fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney&#8209;in&#8209;fact, or such attorney&#8209;in&#8209;fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney and the rights and powers herein granted.&#160; The undersigned acknowledges that the foregoing attorney&#8209;in&#8209;fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the ePlus inc. assuming, any of the undersigned's responsibilities to comply with Section&#160;16 of the Exchange Act.</div>

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<div style='FONT-SIZE: 11pt; FONT-FAMILY: &#39;Times New Roman&#39;, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt'>IN WITNESS WHEREOF, the undersigned has caused this Limited Power of Attorney to be executed as of this 7th day of May, 2018.</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: justify">/s/ Darren S. Raiguel</div>
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<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: justify">/s/ Steve Fahle</div>
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<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: justify">/s/ Steve Fahle</div>
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