[144] Elastic N.V. SEC Filing
Rhea-AI Filing Summary
Form 144 notice from a holder of Elastic N.V. (ESTC) stock reporting a proposed Rule 144 sale. The filing identifies a proposed sale of 100,000 common shares through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $8,640,100.00. The filing states the shares were acquired as a gift from an affiliate on 07/25/2023 and lists 106,270,940 shares outstanding for the class, making the proposed sale roughly 0.094% of outstanding common stock. The filing also discloses a prior sale of 100,000 shares on 09/04/2025 generating gross proceeds of $8,419,910.00. The filer certifies no undisclosed material adverse information and includes the standard Rule 144 representations.
Positive
- None.
Negative
- None.
Insights
TL;DR: Small, routine Rule 144 disposition; limited market impact given size relative to shares outstanding.
The notice documents a proposed public sale of 100,000 shares valued at $8.64M executed through Morgan Stanley Smith Barney on the NYSE. Versus 106.27M shares outstanding, this represents about 0.094% of the class, so supply pressure from this single filing is immaterial to market capitalization. The shares were received as a gift from an affiliate in July 2023, which is relevant for holding-period and resale qualification but does not itself change fundamentals. The disclosure of a comparable prior sale on 09/04/2025 shows prior liquidity for this holder. Impact rating: 0.
TL;DR: Compliance-focused filing; affirms procedural representations and trading plan considerations without governance concerns.
The Form 144 contains the standard attestations required under Rule 144, including the signers representation that no material nonpublic information exists. The origin of the shares as a gift from an affiliate and the use of a major broker are customary in such dispositions. There are no disclosures of executive departures, related-party transactions beyond the gift, or governance actions. From a governance standpoint this is a routine transfer and poses no evident board or disclosure control issues. Impact rating: 0.