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Elastic CTO Shay Banon plans sale of 6,577 shares

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Elastic N.V. (ESTC) received a notice that its CTO and director Shay Banon plans to sell ordinary shares under Rule 144. The filing lists a proposed sale of 6,577 ordinary shares through E*Trade, with an aggregate market value of $577,344.13, when there were 104,991,280 ordinary shares outstanding. It also notes 13,868 shares tied to a vesting of equity awards on September 8, 2026, and discloses several sales of ordinary shares during the past three months by Stichting RNYB and by Shay Banon.

Positive

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Negative

  • None.
Proposed shares to be sold 6,577 ordinary shares Planned Rule 144 sale through E*Trade Financial Corporation
Aggregate market value of proposed sale $577,344.13 Value of 6,577 shares listed in the Form 144
Ordinary shares outstanding 104,991,280 shares Shares outstanding referenced in connection with the proposed sale
Shares from vesting of equity awards 13,868 ordinary shares Vesting of equity awards on September 8, 2026
Stichting RNYB sale on August 31, 2026 200,000 shares for $19,292,580 Ordinary shares of Elastic N.V. sold by Stichting RNYB
Shay Banon sale on September 3, 2026 180,000 shares for $16,932,438 Ordinary shares of Elastic N.V. sold by Shay Banon
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
aggregate market value financial
"Ordinary Shares | E*Trade Financial Corporation ... | 577344.13 |"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
ordinary shares financial
"Ordinary Shares | E*Trade Financial Corporation"
Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.
vesting of equity awards financial
"Ordinary Shares | 09/08/2026 | Vesting of equity awards"

FAQ

What does Elastic N.V. (ESTC)'s latest Form 144 filing disclose?

It discloses that Shay Banon, CTO and director of Elastic N.V., intends to sell ordinary shares under Rule 144, including a proposed sale of 6,577 shares through E*Trade and recent sales by him and Stichting RNYB over the prior three months.

How many Elastic N.V. (ESTC) shares are proposed to be sold under this Form 144?

The notice lists a proposed sale of 6,577 ordinary shares of Elastic N.V. through E*Trade Financial Corporation, with an aggregate market value of $577,344.13, and identifies an additional 13,868 shares related to vesting of equity awards on September 8, 2026.

How many Elastic N.V. (ESTC) shares were outstanding as referenced in the Form 144?

The Form 144 states that there were 104,991,280 ordinary shares outstanding of Elastic N.V. in connection with the proposed Rule 144 sale disclosure.

What recent Elastic N.V. (ESTC) share sales by Shay Banon are disclosed?

The filing reports that Shay Banon sold 180,000 ordinary shares on September 3, 2026 for $16,932,438, 80,583 shares on September 4, 2026 for $7,465,804.73, and 149,009 shares on September 9, 2026 for $12,930,375.18.

What recent Elastic N.V. (ESTC) share sales by Stichting RNYB are disclosed?

Stichting RNYB is shown selling Elastic N.V. ordinary shares, including 200,000 shares on August 31, 2026 for $19,292,580 and 165,171 shares on September 2, 2026 for $14,908,863.01, along with other sales on September 1 and September 3, 2026.

What transaction is associated with the 13,868 Elastic N.V. (ESTC) shares in the Form 144?

The Form 144 notes 13,868 ordinary shares of Elastic N.V. in connection with a vesting of equity awards on September 8, 2026, describing them as securities to be sold linked to that vesting event.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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