Elastic CTO Shay Banon plans sale of 6,577 shares
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.
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Key Figures
Proposed shares to be sold: 6,577 ordinary shares
Aggregate market value of proposed sale: $577,344.13
Ordinary shares outstanding: 104,991,280 shares
+3 more
6 metrics
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
Key Terms
Rule 144, aggregate market value, ordinary shares, vesting of equity awards
4 terms
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.