[144] Elastic N.V. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Elastic N.V. (ESTC) shows a proposed sale of 5,000 common shares through Morgan Stanley Smith Barney LLC on the NYSE, with an approximate sale date of 09/15/2025 and an aggregate market value reported as $440,628. The filer reports acquiring these 5,000 restricted shares from the issuer on 09/08/2025 with the payment date the same day. The filing also discloses two recent sales by the same person: 19,622 shares sold on 09/09/2025 for $1,768,360.33 and 5,000 shares sold on 06/16/2025 for $400,059.00. The filer attests they are not aware of any undisclosed material adverse information and the sale will be processed via the named broker.

Positive

• Compliance: The filer submitted a Rule 144 notice and included the required attestation about material nonpublic information.
• Transparency: Broker, sale date, acquisition date, and prior sales in the past three months are disclosed.

Negative

• Insider selling: The filer sold 24,622 shares in recent transactions totaling approximately $2.17 million, which could signal personal liquidity needs.

Insights

Securities Analyst

TL;DR Insider plans a modest sale of 5,000 restricted shares shortly after acquisition; recent prior sales were larger in aggregate.

The filing documents a proposed disposition of 5,000 common shares valued at $440,628 to be executed through Morgan Stanley Smith Barney on the NYSE on 09/15/2025. The shares were recorded as restricted stock acquired from the issuer on 09/08/2025. The filer also reported two sales in the past three months totaling 24,622 shares for approximately $2.17 million. For investors, these disclosures show insider liquidity events but no stated adverse information about the issuer. The transaction size relative to total outstanding shares (5,000 of 106,270,940) is immaterial to company capitalization.

Corporate Governance Expert

TL;DR Routine Rule 144 notice reflecting insider compliance; no governance red flags disclosed.

The notice follows Rule 144 procedures and includes the required attestation regarding material nonpublic information. The use of a named broker and the declaration that the shares are restricted stock acquired from the issuer are standard. Recent sales by the same person are disclosed, demonstrating prior liquidity activity. There is no evidence in the filing of unusual timing, related-party transfers, or other governance issues.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	5000	440628.00	106270940	09/15/2025	NYSE

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/08/2025	Restricted Stock	Issuer			5000	09/08/2025	Not Applicable

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
ASHUTOSH K KULKARNI 88 Kearny St. Floor 19 San Francisco CA 94108	Common	09/09/2025	19622	1768360.33
ASHUTOSH K KULKARNI 88 Kearny St. Floor 19 San Francisco CA 94108	Common	06/16/2025	5000	400059.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

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

The filing discloses a proposed sale of 5,000 common shares via Morgan Stanley Smith Barney on the NYSE with an approximate sale date of 09/15/2025 and aggregate market value of $440,628.

When were the shares to be sold acquired?

The 5,000 shares were acquired as restricted stock from the issuer on 09/08/2025 with payment dated the same day.

Has the filer sold other ESTC shares recently?

Yes. The filer sold 19,622 shares on 09/09/2025 for $1,768,360.33 and 5,000 shares on 06/16/2025 for $400,059.00.

What broker will handle the sale?

The sale is to be handled by Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.

How material is the proposed sale relative to outstanding shares?

The proposed 5,000 shares compare to 106,270,940 shares outstanding, making the sale immaterial to overall capitalization based on numbers reported in the filing.