[144] Elastic N.V. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Elastic N.V. (ESTC) indicates a proposed sale of 100,000 common shares through Morgan Stanley Smith Barney on the NYSE with an aggregate market value of $8,419,910. The filing reports the shares were received as a gift from an affiliate on 07/25/2023; the donor originally acquired those shares on 09/24/2012. The issuer's reported number of shares outstanding is 106,270,940 and the approximate date of sale is listed as 09/04/2025. No other securities were reported sold in the past three months and the filer affirms no undisclosed material adverse information.

Positive

• Regulatory compliance: The filer provided required Rule 144 details including broker, quantity, aggregate market value, and planned sale date.
• Transparency of provenance: The filing states the shares were a gift from an affiliate with acquisition and donor dates supplied.
• Attestation: The signer affirms there is no undisclosed material adverse information about the issuer.

Negative

• Planned insider-affiliated sale: A proposed sale of 100,000 shares (aggregate value $8,419,910) could be perceived negatively by investors.
• Limited context: The filing does not disclose whether the sale is part of a trading plan or how sales will be executed over time, restricting assessment of market impact.

Insights

Securities Analyst

TL;DR: Insider-affiliated sale disclosed; size is clear but not contextualized against trading volume or market impact.

The filing documents a planned sale of 100,000 shares valued at $8.42 million executed via Morgan Stanley Smith Barney on the NYSE. The shares were received as a gift from an affiliate on 07/25/2023. From a market-transaction perspective, the filing accomplishes regulatory notice requirements and gives investors transparent timing and quantity details. The filing does not include trading plan dates or additional context about whether sales will be staggered, so market impact and intent cannot be assessed from this notice alone.

Corporate Governance Expert

TL;DR: Disclosure satisfies Rule 144 procedural requirements but provides limited governance context about the affiliate relationship.

The form clearly states the relationship (gift from an affiliate) and provides acquisition and donor dates, meeting the mechanics of Rule 144 notice. The signer attests no undisclosed material adverse information. The filing lacks further governance disclosures such as the affiliate's role or any trading plan adoption date, which limits evaluation of alignment with shareholder interests.

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

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	100000	8419910.00	106270940	09/04/2025	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	07/25/2023	Gift from Affiliate	Issuer		09/24/2012	100000		NA

* 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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

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 the Form 144 filed for Elastic N.V. (ESTC) announce?

The form notifies a proposed sale of 100,000 common shares via Morgan Stanley Smith Barney on the NYSE with an aggregate market value of $8,419,910.

When is the approximate sale date listed on the Form 144?

The filing lists the approximate date of sale as 09/04/2025.

How were the shares being sold acquired according to the filing?

The shares were acquired as a gift from an affiliate on 07/25/2023; the donor originally acquired them on 09/24/2012.

How many shares outstanding does the filing report for Elastic N.V. (ESTC)?

The filing reports 106,270,940 shares outstanding.

Does the Form 144 report any securities sold by the filer in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months.