[144] Elastic N.V. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Elastic N.V. (ESTC) reports a proposed sale of 100,000 common shares through Morgan Stanley Smith Barney on 09/08/2025 with an aggregate market value of $8,962,970. The filing shows 106,270,940 shares outstanding, and the shares were acquired as founder stock on 09/24/2012 from the issuer with cash payment. The filer represents no material nonpublic information exists. The document also lists two recent sales by STICHTING RNYB of 100,000 shares each on 09/04/2025 and 09/05/2025 with gross proceeds noted.

Positive

• Clear Rule 144 disclosure with broker and sale details provided
• Long holding period (acquired 09/24/2012 as founder stock) consistent with Rule 144 requirements
• Filer attests there is no material nonpublic information

Negative

• Insider-related selling of common shares is occurring, which may attract investor attention
• Two recent large sales by STICHTING RNYB on 09/04/2025 and 09/05/2025 are noted in the filing

Insights

Securities Analyst

TL;DR: A routine Rule 144 sale of founder shares; size appears immaterial relative to outstanding shares.

The filing documents a planned sale under Rule 144 of 100,000 common shares valued at $8.96 million, against 106.27 million shares outstanding, representing about 0.094% of the float based on provided figures. The securities were acquired as founder stock in 2012 and paid in cash, indicating a long holding period that typically satisfies Rule 144 holding requirements. Two nearby sales by STICHTING RNYB are disclosed for early September with gross proceeds recorded, which may reflect related or separate dispositions. Overall this is a routine, non-material issuer-related filing for investors assessing insider selling activity.

Corporate Governance Expert

TL;DR: Disclosure aligns with compliance expectations; raises standard governance questions about insider liquidity.

The notice includes the required declaration that the seller is not aware of undisclosed material information and cites founder stock origin. The filing provides transaction counterparty and broker details, enhancing transparency. While insider/founder selling can be normal for diversification or liquidity needs after long holding periods, stakeholders may note the nearby recorded sales by an entity named STICHTING RNYB on 09/04 and 09/05 for context. No indications of irregularities or compliance exceptions are present in the form itself.

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	8962970.00	106270940	09/08/2025	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	09/24/2012	Founder Stock	Issuer			100000	09/24/2012	Cash

* 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
STICHTING RNYB 88 Kearny St. Floor 19 San Francisco CA 94108	Common	09/05/2025	100000	8640100.00
STICHTING RNYB 88 Kearny St. Floor 19 San Francisco CA 94108	Common	09/04/2025	100000	8419910.00

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 ESTC report?

The Form 144 reports a proposed sale of 100,000 common shares through Morgan Stanley Smith Barney on 09/08/2025 with an aggregate market value of $8,962,970.

When and how were the shares being sold acquired according to the filing?

The shares were acquired as founder stock on 09/24/2012 from the issuer, with cash payment recorded.

How large is the proposed sale relative to shares outstanding?

The filing shows 106,270,940 shares outstanding; the 100,000-share sale represents about 0.094% of that total based on provided figures.

Were there any recent related sales disclosed?

Yes. The filing lists two sales by STICHTING RNYB on 09/04/2025 and 09/05/2025, each of 100,000 shares with gross proceeds shown.

Does the filer claim possession of material nonpublic information?

No. By signing the notice the filer represents that they do not know any material adverse information about the issuer that has not been publicly disclosed.