Elastic officer plans $12.9M stock sale
Rhea-AI Filing Summary
Elastic N.V. (ESTC) received a Rule 144 notice from officer Shay‑Shalom Banon covering the proposed sale of 149,009 shares of its common stock through Morgan Stanley Smith Barney LLC. The filing lists an aggregate market value of $12,930,375.18 for these shares and notes 104,991,280 shares outstanding of Elastic common stock as of the filing.
The shares to be sold are identified as Founder Stock originally acquired from the issuer on September 24, 2012 for cash. The notice also reports several sales of Elastic common shares during the prior three months by Shay‑Shalom Banon and Stichting RNYB, including multiple transactions between August 31, 2026 and September 4, 2026.
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Key Figures
Shares proposed to be sold: 149,009 shares
Aggregate market value of proposed sale: $12,930,375.18
Shares outstanding: 104,991,280 shares
+3 more
6 metrics
Shares proposed to be sold
149,009 shares
Common stock covered by Shay‑Shalom Banon’s Rule 144 notice
Aggregate market value of proposed sale
$12,930,375.18
Value of 149,009 Elastic N.V. common shares in the Rule 144 notice
Shares outstanding
104,991,280 shares
Elastic N.V. common shares outstanding as stated in the notice
Past sale on September 4, 2026
80,583 shares for $7,465,804.73
Sale of Elastic common stock by Shay‑Shalom Banon
Past sale on September 3, 2026 (Banon)
180,000 shares for $16,932,438.00
Sale of Elastic common stock by Shay‑Shalom Banon
Past sale on August 31, 2026 (Stichting RNYB)
200,000 shares for $19,292,580.00
Sale of Elastic common stock by Stichting RNYB
Key Terms
Rule 144, Founder Stock, aggregate market value, Stichting
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.
Founder Stock financial
"Common | 09/24/2012 | Founder Stock | Issuer"
aggregate market value financial
"Common | ... | 149009 | 12930375.18 | 104991280 | 09/09/2026"
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.
Stichting financial
"STICHTING RNYB 33 New Montgomery St. Floor 9 San Francisco CA 94105"
FAQ
What does the Form 144 filed for Elastic N.V. (ESTC) disclose?
It discloses that officer Shay‑Shalom Banon intends to sell 149,009 shares of Elastic N.V. common stock under Rule 144, with an aggregate market value of $12,930,375.18, and provides background on the shares and recent related sales.
What prior sales of Elastic (ESTC) stock are listed in the past three months?
Reported past‑three‑month sales include, among others, 80,583 shares on September 4, 2026 for $7,465,804.73 and 180,000 shares on September 3, 2026 for $16,932,438.00 by Shay‑Shalom Banon, plus several transactions by Stichting RNYB.
AI-generated analysis. How Rhea-AI works. Not financial advice.