Were Shay Banon’s ESTC share sales under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and there is no disclosure that the reported sales on September 3–4, 2026 were made under a Rule 10b5-1 or other pre-arranged trading plan.

Elastic N.V. insider sells 284,285 shares

Q: What insider transactions did ESTC report for Shay Banon on September 3–4, 2026?

Shay Banon reported 284,285 Elastic N.V. ordinary shares sold in open-market transactions on September 3–4, 2026, across ten separate sales, all reported as dispositions of non-derivative securities.

Q: What prices were ESTC shares sold at in Shay Banon’s September 2026 Form 4?

The reported sales used weighted average sales prices per footnote, including $94.0109, $94.6562, $94.4010, $93.4503, $94.3981, and $95.0601, with individual trades occurring within disclosed intraday price ranges in the low-to-mid $90s.

Q: How many ESTC shares did Shay Banon sell indirectly through a fund?

On September 3, 2026, three transactions totaling 23,702 shares (18,631; 1,300; 3,771 shares) were sold and are held indirectly by a fund for joint account owned by his three minor children, over which he has sole control and remains the indirect beneficial owner.

Q: What types of ESTC securities were involved in Shay Banon’s reported transactions?

All reported transactions involve Ordinary Shares of Elastic N.V. They are classified as non-derivative securities, and there are no option exercises, derivative transactions, or gifts disclosed in this Form 4.

Elastic N.V.’s CTO and director disclosed significant open-market share sales over two days in early September 2026.

Filing Impact

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Filing Sentiment

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Rhea-AI Filing Summary

Elastic N.V. (ESTC) director and Chief Technology Officer Shay Banon reported open-market sales of a total of 284,285 ordinary shares on September 3–4, 2026, at weighted average prices in the low-to-mid $90 range. Some shares were sold from a fund for joint account owned by his three minor children, over which he retains sole control and remains the indirect beneficial owner. No Rule 10b5-1 trading plan is reported in connection with these transactions.

Insider Trade Summary

Net Seller: 284,285 shares

Net Sell 10 txns

Insider Banon Shay

Role Chief Technology Officer

Sold 284,285 shs ($26.63M)

Type	Security	Shares	Price	Value
Sale	Ordinary Shares ^F7	700	$95.05	$67K
Sale	Ordinary Shares ^F8	66,266	$92.39	$6.12M
Sale	Ordinary Shares ^F9	10,400	$93.68	$974K
Sale	Ordinary Shares ^F10	3,217	$94.10	$303K
Sale	Ordinary Shares ^{F1, F11}	18,631	$94.01	$1.75M
Sale	Ordinary Shares ^{F2, F11}	1,300	$94.66	$123K
Sale	Ordinary Shares ^{F3, F11}	3,771	$94.40	$356K
Sale	Ordinary Shares ^F4	66,382	$93.45	$6.20M
Sale	Ordinary Shares ^F5	108,052	$94.40	$10.20M
Sale	Ordinary Shares ^F6	5,566	$95.06	$529K

Holdings After Transaction: Ordinary Shares — 1,554,978 shares (Indirect, By fund for joint account); Ordinary Shares — 4,156,557 shares (Direct)

Footnotes (11)

F1. The price reported in Column 4 represents a weighted average sales price of $94.0109. These shares were sold in multiple transactions at prices ranging from $93.60 to $94.495, inclusive. The reporting person undertakes to provide to Elastic N.V., any security holder of Elastic N.V., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in footnotes 1 through 10 to this Form 4.
F2. The price reported in Column 4 represents a weighted average sales price of $94.6562. These shares were sold in multiple transactions at prices ranging from $94.64 to $94.67, inclusive.
F3. The price reported in Column 4 represents a weighted average sales price of $94.401. These shares were sold in multiple transactions at prices ranging from $93.94 to $94.83, inclusive.
F4. The price reported in Column 4 represents a weighted average sales price of $93.4503. These shares were sold in multiple transactions at prices ranging from $93.00 to $93.995, inclusive.
F5. The price reported in Column 4 represents a weighted average sales price of $94.3981. These shares were sold in multiple transactions at prices ranging from $94.00 to $94.99, inclusive.
F6. The price reported in Column 4 represents a weighted average sales price of $95.0601. These shares were sold in multiple transactions at prices ranging from $95.00 to $95.20, inclusive.
F7. The price reported in Column 4 represents a weighted average sales price of $95.0543. These shares were sold in multiple transactions at prices ranging from $95.00 to $95.20, inclusive.
F8. The price reported in Column 4 represents a weighted average sales price of $92.3898. These shares were sold in multiple transactions at prices ranging from $92.00 to $92.99, inclusive.
F9. The price reported in Column 4 represents a weighted average sales price of $93.6783. These shares were sold in multiple transactions at prices ranging from $93.00 to $93.99, inclusive.
F10. The price reported in Column 4 represents a weighted average sales price of $94.0964. These shares were sold in multiple transactions at prices ranging from $94.00 to $94.18, inclusive.
F11. Held by a fund for joint account (the "fund") owned by the Reporting Person's three minor children. The Reporting Person continues to have sole control of such fund and remains the indirect beneficial owner of the shares owned by such fund.

Key Figures

Total shares sold: 284,285 shares Shares sold at $94.0109 weighted average: 18,631 shares Largest single direct sale block: 108,052 shares at $94.4000 per share +4 more

7 metrics

Total shares sold 284,285 shares Aggregate net shares sold across all reported transactions on September 3–4, 2026

Shares sold at $94.0109 weighted average 18,631 shares Indirect sale on September 3, 2026, with trades from $93.60 to $94.495

Largest single direct sale block 108,052 shares at $94.4000 per share Direct sale on September 3, 2026, reported as open-market or private transactions

Direct sale at $95.0601 weighted average 5,566 shares Direct transaction on September 3, 2026, with trades from $95.00 to $95.20

Direct sale at $95.0543 weighted average 700 shares Direct transaction on September 4, 2026, with trades from $95.00 to $95.20

Indirect fund sales total 23,702 shares Three indirect transactions on September 3, 2026 via a fund for joint account

Number of sale transactions reported 10 transactions Non-derivative open-market or private sales on September 3–4, 2026

Key Terms

weighted average sales price, indirect beneficial owner, fund for joint account, open market or private transaction

4 terms

weighted average sales price financial

"The price reported in Column 4 represents a weighted average sales price"

indirect beneficial owner financial

"remains the indirect beneficial owner of the shares owned by such fund"

fund for joint account financial

"Held by a fund for joint account (the "fund") owned by the Reporting Person's three minor children"

open market or private transaction financial

"Sale in open market or private transaction"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did ESTC report for Shay Banon on September 3–4, 2026?

Shay Banon reported 284,285 Elastic N.V. ordinary shares sold in open-market transactions on September 3–4, 2026, across ten separate sales, all reported as dispositions of non-derivative securities.

What prices were ESTC shares sold at in Shay Banon’s September 2026 Form 4?

The reported sales used weighted average sales prices per footnote, including $94.0109, $94.6562, $94.4010, $93.4503, $94.3981, and $95.0601, with individual trades occurring within disclosed intraday price ranges in the low-to-mid $90s.

How many ESTC shares did Shay Banon sell indirectly through a fund?

On September 3, 2026, three transactions totaling 23,702 shares (18,631; 1,300; 3,771 shares) were sold and are held indirectly by a fund for joint account owned by his three minor children, over which he has sole control and remains the indirect beneficial owner.

What types of ESTC securities were involved in Shay Banon’s reported transactions?

All reported transactions involve Ordinary Shares of Elastic N.V. They are classified as non-derivative securities, and there are no option exercises, derivative transactions, or gifts disclosed in this Form 4.

Does the Form 4 show Shay Banon’s ESTC holdings after these transactions?

No post-transaction holdings are provided in the transaction rows, as the “total shares following transaction” fields are blank. The filing therefore does not specify Shay Banon’s remaining direct or indirect share balances after these sales.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/08/2026 - 04:42 PM EDT Accepted by SEC EDGAR 09/08/2026 - 04:42 PM EDT

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Banon Shay

(Last)

(First)

(Middle)

C/O ELASTIC N.V.

33 NEW MONTGOMERY ST., FLOOR 9

(Street)

SAN FRANCISCO

CALIFORNIA

94105

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Elastic N.V. [ ESTC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Technology Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	09/03/2026		S		18,631	D	$94.01⁽¹⁾	1,560,049	I	By fund for joint account⁽¹¹⁾
Ordinary Shares	09/03/2026		S		1,300	D	$94.66⁽²⁾	1,558,749	I	By fund for joint account⁽¹¹⁾
Ordinary Shares	09/03/2026		S		3,771	D	$94.4⁽³⁾	1,554,978	I	By fund for joint account⁽¹¹⁾
Ordinary Shares	09/03/2026		S		66,382	D	$93.45⁽⁴⁾	4,350,758	D
Ordinary Shares	09/03/2026		S		108,052	D	$94.4⁽⁵⁾	4,242,706	D
Ordinary Shares	09/03/2026		S		5,566	D	$95.06⁽⁶⁾	4,237,140	D
Ordinary Shares	09/04/2026		S		700	D	$95.05⁽⁷⁾	4,236,440	D
Ordinary Shares	09/04/2026		S		66,266	D	$92.39⁽⁸⁾	4,170,174	D
Ordinary Shares	09/04/2026		S		10,400	D	$93.68⁽⁹⁾	4,159,774	D
Ordinary Shares	09/04/2026		S		3,217	D	$94.1⁽¹⁰⁾	4,156,557	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in Column 4 represents a weighted average sales price of $94.0109. These shares were sold in multiple transactions at prices ranging from $93.60 to $94.495, inclusive. The reporting person undertakes to provide to Elastic N.V., any security holder of Elastic N.V., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in footnotes 1 through 10 to this Form 4.

2. The price reported in Column 4 represents a weighted average sales price of $94.6562. These shares were sold in multiple transactions at prices ranging from $94.64 to $94.67, inclusive.

3. The price reported in Column 4 represents a weighted average sales price of $94.401. These shares were sold in multiple transactions at prices ranging from $93.94 to $94.83, inclusive.

4. The price reported in Column 4 represents a weighted average sales price of $93.4503. These shares were sold in multiple transactions at prices ranging from $93.00 to $93.995, inclusive.

5. The price reported in Column 4 represents a weighted average sales price of $94.3981. These shares were sold in multiple transactions at prices ranging from $94.00 to $94.99, inclusive.

6. The price reported in Column 4 represents a weighted average sales price of $95.0601. These shares were sold in multiple transactions at prices ranging from $95.00 to $95.20, inclusive.

7. The price reported in Column 4 represents a weighted average sales price of $95.0543. These shares were sold in multiple transactions at prices ranging from $95.00 to $95.20, inclusive.

8. The price reported in Column 4 represents a weighted average sales price of $92.3898. These shares were sold in multiple transactions at prices ranging from $92.00 to $92.99, inclusive.

9. The price reported in Column 4 represents a weighted average sales price of $93.6783. These shares were sold in multiple transactions at prices ranging from $93.00 to $93.99, inclusive.

10. The price reported in Column 4 represents a weighted average sales price of $94.0964. These shares were sold in multiple transactions at prices ranging from $94.00 to $94.18, inclusive.

11. Held by a fund for joint account (the "fund") owned by the Reporting Person's three minor children. The Reporting Person continues to have sole control of such fund and remains the indirect beneficial owner of the shares owned by such fund.

	/s/ Marielle Reints, by power of attorney	09/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR