Elastic CEO Ashutosh Kulkarni Sells 5,000 Shares

Rhea-AI Filing Summary

Elastic N.V. Chief Executive Officer Ashutosh Kulkarni reported selling 5,000 Ordinary Shares on September 15, 2025 in open‑market transactions, in two tranches of 4,450 and 550 shares at price ranges of $87.635–$88.37 and $88.675–$88.7725 per share, pursuant to a Rule 10b5-1 trading plan adopted on December 24, 2024. Following these sales, he holds 452,314 Ordinary Shares directly.

Insights

Securities Analyst

TL;DR: CEO sold 5,000 shares under a pre-established 10b5-1 plan; transaction appears routine and compliance-driven.

This Form 4 documents two small-scale open-market sales totaling 5,000 ordinary shares by Ashutosh Kulkarni under a 10b5-1 trading plan adopted on December 24, 2024. The weighted-average prices were $88.0523 and $88.7194. Sales done pursuant to a 10b5-1 plan reduce the likelihood these trades reflect nonpublic information. The remaining beneficial ownership reported (approximately 452k shares) remains sizable but the filing provides no context on total outstanding shares or percentage ownership, so materiality relative to the company capitalization cannot be determined from this form alone.

Corporate Governance Expert

TL;DR: Governance processes followed; 10b5-1 plan invoked and POA used to file—standard insider disclosure mechanics.

The filing indicates compliance with standard insider-trading safeguards: the trades were effected under a Rule 10b5-1 plan and the Form 4 was signed by an authorized power of attorney. Those facts suggest the transactions were pre-authorized and executed per plan parameters. The filing does not disclose intent, tax planning, or any change in role; it simply reports the sales and resultant beneficial ownership counts.

Insider Trade Summary

Net Seller: 5,000 shares

Net Sell 2 txns

Insider Kulkarni Ashutosh

Role Chief Executive Officer

Sold 5,000 shs ($441K)

Type	Security	Shares	Price	Value
Sale	Ordinary Shares	4,450	$88.05	$392K
Sale	Ordinary Shares	550	$88.72	$49K

Holdings After Transaction: Ordinary Shares — 452,314 shares (Direct)

Footnotes (3)

1. F1. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 24, 2024.
2. F2. The price reported in Column 4 represents a weighted average sales price of $ 88.0523. These shares were sold in multiple transactions at prices ranging from $87.635 to $88.37, 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 2 and 3 to this Form 4.
3. F3. The price reported in Column 4 represents a weighted average sales price of $ 88.7194. These shares were sold in multiple transactions at prices ranging from $88.675 to $88.7725, inclusive.

Key Figures

Shares sold (first tranche): 4,450 shares Shares sold (second tranche): 550 shares Total shares sold: 5,000 shares +3 more

6 metrics

Shares sold (first tranche) 4,450 shares Ordinary Shares sale on September 15, 2025

Shares sold (second tranche) 550 shares Ordinary Shares sale on September 15, 2025

Total shares sold 5,000 shares Aggregate Ordinary Shares sold by CEO Ashutosh Kulkarni

Price range first tranche $87.635 to $88.37 per share Multiple transactions, weighted average price footnote for 4,450-share sale

Price range second tranche $88.675 to $88.7725 per share Multiple transactions, weighted average price footnote for 550-share sale

Post-transaction holdings 452,314 shares Direct ownership of Elastic N.V. Ordinary Shares after reported sales

Key Terms

Rule 10b5-1 trading plan, weighted average sales price, Ordinary Shares

3 terms

Rule 10b5-1 trading plan regulatory

"This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average sales price financial

"The price reported in Column 4 represents a weighted average sales price of $ 88.0523"

Ordinary Shares financial

"The transactions involved Elastic N.V. Ordinary Shares held directly by the reporting person"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

FAQ

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

What did Elastic N.V. (ESTC) CEO Ashutosh Kulkarni report in this Form 4?

Elastic N.V. CEO Ashutosh Kulkarni reported selling 5,000 Ordinary Shares on September 15, 2025 in two open‑market transactions. The trades were executed under a Rule 10b5-1 trading plan and left him with 452,314 shares of Elastic held directly.

How many Elastic N.V. (ESTC) shares did Kulkarni sell and at what price ranges?

Kulkarni sold 4,450 shares at prices from $87.635 to $88.37 and 550 shares at prices from $88.675 to $88.7725. These Ordinary Shares sales on September 15, 2025 were reported as open‑market or private transactions.

Was the Elastic N.V. (ESTC) CEO’s sale made under a Rule 10b5-1 plan?

Yes. A footnote states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Ashutosh Kulkarni on December 24, 2024. Such plans pre-arrange trades, reducing the informational value of their exact timing.

How many Elastic N.V. (ESTC) shares does Ashutosh Kulkarni hold after this reported sale?

After the reported transactions, Ashutosh Kulkarni directly holds 452,314 Ordinary Shares of Elastic N.V. This post-transaction balance is explicitly provided as the canonical holding and represents his remaining reported direct ownership.

Does this Elastic N.V. (ESTC) Form 4 include any derivative transactions or options exercises?

No. The provided data show only non-derivative Ordinary Share sales totaling 5,000 shares. The filing’s transaction summary reports zero derivative transactions, exercises, gifts, or tax-withholding dispositions in this Form 4.

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

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Accepted by SEC EDGAR 09/16/2025 - 04:26 PM Learn about SEC filing dates

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).

X

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^*

Kulkarni Ashutosh

(Last) (First) (Middle)

C/O ELASTIC N.V.

88 KEARNY STREET, FLOOR 19

(Street)

SAN FRANCISCO CA 94108

(City) (State) (Zip)

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 Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	09/15/2025		S(1)		4,450	D	$88.05(2)	452,864	D
Ordinary Shares	09/15/2025		S(1)		550	D	$88.72(3)	452,314	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 24, 2024.

2. The price reported in Column 4 represents a weighted average sales price of $ 88.0523. These shares were sold in multiple transactions at prices ranging from $87.635 to $88.37, 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 2 and 3 to this Form 4.

3. The price reported in Column 4 represents a weighted average sales price of $ 88.7194. These shares were sold in multiple transactions at prices ranging from $88.675 to $88.7725, inclusive.

	/s/ Marielle Reints, by power of attorney	09/16/2025
	** 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.