[Form 4] Elastic N.V. Insider Trading Activity

Rhea-AI Filing Summary

A report dated 09/15/2025 shows Elastic N.V. (ESTC) insider Ashutosh Kulkarni, who serves as Director and Chief Executive Officer, sold a total of 5,000 ordinary shares in two transactions under a Rule 10b5-1 trading plan adopted December 24, 2024. The first block of 4,450 shares sold at a weighted-average price of $88.0523 (trade prices ranged $87.635–$88.37) and the second block of 550 shares sold at a weighted-average price of $88.7194 (trade prices ranged $88.675–$88.7725). After these sales, the report lists 452,864 and 452,314 shares beneficially owned following each reported transaction, respectively. The filing was signed by power of attorney on 09/16/2025.

Positive

• Trades executed under a Rule 10b5-1 plan, indicating pre-authorized trading and compliance with insider-trading rules
• Form filed and signed by power of attorney, showing procedural completion of required disclosure

Negative

• Reporting person sold 5,000 ordinary shares, which reduces insider holdings (from prior levels to ~452k shares)
• Filing lacks context on percentage ownership of outstanding shares, so materiality to ownership stake cannot be assessed from this document alone

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.

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.

FAQ

What did Ashutosh Kulkarni report on Form 4 for ESTC?

The Form 4 reports that Ashutosh Kulkarni sold a total of 5,000 ordinary shares on 09/15/2025 in two transactions under a Rule 10b5-1 plan.

At what prices were the ESTC shares sold?

The sales had weighted-average prices of $88.0523 (range $87.635–$88.37) for 4,450 shares and $88.7194 (range $88.675–$88.7725) for 550 shares.

Does the filing state the trades were pre-authorized?

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted December 24, 2024.

How many ESTC shares does Kulkarni beneficially own after the reported sales?

The Form 4 lists beneficial ownership of 452,864 shares after the first reported sale and 452,314 after the second reported sale.

Was the Form 4 signed and when?

The Form 4 was signed by power of attorney /s/ Marielle Reints on 09/16/2025.