Elastic CRO sells 9,673 shares at $87.78
Elastic’s Chief Revenue Officer executed a mandatory sell-to-cover tax transaction tied to vested RSUs, retaining a substantial remaining share position.
Rhea-AI Filing Summary
Elastic N.V. (ESTC) reported that Chief Revenue Officer Mark Eugene Dodds sold 9,673 ordinary shares on September 9, 2026 at $87.78 per share. According to the company’s disclosure, the sale was a mandatory “sell to cover” transaction to satisfy tax withholding obligations on vested RSUs and performance-based RSUs, rather than a discretionary trade. After this sale, Dodds directly holds 288,538 ordinary shares.
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Insights
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Insider Trade Summary
Net Seller: 9,673 shares
Net Sell
1 txn
Insider
Dodds Mark Eugene
Role
Chief Revenue Officer
Sold
9,673 shs ($849K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares F1 | 9,673 | $87.78 | $849K |
Holdings After Transaction:
Ordinary Shares — 288,538 shares (Direct)
Footnotes (1)
- F1. The ordinary shares were sold to satisfy the Reporting Person's tax obligations in connection with the vesting of restricted stock units ("RSUs") and performance-based RSUs. The sales were mandated by the Issuer's equity incentive plan which requires the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
Key Figures
Shares sold: 9,673 shares
Sale price per share: $87.78 per share
Shares held after transaction: 288,538 shares
3 metrics
Shares sold
9,673 shares
Ordinary shares sold by Chief Revenue Officer on September 9, 2026
Sale price per share
$87.78 per share
Price for the 9,673 ordinary shares sold on September 9, 2026
Shares held after transaction
288,538 shares
Direct holdings of Mark Eugene Dodds following the reported sale
Key Terms
restricted stock units ("RSUs"), performance-based RSUs, equity incentive plan, sell to cover
4 terms
restricted stock units ("RSUs") financial
"tax obligations in connection with the vesting of restricted stock units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
performance-based RSUs financial
"in connection with the vesting of RSUs and performance-based RSUs"
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
equity incentive plan financial
"mandated by the Issuer's equity incentive plan which requires the satisfaction"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
sell to cover financial
"tax withholding obligations to be funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
FAQ
What insider transaction did Elastic N.V. (ESTC) report for Mark Eugene Dodds?
Elastic N.V. reported that Chief Revenue Officer Mark Eugene Dodds sold 9,673 ordinary shares on September 9, 2026 in a transaction coded as a sale in the open market or a private transaction.
Was the ESTC insider sale by Mark Eugene Dodds made under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is marked false, and the footnote explains the sale was mandated by the company’s equity incentive plan as a sell-to-cover tax transaction, not a discretionary trade under a trading plan.
What type of equity awards triggered the tax sell-to-cover for Elastic’s CRO?
The footnote explains that the tax obligations arose from the vesting of restricted stock units (RSUs) and performance-based RSUs, which led to the mandatory sell-to-cover sale of 9,673 ordinary shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
