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ESTC insider sale: CFO disposes 1,256 shares under 10b5-1 plan

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Elastic N.V. insider sale by CFO. The company's Chief Financial Officer, Welihinda Navam, reported a sale of 1,256 ordinary shares on 10/06/2025 at a reported per-share price of $84.58. After the sale the reporting person beneficially owned 129,247 ordinary shares in a direct form. The filing states the sale was made under a Rule 10b5-1 trading plan adopted on 07/07/2025. The form also notes inclusion of 67 shares purchased under the employee stock purchase plan on 09/15/2025. The report was signed by power of attorney on 10/07/2025.

Positive

  • Sale executed under a Rule 10b5-1 plan, indicating a pre-arranged trading framework
  • Reporting person retains 129,247 shares, maintaining material ownership alignment
  • Recent ESPP participation: 67 shares purchased on 09/15/2025

Negative

  • Insider sale of 1,256 shares reduces direct holdings and could be viewed negatively if followed by further sales
  • Single-officer filing limits visibility into whether other insiders have similar plans or sales

Insights

TL;DR: A planned, pre-arranged insider sale by the CFO reduced holdings modestly.

The sale of 1,256 shares at $84.58 was executed under a Rule 10b5-1 plan adopted on 07/07/2025, which provides an affirmative defense against insider trading claims when conditions are met. That procedural detail indicates the transaction followed a pre-set plan rather than an ad-hoc disposition.

Governance risks center on timing and disclosure transparency: since the plan date and sale date are disclosed, investors can verify procedural consistency. Monitor future Form 4 filings for additional systematic sales or departures that could materially change insider ownership over the near term.

TL;DR: Remaining ownership stays substantial, reflecting continued alignment with shareholders.

Post-transaction direct beneficial ownership of 129,247 ordinary shares remains significant for an individual officer, suggesting ongoing alignment between the CFO's financial interests and company performance. The filing also records recent participation in the Employee Stock Purchase Plan (09/15/2025), showing continued engagement with equity compensation programs.

Key items to watch include the cumulative pace of sales under the 10b5-1 plan and any changes to compensation structure in upcoming disclosures within the next few quarters.

Insider Welihinda Navam
Role Chief Financial Officer
Sold 1,256 shs ($106K)
Type Security Shares Price Value
Sale Ordinary Shares 1,256 $84.58 $106K
Holdings After Transaction: Ordinary Shares — 129,247 shares (Direct)
Footnotes (1)
  1. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 7, 2025. Includes 67 ordinary shares purchased under the Issuer's Employee Stock Purchase Plan on September 15, 2025.
Form 4 Insider Transactions: What Each Field Means →
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*
Welihinda Navam
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
10/06/2025
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 10/06/2025 S(1) 1,256 D $84.58 129,247(2) 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 July 7, 2025.
2. Includes 67 ordinary shares purchased under the Issuer's Employee Stock Purchase Plan on September 15, 2025.
/s/ Marielle Reints, by power of attorney 10/07/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Elastic N.V. (ESTC) CFO sell on 10/06/2025?

The CFO, Welihinda Navam, sold 1,256 ordinary shares at a reported price of $84.58 per share on 10/06/2025.

Was the sale by the ESTC CFO pre-arranged?

Yes. The filing states the sale was effected under a Rule 10b5-1 trading plan adopted on 07/07/2025.

How many ESTC shares does the reporting person own after the sale?

After the reported transaction the reporting person beneficially owned 129,247 ordinary shares in direct form.

Did the filing note any recent employee purchases for the reporting person?

Yes. The filing includes 67 shares purchased under the Employee Stock Purchase Plan on 09/15/2025.

When was the Form 4 signed and filed?

The signature (by power of attorney) is dated 10/07/2025 as shown on the filing.