Elastic CTO sells 4,283 shares to cover taxes

Rhea-AI Filing Summary

Elastic N.V. Chief Technology Officer Shay Banon reported an open-market sale of 4,283 Ordinary Shares on March 9, 2026 at $52.28 per share. According to the disclosure, this sale was mandated by the company’s equity incentive plan to cover tax withholding obligations tied to vesting stock units and was not a discretionary trade.

After this transaction, Banon directly holds 4,354,945 Ordinary Shares. He also indirectly beneficially owns 2,054,978 Ordinary Shares held by a fund for joint account owned by his three minor children, over which he retains sole control.

Insider Trade Summary

Net Seller: 4,283 shares

Net Sell 2 txns

Insider Banon Shay

Role Chief Technology Officer

Sold 4,283 shs ($224K)

Type	Security	Shares	Price	Value
Sale	Ordinary Shares	4,283	$52.28	$224K
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 4,354,945 shares (Direct); Ordinary Shares — 2,054,978 shares (Indirect, By fund for joint account)

Footnotes (2)

1. F1. The ordinary shares were sold to satisfy the Reporting Person's tax obligations in connection with the vesting of performance-based restricted stock units and restricted stock units. 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.
2. F2. 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.

FAQ

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

What insider transaction did Elastic (ESTC) report for Shay Banon?

Elastic reported that CTO Shay Banon sold 4,283 Ordinary Shares. The sale occurred on March 9, 2026 at $52.28 per share and was executed as an open-market transaction to cover tax withholding obligations from vesting equity awards.

Why did Elastic (ESTC) CTO Shay Banon sell 4,283 shares?

The sale was to satisfy tax obligations from vesting stock units. The company’s equity incentive plan required a "sell to cover" transaction, so the sale did not represent a discretionary trade by Shay Banon in the open market.

How many Elastic (ESTC) shares does Shay Banon hold after this Form 4?

After the sale, Shay Banon directly holds 4,354,945 Ordinary Shares. He also remains the indirect beneficial owner of 2,054,978 additional shares held by a fund for joint account owned by his three minor children, which he controls.

Was the Elastic (ESTC) insider sale by Shay Banon part of a trading decision?

No, the sale was mandated by the equity incentive plan. The filing states the transaction was required to fund tax withholding obligations through a "sell to cover" mechanism and specifically notes it does not represent a discretionary trade by Banon.

What indirect Elastic (ESTC) holdings are reported for Shay Banon?

The Form 4 shows 2,054,978 Ordinary Shares held indirectly. These shares are owned by a fund for joint account of Banon’s three minor children, but he maintains sole control of the fund and remains the indirect beneficial owner of those shares.

What type of security did Shay Banon trade in this Elastic (ESTC) Form 4?

The transaction involved Elastic N.V. Ordinary Shares. The Form 4 identifies the security as Ordinary Shares, with 4,283 shares sold at a price of $52.28 per share in connection with equity award tax withholding.

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

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Accepted by SEC EDGAR 03/10/2026 - 07:16 PM EDT 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).

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.

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 Technology Officer

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

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	03/09/2026		S(1)		4,283	D	$52.28	4,354,945	D
Ordinary Shares								2,054,978	I	By fund for joint account(2)

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. The ordinary shares were sold to satisfy the Reporting Person's tax obligations in connection with the vesting of performance-based restricted stock units and restricted stock units. 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.

2. 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	03/10/2026
	** 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.