STOCK TITAN

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

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

Shay Banon, Chief Technology Officer and director of Elastic N.V. (ESTC), reported multiple sales of the issuer's ordinary shares on September 8 and 9, 2025. The Form 4 shows aggregate dispositions of 204,326 ordinary shares sold at weighted-average prices reported in footnotes: $88.6689, $89.5659, $90.6262, $91.2654 and $90.3452 for the separate lots.

Following these transactions, the reporting person beneficially owns 4,363,780 shares directly and 2,054,978 shares indirectly (held by a fund for the reporting person’s three minor children, with the reporting person retaining sole control). A sale of 4,326 shares was explicitly identified as a mandatory "sell to cover" to satisfy tax withholding related to RSU vesting; other sales are reported as dispositions with the prices noted above.

Shay Banon, Chief Technology Officer e amministratore di Elastic N.V. (ESTC), ha segnalato la vendita di più blocchi delle azioni ordinarie dell’emittente negli giorni 8 e 9 settembre 2025. Il Modulo 4 indica disposizioni aggregate per 204.326 azioni ordinarie vendute a prezzi medi ponderati riportati nelle note a piè di pagina: $88.6689, $89.5659, $90.6262, $91.2654 e $90.3452 per i singoli lotti.

Dopo queste operazioni, la persona che ha presentato la comunicazione detiene beneficiariamente 4.363.780 azioni in proprietà diretta e 2.054.978 azioni in via indiretta (possedute da un fondo intestato ai tre figli minori della stessa, con la persona che mantiene il controllo esclusivo). Una vendita di 4.326 azioni è stata specificatamente indicata come obbligatoria per "sell to cover" a copertura delle ritenute fiscali connesse alla maturazione di RSU; le altre cessioni sono riportate come disposizioni ai prezzi sopra indicati.

Shay Banon, Director de Tecnología y miembro del consejo de Elastic N.V. (ESTC), informó ventas múltiples de acciones ordinarias de la emisora los días 8 y 9 de septiembre de 2025. El Formulario 4 muestra disposiciones agregadas de 204.326 acciones ordinarias vendidas a precios promedio ponderados que se detallan en las notas al pie: $88.6689, $89.5659, $90.6262, $91.2654 y $90.3452 para los distintos lotes.

Tras estas transacciones, la persona informante posee a su favor 4.363.780 acciones de forma directa y 2.054.978 acciones de forma indirecta (mantenidas por un fondo para los tres hijos menores de la persona informante, quien conserva el control exclusivo). Una venta de 4.326 acciones se identificó explícitamente como una operación obligatoria de "sell to cover" para cubrir la retención fiscal vinculada a la consolidación de RSU; las demás ventas se declaran como disposiciones a los precios indicados arriba.

Shay Banon은 Elastic N.V. (ESTC)의 최고기술책임자 겸 이사로서 2025년 9월 8일과 9일에 발행회사의 보통주를 여러 차례 매각했다고 보고했습니다. Form 4에는 개별 매도 묶음별로 주석에 기재된 가중평균 가격 $88.6689, $89.5659, $90.6262, $91.2654, $90.3452에 총 204,326주 보통주가 처분된 것으로 나와 있습니다.

이 거래 이후 보고인은 직접 보유 4,363,780주간접 보유 2,054,978주를 이익귀속 형태로 보유하고 있습니다(간접 보유분은 보고인의 세 자녀를 위한 펀드에 보관되며 보고인은 단독 통제권을 유지). 4,326주의 매각은 RSU(제한주)의 행사로 발생한 세금 원천징수를 충당하기 위한 의무적 "sell to cover"로 명시되었고, 나머지 매각은 위에 적시된 가격으로 처분된 것으로 보고되었습니다.

Shay Banon, Directeur technique et administrateur d’Elastic N.V. (ESTC), a déclaré plusieurs ventes d’actions ordinaires de l’émetteur les 8 et 9 septembre 2025. Le formulaire 4 fait état de cessions globales de 204 326 actions ordinaires vendues aux prix moyens pondérés indiqués en notes de bas de page : $88.6689, $89.5659, $90.6262, $91.2654 et $90.3452 pour les lots séparés.

À la suite de ces opérations, la personne déclarante détient à titre bénéficiaire 4 363 780 actions en propriété directe et 2 054 978 actions en propriété indirecte (détenues par un fonds pour les trois enfants mineurs de la personne déclarante, cette dernière conservant le contrôle exclusif). La vente de 4 326 actions a été expressément identifiée comme un "sell to cover" obligatoire pour satisfaire les retenues fiscales liées à la vesting des RSU ; les autres ventes sont déclarées comme des cessions aux prix indiqués ci‑dessus.

Shay Banon, Chief Technology Officer und Direktor von Elastic N.V. (ESTC), meldete mehrere Verkäufe von Stammaktien des Emittenten am 8. und 9. September 2025. Das Formular 4 weist aggregierte Veräußerungen von 204.326 Stammaktien aus, die zu den in den Fußnoten angegebenen gewichteten Durchschnittspreisen veräußert wurden: $88.6689, $89.5659, $90.6262, $91.2654 und $90.3452 für die einzelnen Partien.

Nach diesen Transaktionen besitzt die meldepflichtige Person wirtschaftlich 4.363.780 Aktien direkt und 2.054.978 Aktien indirekt (gehalten in einem Fonds für die drei minderjährigen Kinder der Person, wobei die meldende Person die alleinige Kontrolle behält). Ein Verkauf von 4.326 Aktien wurde ausdrücklich als verpflichtendes "sell to cover" zur Deckung von Steuerabzügen im Zusammenhang mit der Vesting von RSUs ausgewiesen; die übrigen Verkäufe werden als Veräußerungen zu den oben genannten Preisen angegeben.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Insider executed routine equity dispositions totaling 204,326 shares; substantial remaining direct and indirect holdings persist.

The reported transactions on September 8-9, 2025 represent multiple sales across five reported price ranges with weighted-average prices disclosed in the filing. Total shares sold amount to 204,326, reducing direct beneficial ownership to 4,363,780 shares. The filing discloses an indirect position of 2,054,978 shares held in a fund for the reporting person’s minor children, for which the reporting person retains sole control. One small lot of 4,326 shares was sold to satisfy tax withholding on RSU vesting under the issuer's equity plan. There is no disclosure in this Form 4 of any new acquisitions, option exercises, or change in board/officer status. From a financial perspective, these are routine dispositions and the remaining ownership remains material.

TL;DR: Reported insider sales include mandated tax-withholding and routine open-market dispositions; control over an indirect holding is retained.

The filing identifies Shay Banon as both an officer (CTO) and a director and records multiple open-market sales plus a sell-to-cover for tax obligations tied to equity vesting. The reporting person maintains sole control over an indirect block held for minor children, which continues to be reported as indirect beneficial ownership. The Form 4 is properly signed by a POA and provides weighted-average sale prices and ranges. No other governance actions or changes in relationship to the issuer are disclosed in this filing.

Shay Banon, Chief Technology Officer e amministratore di Elastic N.V. (ESTC), ha segnalato la vendita di più blocchi delle azioni ordinarie dell’emittente negli giorni 8 e 9 settembre 2025. Il Modulo 4 indica disposizioni aggregate per 204.326 azioni ordinarie vendute a prezzi medi ponderati riportati nelle note a piè di pagina: $88.6689, $89.5659, $90.6262, $91.2654 e $90.3452 per i singoli lotti.

Dopo queste operazioni, la persona che ha presentato la comunicazione detiene beneficiariamente 4.363.780 azioni in proprietà diretta e 2.054.978 azioni in via indiretta (possedute da un fondo intestato ai tre figli minori della stessa, con la persona che mantiene il controllo esclusivo). Una vendita di 4.326 azioni è stata specificatamente indicata come obbligatoria per "sell to cover" a copertura delle ritenute fiscali connesse alla maturazione di RSU; le altre cessioni sono riportate come disposizioni ai prezzi sopra indicati.

Shay Banon, Director de Tecnología y miembro del consejo de Elastic N.V. (ESTC), informó ventas múltiples de acciones ordinarias de la emisora los días 8 y 9 de septiembre de 2025. El Formulario 4 muestra disposiciones agregadas de 204.326 acciones ordinarias vendidas a precios promedio ponderados que se detallan en las notas al pie: $88.6689, $89.5659, $90.6262, $91.2654 y $90.3452 para los distintos lotes.

Tras estas transacciones, la persona informante posee a su favor 4.363.780 acciones de forma directa y 2.054.978 acciones de forma indirecta (mantenidas por un fondo para los tres hijos menores de la persona informante, quien conserva el control exclusivo). Una venta de 4.326 acciones se identificó explícitamente como una operación obligatoria de "sell to cover" para cubrir la retención fiscal vinculada a la consolidación de RSU; las demás ventas se declaran como disposiciones a los precios indicados arriba.

Shay Banon은 Elastic N.V. (ESTC)의 최고기술책임자 겸 이사로서 2025년 9월 8일과 9일에 발행회사의 보통주를 여러 차례 매각했다고 보고했습니다. Form 4에는 개별 매도 묶음별로 주석에 기재된 가중평균 가격 $88.6689, $89.5659, $90.6262, $91.2654, $90.3452에 총 204,326주 보통주가 처분된 것으로 나와 있습니다.

이 거래 이후 보고인은 직접 보유 4,363,780주간접 보유 2,054,978주를 이익귀속 형태로 보유하고 있습니다(간접 보유분은 보고인의 세 자녀를 위한 펀드에 보관되며 보고인은 단독 통제권을 유지). 4,326주의 매각은 RSU(제한주)의 행사로 발생한 세금 원천징수를 충당하기 위한 의무적 "sell to cover"로 명시되었고, 나머지 매각은 위에 적시된 가격으로 처분된 것으로 보고되었습니다.

Shay Banon, Directeur technique et administrateur d’Elastic N.V. (ESTC), a déclaré plusieurs ventes d’actions ordinaires de l’émetteur les 8 et 9 septembre 2025. Le formulaire 4 fait état de cessions globales de 204 326 actions ordinaires vendues aux prix moyens pondérés indiqués en notes de bas de page : $88.6689, $89.5659, $90.6262, $91.2654 et $90.3452 pour les lots séparés.

À la suite de ces opérations, la personne déclarante détient à titre bénéficiaire 4 363 780 actions en propriété directe et 2 054 978 actions en propriété indirecte (détenues par un fonds pour les trois enfants mineurs de la personne déclarante, cette dernière conservant le contrôle exclusif). La vente de 4 326 actions a été expressément identifiée comme un "sell to cover" obligatoire pour satisfaire les retenues fiscales liées à la vesting des RSU ; les autres ventes sont déclarées comme des cessions aux prix indiqués ci‑dessus.

Shay Banon, Chief Technology Officer und Direktor von Elastic N.V. (ESTC), meldete mehrere Verkäufe von Stammaktien des Emittenten am 8. und 9. September 2025. Das Formular 4 weist aggregierte Veräußerungen von 204.326 Stammaktien aus, die zu den in den Fußnoten angegebenen gewichteten Durchschnittspreisen veräußert wurden: $88.6689, $89.5659, $90.6262, $91.2654 und $90.3452 für die einzelnen Partien.

Nach diesen Transaktionen besitzt die meldepflichtige Person wirtschaftlich 4.363.780 Aktien direkt und 2.054.978 Aktien indirekt (gehalten in einem Fonds für die drei minderjährigen Kinder der Person, wobei die meldende Person die alleinige Kontrolle behält). Ein Verkauf von 4.326 Aktien wurde ausdrücklich als verpflichtendes "sell to cover" zur Deckung von Steuerabzügen im Zusammenhang mit der Vesting von RSUs ausgewiesen; die übrigen Verkäufe werden als Veräußerungen zu den oben genannten Preisen angegeben.

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)
09/08/2025
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 09/08/2025 S 33,688 D $88.67(1) 4,534,418 D
Ordinary Shares 09/08/2025 S 35,900 D $89.57(2) 4,498,518 D
Ordinary Shares 09/08/2025 S 23,600 D $90.63(3) 4,474,918 D
Ordinary Shares 09/08/2025 S 6,812 D $91.27(4) 4,468,106 D
Ordinary Shares 09/09/2025 S 100,000 D $90.35(5) 4,368,106 D
Ordinary Shares 09/09/2025 S(6) 4,326 D $90.12 4,363,780 D
Ordinary Shares 2,054,978 I By fund for joint account(7)
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 price reported in Column 4 represents a weighted average sales price of $88.6689. These shares were sold in multiple transactions at prices ranging from $88.0135 to $89.0062, 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 1 through 5 to this Form 4.
2. The price reported in Column 4 represents a weighted average sales price of $89.5659. These shares were sold in multiple transactions at prices ranging from $89.0204 to $90.0041, inclusive.
3. The price reported in Column 4 represents a weighted average sales price of $90.6262. These shares were sold in multiple transactions at prices ranging from $90.0331 to $91.0235, inclusive.
4. The price reported in Column 4 represents a weighted average sales price of $91.2654. These shares were sold in multiple transactions at prices ranging from $91.0861 to $91.51, inclusive.
5. The price reported in Column 4 represents a weighted average sales price of $90.3452. These shares were sold in multiple transactions at prices ranging from $90.00 to $90.555, inclusive.
6. 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.
7. 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 09/10/2025
** 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.
Elastic N.V.

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