Elastic (NYSE: ESTC) CAO granted RSUs, sells shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Elastic N.V. reported that its GVP & CAO, Jane E. Bone, received a grant of 12,069 ordinary shares in the form of restricted stock units that vest in sixteen equal quarterly installments beginning on September 8, 2026. The filing also shows an open-market sale of 1,104 ordinary shares at $60.61 per share executed solely to satisfy tax withholding obligations under Elastic’s equity incentive plan, described as a mandatory “sell to cover” rather than a discretionary trade. After these transactions, Bone directly holds 53,415 ordinary shares, which includes 166 shares purchased through the company’s Employee Stock Purchase Plan on March 15, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,104 shares ($66,913)
Net Sell
2 txns
Insider
Bone Jane E
Role
GVP & CAO
Sold
1,104 shs ($67K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,104 | $60.61 | $67K |
| Grant/Award | Ordinary Shares | 12,069 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 53,415 shares (Direct, null)
Footnotes (1)
- The ordinary shares are represented by restricted stock units ("RSUs"), which vest in sixteen equal quarterly installments beginning on September 8, 2026. Includes 166 ordinary shares purchased under the Issuer's Employee Stock Purchase Plan on March 15, 2026. The ordinary shares were sold to satisfy the Reporting Person's tax obligations in connection with the vesting of 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
RSUs granted: 12,069 ordinary shares
Shares sold for taxes: 1,104 ordinary shares
Sale price: $60.61 per share
+3 more
6 metrics
RSUs granted
12,069 ordinary shares
Restricted stock units vesting over 16 quarterly installments from September 8, 2026
Shares sold for taxes
1,104 ordinary shares
Open-market sale to satisfy tax obligations on RSU vesting
Sale price
$60.61 per share
Price for 1,104 ordinary shares sold in tax “sell to cover”
Post-transaction holdings
53,415 ordinary shares
Direct ownership after RSU grant and tax-related sale
ESPP shares included
166 ordinary shares
Shares purchased under Employee Stock Purchase Plan on March 15, 2026
Vesting schedule
16 equal quarterly installments
RSUs vesting beginning September 8, 2026
Key Terms
restricted stock units ("RSUs"), Employee Stock Purchase Plan, equity incentive plan, sell to cover
4 terms
restricted stock units ("RSUs") financial
"The ordinary shares are represented by restricted stock units ("RSUs"), which vest in sixteen equal quarterly installments"
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.
Employee Stock Purchase Plan financial
"Includes 166 ordinary shares purchased under the Issuer's Employee Stock Purchase Plan on March 15, 2026."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
equity incentive plan financial
"The sales were mandated by the Issuer's equity incentive plan which requires the satisfaction of tax withholding obligations"
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
"funded by a "sell to cover" transaction and does not represent a discretionary trade"
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 transactions did Elastic (ESTC) report for Jane E. Bone?
Elastic reported that GVP & CAO Jane E. Bone received 12,069 restricted stock units and sold 1,104 ordinary shares. The sale was solely to cover tax obligations tied to vesting, under the company’s equity incentive plan.
What are the terms of the RSU grant to Elastic (ESTC) executive Jane E. Bone?
Jane E. Bone’s 12,069 restricted stock units represent ordinary shares that vest in sixteen equal quarterly installments. Vesting begins on September 8, 2026, providing a multi‑year equity compensation schedule tied to her ongoing service.
What role does the Employee Stock Purchase Plan play in Jane E. Bone’s Elastic (ESTC) holdings?
Jane E. Bone’s post‑transaction total of 53,415 Elastic shares includes 166 ordinary shares bought under the Employee Stock Purchase Plan on March 15, 2026. This indicates participation in the company’s employee share purchase program.