Were the ESTC share sales by Shay Banon made under a Rule 10b5-1 trading plan?

The Form 4 for Elastic N.V. indicates the Rule 10b5-1 checkbox as not checked, and the footnotes do not mention a trading plan, so the filing does not state that these sales were made under a Rule 10b5-1 plan.

Elastic CTO sells 84,207 shares in market

Q: What insider transactions did ESTC’s CTO Shay Banon report on this Form 4?

Shay Banon reported selling 84,207 Ordinary Shares of Elastic N.V. on September 14, 2026 in open-market transactions at weighted average prices of $84.4995 and $85.3037. The filing does not report a new trading plan for these transactions.

Q: How many Elastic N.V. (ESTC) shares did Shay Banon sell at each price range?

He sold 69,121 shares at a weighted average price of $84.4995 in trades ranging from $84.00 to $84.99, and 15,086 shares at a weighted average price of $85.3037 in trades ranging from $85.00 to $85.53.

Q: What type of ownership is reported for Shay Banon’s remaining ESTC shares?

The 1,554,978 remaining Ordinary Shares are reported as indirect ownership, held by a fund for the joint account of his three minor children. The filing states he has sole control of this fund and remains the indirect beneficial owner of those shares.

Elastic N.V.’s CTO and director Shay Banon disclosed open-market sales totaling 84,207 shares while retaining indirect control over more than 1.55 million shares.

Available on EDGAR 09/15/2026 - 04:29 PM EDT Accepted by SEC EDGAR 09/15/2026 - 04:28 PM EDT

Filing Impact

(Neutral)

Filing Sentiment

(Very Negative)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Elastic N.V. (ESTC) director and Chief Technology Officer Shay Banon reported selling a total of 84,207 Ordinary Shares on September 14, 2026 in open-market transactions, at weighted average prices of $84.4995 and $85.3037. He remains the indirect beneficial owner of 1,554,978 Ordinary Shares held by a fund for the joint account of his three minor children, over which he has sole control.

Insider Trade Summary

Net Seller: 84,207 shares

Net Sell 2 txns

Insider Banon Shay

Role Chief Technology Officer

Sold 84,207 shs ($7.13M)

Share of Position Sold 2.1%

Type	Security	Shares	Price	Value
Sale	Ordinary Shares ^F1	69,121	$84.50	$5.84M
Sale	Ordinary Shares ^F2	15,086	$85.30	$1.29M
Holding	Ordinary Shares ^F3	--	--	--

Holdings After Transaction: Ordinary Shares — 3,910,563 shares (Direct); Ordinary Shares — 1,554,978 shares (Indirect, By fund for joint account)

Holdings Before and After: Ordinary Shares, 3,994,770 to 3,910,563 shares (Direct)

Other Insiders: 5 other insiders reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (3)

F1. The price reported in Column 4 represents a weighted average sales price of $84.4995. These shares were sold in multiple transactions at prices ranging from $84.00 to $84.99, 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 and 2 to this Form 4.
F2. The price reported in Column 4 represents a weighted average sales price of $85.3037. These shares were sold in multiple transactions at prices ranging from $85.00 to $85.53, inclusive.
F3. 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.

Key Figures

Shares sold at $84.4995 weighted average: 69,121 shares Weighted average sale price (first block): $84.4995 per share Shares sold at $85.3037 weighted average: 15,086 shares +3 more

6 metrics

Shares sold at $84.4995 weighted average 69,121 shares Open-market sale of Ordinary Shares on September 14, 2026

Weighted average sale price (first block) $84.4995 per share Multiple trades between $84.00 and $84.99 on September 14, 2026

Shares sold at $85.3037 weighted average 15,086 shares Open-market sale of Ordinary Shares on September 14, 2026

Weighted average sale price (second block) $85.3037 per share Multiple trades between $85.00 and $85.53 on September 14, 2026

Total shares sold 84,207 shares Combined Ordinary Share sales reported on September 14, 2026

Indirectly owned Ordinary Shares 1,554,978 shares Indirect holdings via fund for joint account after transactions

Key Terms

weighted average sales price, indirect beneficial owner, fund for joint account

3 terms

weighted average sales price financial

"The price reported ... represents a weighted average sales price of $84.4995"

indirect beneficial owner financial

"remains the indirect beneficial owner of the shares owned by such fund"

fund for joint account financial

"Held by a fund for joint account (the "fund") owned by the Reporting Person's three minor children"

FAQ

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

What insider transactions did ESTC’s CTO Shay Banon report on this Form 4?

Shay Banon reported selling 84,207 Ordinary Shares of Elastic N.V. on September 14, 2026 in open-market transactions at weighted average prices of $84.4995 and $85.3037. The filing does not report a new trading plan for these transactions.

How many Elastic N.V. (ESTC) shares did Shay Banon sell at each price range?

He sold 69,121 shares at a weighted average price of $84.4995 in trades ranging from $84.00 to $84.99, and 15,086 shares at a weighted average price of $85.3037 in trades ranging from $85.00 to $85.53.

How many Elastic N.V. (ESTC) shares does Shay Banon still indirectly own after these sales?

After the reported sales, Shay Banon remains the indirect beneficial owner of 1,554,978 Ordinary Shares of Elastic N.V., held by a fund for joint account owned by his three minor children, over which he continues to have sole control.

What type of ownership is reported for Shay Banon’s remaining ESTC shares?

The 1,554,978 remaining Ordinary Shares are reported as indirect ownership, held by a fund for the joint account of his three minor children. The filing states he has sole control of this fund and remains the indirect beneficial owner of those shares.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

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.

33 NEW MONTGOMERY ST., FLOOR 9

(Street)

SAN FRANCISCO

CALIFORNIA

94105

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	09/14/2026		S		69,121	D	$84.5⁽¹⁾	3,925,649	D
Ordinary Shares	09/14/2026		S		15,086	D	$85.3⁽²⁾	3,910,563	D
Ordinary Shares								1,554,978	I	By fund for joint account⁽³⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in Column 4 represents a weighted average sales price of $84.4995. These shares were sold in multiple transactions at prices ranging from $84.00 to $84.99, 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 and 2 to this Form 4.

2. The price reported in Column 4 represents a weighted average sales price of $85.3037. These shares were sold in multiple transactions at prices ranging from $85.00 to $85.53, inclusive.

3. 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	09/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR