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  4. [SCHEDULE 13D/A] Elastic N.V. Amended Major Shareholder Report

Pictet controls over 5M Elastic (NYSE: ESTC) shares

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Elastic N.V. (ESTC) is the subject of this amended Schedule 13D filing by Pictet Asset Management, an investment adviser based in Switzerland. Pictet reports beneficial ownership of 5,393,567 shares of common stock, representing 5.2% of Elastic’s outstanding shares, with sole voting power over 5,377,364 shares and sole dispositive power over all shares reported.

Pictet states that the shares, acquired on behalf of institutional clients managed on a discretionary basis, cost approximately USD 400,837,088.72, funded entirely from client assets without borrowing. The position is held as part of Pictet’s investment strategy, which includes active engagement with Elastic’s board and management on governance, strategy, financial performance and sustainability topics, while indicating it does not currently seek control of Elastic but reserves the right to reassess its intentions.

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Filing Explained

The amendment adds a trading update while the above-5% position remains client-held: clients retain dividends and sale proceeds, not Pictet itself.

Amendment No. 2, signed on August 20, 2026, updates Pictet Asset Management's reported position after trading through August 19, 2026: it still reports 5,393,567 shares, or 5.18% of Elastic, with sole voting power over 5,377,364 shares.

On August 19, 2026, the transaction table records sales of 150,728 and 1,430 shares and two purchases of 15,063 shares at 86.04; across the reported period, it lists repeated open-market NYSE buys and sells.

The reported shares are direct stock investments managed for institutional clients; those clients are entitled to dividends and sale proceeds proportionally, while Pictet reports only fees or performance-based compensation as its direct economic interest.

Shares beneficially owned 5,393,567 shares Common stock of Elastic N.V. managed by Pictet Asset Management
Percent of class 5.2% Percentage of Elastic N.V. common stock represented by 5,393,567 shares
Sole voting power 5,377,364 shares Shares of Elastic N.V. over which Pictet has sole voting power
Sole dispositive power 5,393,567 shares Shares of Elastic N.V. over which Pictet has sole dispositive power
Purchase cost USD 400,837,088.72 Approximate total cost of Elastic N.V. shares acquired for institutional clients
Date of event 08/19/2026 Date of the event requiring the amended Schedule 13D filing
Citizenship / organization Switzerland Place of organization of Pictet Asset Management as reporting person
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 5,393,567.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting power financial
"Sole Voting Power 5,377,364.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power financial
"Sole Dispositive Power 5,393,567.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
discretionary basis financial
"on behalf of its institutional clients who are managed on a discretionary basis"
performance-based compensation financial
"entitlement to management fees and / or performance-based compensation"
Pay that rises or falls with measurable results, where employees or executives receive bonuses, stock, or other rewards only if specific performance goals are met. Investors care because it aligns the interests of managers with owners—like paying a driver by miles driven rather than time—so it can encourage stronger company results, affect future earnings and risk-taking, and signal confidence (or potential incentives for short-term decisions).
Schedule 13D regulatory
"previously filed a statement on Schedule 13G to report the acquisition"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

FAQ

How much of Elastic N.V. (ESTC) does Pictet Asset Management currently beneficially own?
Pictet Asset Management reports beneficial ownership of 5,393,567 shares of Elastic N.V. common stock, representing 5.2% of the company. These shares are held for institutional clients that Pictet manages on a discretionary basis.

What voting and dispositive powers does Pictet Asset Management report over ESTC shares?
Pictet Asset Management reports sole voting power over 5,377,364 shares and sole dispositive power over 5,393,567 shares of Elastic N.V. stock. It reports no shared voting or shared dispositive power over these securities.

What was the approximate purchase cost of Pictet’s Elastic (ESTC) position?
Pictet Asset Management states that the purchase cost of its Elastic N.V. holdings is approximately USD 400,837,088.72. The funds came from its institutional clients’ assets and did not involve any financing or borrowing.

What is Pictet Asset Management’s stated purpose for its investment in Elastic (ESTC)?
Pictet describes the Elastic N.V. stake as part of its broader investment strategy, emphasizing long-term strategy, governance, financial strength, valuation and sustainability factors. It engages with Elastic’s leadership to promote practices it views as supportive of long-term shareholder value.

Does Pictet Asset Management seek control of Elastic N.V. (ESTC)?
Pictet Asset Management states it does not currently plan any actions that would result in a change in control of Elastic N.V. or acquiring shares for that purpose, though it reserves the right to change its intentions in the future.

Does Pictet Asset Management hold any derivatives or options on Elastic (ESTC)?
Pictet Asset Management discloses that it does not hold derivatives, options, or other financial instruments related to Elastic N.V. securities. Its exposure is solely through direct stock investments held for its managed institutional clients.

Who ultimately benefits economically from Pictet’s Elastic (ESTC) holdings?
The economic benefits from the Elastic N.V. shares accrue to Pictet’s institutional clients, who receive dividends and sale proceeds. Pictet’s own economic interest is limited to management and performance-based fees agreed with those clients.

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

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N14506104
(CUSIP Number)
Mathieu CORNU
Route des Acacias 60,
Geneva, V8, 1211
0041583234506
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/19/2026
(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


schemaVersion:


SCHEDULE 13D






SCHEDULE 13D


PICTET ASSET MANAGEMENT SA
Signature:Karine Valtanen
Name/Title:Global Head of Compliance
Date:08/20/2026

Source: View Original Filing on SEC EDGAR