Elastic: Pictet reports approximately 5.18% stake

Pictet describes its Elastic exposure as direct stock held through managed institutional clients, with no related derivative positions, options or other financial instruments.

Rhea-AI Filing Summary

Elastic N.V. is the issuer in a reported position where Pictet Asset Management, an investment adviser, beneficially owns 5,445,175 common shares, approximately 5.18% of the class. Pictet reports sole voting power over 5,429,533 shares and sole dispositive power over 5,445,175 shares. Its reported trades include purchases and sales dated August 5, 2026 through October 5, 2026. Pictet says the shares are managed institutional clients’ assets; clients have rights to dividends and sale proceeds in proportion to their managed assets.

Pictet says it is actively engaging with Elastic on initiatives aligned with its investment practices and may seek to influence policies through discussions with boards and management. It reports no current plans or proposals for a change in control and no intent to acquire more shares for that purpose, but reserves the right to change its intentions. Pictet has no direct economic interest in dividends or sale proceeds except agreed management fees and/or performance-based compensation.

Key Figures

Beneficial ownership: 5,445,175 shares Ownership percentage: Approximately 5.18% Sole voting power: 5,429,533 shares +1 more

4 metrics

Beneficial ownership 5,445,175 shares Elastic N.V. common stock; approximately 5.18% of the class

Ownership percentage Approximately 5.18% Elastic N.V. common stock

Sole voting power 5,429,533 shares Pictet Asset Management’s reported voting power

Sole dispositive power 5,445,175 shares Pictet Asset Management’s reported dispositive power

Key Terms

beneficially owns, Sole Voting Power, Sole Dispositive Power, discretionary basis, +1 more

5 terms

beneficially owns regulatory

"beneficially owns 5,445,175 shares of common stock"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

Sole Voting Power regulatory

"Sole Voting Power 5,429,533.00"

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 regulatory

"Sole Dispositive Power 5,445,175.00"

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

"managed on a discretionary basis"

performance-based compensation financial

"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).

FAQ

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

How many ESTC shares does Pictet Asset Management beneficially own?

Pictet reports beneficial ownership of 5,445,175 shares, approximately 5.18% of the class. It reports sole voting power over 5,429,533 shares and sole dispositive power over 5,445,175 shares.

Why is Pictet Asset Management engaging with Elastic (ESTC)?

Pictet says its investment strategy considers Elastic’s long-term strategy, governance and leadership, financial strength and performance, valuation, and financially material sustainability risks and opportunities. It says it is actively engaging with Elastic and may seek to influence policies and practices through discussions with boards and management.

Who receives dividends and sale proceeds from Pictet’s ESTC holdings?

Pictet says its institutional clients have the right to receive dividends and sale proceeds in proportion to their respective managed assets. Pictet itself says it has no direct economic interest in those amounts, apart from agreed management fees and/or performance-based compensation.

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

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Available on EDGAR 10/06/2026 - 09:57 AM Accepted by SEC EDGAR 10/06/2026 - 09:57 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

Elastic N.V.

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

N14506104

(CUSIP Number)

Mathieu Cornu
60 ROUTE DE ACACIAS,
GENEVA 73, V8, 1211
0041583234506

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

10/05/2026

(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

CUSIP Number(s): N14506104

1

Name of reporting person

PICTET ASSET MANAGEMENT SA

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

SWITZERLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,429,533.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,445,175.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,445,175.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.2 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: COMMON STOCK
(b)	Name of Issuer: Elastic N.V.
(c)	Address of Issuer's Principal Executive Offices: 33 NEW MONTGOMERY ST., 9TH FLOOR, SAN FRANCISCO, CALIFORNIA , 94105.
Item 2.	Identity and Background
(a)	Pictet Asset Management SA
(b)	60 ROUTE DES ACACIAS GENEVA 73 1211 SWITZERLAND
(c)	Investment Adviser
(d)	The Reporting Person has not been, during the last five years, convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	The Reporting Person has not been, during the last five years, a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding of any violation with respect to such laws.
(f)	SWITZERLAND
Item 3.	Source and Amount of Funds or Other Consideration
	The Reporting Person acquired the shares of common stock of Elastic NV on behalf of its institutional clients who are managed on a discretionary basis. The purchase cost is approximately 412,511,243. The source of the funds comes from our institutional clients' assets.
Item 4.	Purpose of Transaction
	The Reporting Person acquired shares of Elastic NV as part of its investment strategy, which includes considering the clarity and robustness of the issuer's long-term strategy; the functioning and calibre of governance structures and effective leadership; the financial strength and performance of issuers and the fair valuation of underlying securities; and financially-material sustainability risks & opportunities. The Reporting Person is therefore actively engaging with the Issuer to discuss and promote initiatives that align with these business practices. This engagement is part of the Reporting Person's broader strategy to support companies in enhancing their approach, thereby potentially improving long-term shareholder value. As such, the Reporting Person may seek to influence the Issuer's policies and practices through discussions with the Boards and management of the companies in which we invest. The Reporting Person does not currently have any plans or proposals that would result in a change in control of the Issuer, nor does it intend to acquire additional shares for the purpose of gaining control. However, the Reporting Person reserves the right to change its intentions and take any actions that it deems appropriate in light of its ongoing engagement and evaluation of the Issuer's policies and practices.
Item 5.	Interest in Securities of the Issuer
(a)	The Reporting Person beneficially owns 5,445,175 shares of common stock of Elastic NV, representing approximately 5.18% of the class of Securities outstanding.
(b)	The Reporting Person has sole power to vote 5,429,533 shares of common stock of Elastic NV.
(c)	Trade Date Type Quantity Price Exchange 10/05/2026 BUY 6790 94.23 The New York Stock Exchange 10/05/2026 BUY 9800 92.25 The New York Stock Exchange 10/05/2026 BUY 816 94.23 The New York Stock Exchange 10/05/2026 BUY 1184 92.25 The New York Stock Exchange 10/05/2026 BUY 88984 94.23 The New York Stock Exchange 10/05/2026 BUY 129016 92.25 The New York Stock Exchange 10/02/2026 SELL 599 93.94 The New York Stock Exchange 10/02/2026 SELL 3921 93.94 The New York Stock Exchange 10/02/2026 SELL 582 92.58 The New York Stock Exchange 09/30/2026 BUY 207 91.70 The New York Stock Exchange 09/30/2026 SELL 34 91.70 The New York Stock Exchange 09/29/2026 BUY 55 88.80 The New York Stock Exchange 09/28/2026 BUY 657 86.54 The New York Stock Exchange 09/22/2026 SELL 38 89.22 The New York Stock Exchange 09/21/2026 SELL 210 89.38 The New York Stock Exchange 09/18/2026 SELL 194 86.96 The New York Stock Exchange 09/18/2026 SELL 629 86.96 The New York Stock Exchange 09/18/2026 SELL 7258 87.86 The New York Stock Exchange 09/18/2026 SELL 229 86.96 The New York Stock Exchange 09/18/2026 SELL 431 86.96 The New York Stock Exchange 09/15/2026 BUY 15 85.16 The New York Stock Exchange 09/14/2026 SELL 616 85.11 The New York Stock Exchange 09/11/2026 BUY 146 83.39 The New York Stock Exchange 09/09/2026 SELL 1922 88.39 The New York Stock Exchange 09/08/2026 SELL 7995 89.37 The New York Stock Exchange 09/08/2026 BUY 19799 88.42 The New York Stock Exchange 09/08/2026 SELL 32570 88.86 The New York Stock Exchange 09/04/2026 SELL 4833 95.14 The New York Stock Exchange 09/01/2026 BUY 7258 92.39 The New York Stock Exchange 09/01/2026 BUY 1313 95.51 The New York Stock Exchange 09/01/2026 SELL 1758 95.51 The New York Stock Exchange 09/01/2026 SELL 22444 93.65 The New York Stock Exchange 08/31/2026 BUY 473 97.55 The New York Stock Exchange 08/31/2026 BUY 222 97.55 The New York Stock Exchange 08/31/2026 BUY 38 97.55 The New York Stock Exchange 08/31/2026 BUY 13774 98.50 The New York Stock Exchange 08/28/2026 BUY 47010 105.10 The New York Stock Exchange 08/28/2026 BUY 20343 105.10 The New York Stock Exchange 08/28/2026 SELL 279279 99.21 The New York Stock Exchange 08/28/2026 BUY 201 99.91 The New York Stock Exchange 08/28/2026 SELL 2369 99.21 The New York Stock Exchange 08/28/2026 BUY 568 99.91 The New York Stock Exchange 08/26/2026 BUY 8915 79.98 The New York Stock Exchange 08/26/2026 BUY 4530 80.45 The New York Stock Exchange 08/26/2026 BUY 29512 79.69 The New York Stock Exchange 08/26/2026 BUY 10470 80.45 The New York Stock Exchange 08/26/2026 BUY 20604 79.98 The New York Stock Exchange 08/26/2026 BUY 12772 79.69 The New York Stock Exchange 08/25/2026 SELL 16976 82.48 The New York Stock Exchange 08/21/2026 SELL 105 85.91 The New York Stock Exchange 08/20/2026 BUY 916 85.90 The New York Stock Exchange 08/19/2026 SELL 150728 85.96 The New York Stock Exchange 08/19/2026 SELL 1430 85.96 The New York Stock Exchange 08/19/2026 BUY 15063 86.04 The New York Stock Exchange 08/18/2026 BUY 76 85.01 The New York Stock Exchange 08/17/2026 BUY 1044 86.68 The New York Stock Exchange 08/17/2026 SELL 16465 83.44 The New York Stock Exchange 08/14/2026 BUY 8424 86.12 The New York Stock Exchange 08/14/2026 BUY 42422 86.12 The New York Stock Exchange 08/07/2026 SELL 173 75.11 The New York Stock Exchange 08/06/2026 SELL 9704 67.37 The New York Stock Exchange 08/05/2026 BUY 728 69.72 The New York Stock Exchange
(d)	The securities reported herein come from the assets of our institutional clients who are managed by the Reporting Person on a discretionary basis. Consequently, our clients have the right to receive dividends and any proceeds from the sale of the Issuer's securities, in proportion to their respective managed assets. The Reporting Person itself does not have any direct economic interest in the dividends or sale proceeds from the securities of Elastic NV, other than its entitlement to management fees and / or performance-based compensation, as agreed upon with its clients. The Reporting Person's role is limited to managing the investments in accordance with the investment objectives and strategies set forth by each of its institutional clients.
(e)	Not Applicable
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	The Reporting Person's exposure to Elastic NV is solely through direct stock investments held by its managed institutional clients. There are no contracts, arrangements, understandings, or relationships with any third parties regarding the securities of Elastic NV, other than those arising from the ordinary course of discretionary management of our client assets. The Reporting Person does not have any derivative positions, options, or other financial instruments related to the securities of the Issuer. Furthermore, there are no agreements or understandings that would influence the voting or disposition of these securities beyond the Reporting Person's discretionary investment authority as an asset manager.
Item 7.	Material to be Filed as Exhibits.
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

PICTET ASSET MANAGEMENT SA

Signature:	Karine Valtanen
Name/Title:	Global Head of Compliance
Date:	10/06/2026