Elastic (ESTC): Shay Banon reports 6.1% stake, 6,452,693 shares

Elastic N.V.: Shay Banon filed an amended Schedule 13G (Amendment No. 7) updating his beneficial ownership.

Accepted by SEC EDGAR 11/12/2025 - 04:21 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Elastic N.V.: Shay Banon filed an amended Schedule 13G (Amendment No. 7) updating his beneficial ownership. He reports beneficial ownership of 6,452,693 Ordinary Shares with sole voting and dispositive power over the same amount, representing 6.1% of the class.

The percentage is calculated based on 106,270,940 shares outstanding as of August 21, 2025 plus 113,689 options exercisable within 60 days of September 30, 2025 that are included in his beneficial ownership. The reported event date is October 30, 2025.

Insights

Securities law analyst

Ownership update: 6.1% stake with sole voting power.

Shay Banon reports beneficial ownership of 6,452,693 Elastic Ordinary Shares, equating to 6.1% of the class. He holds sole voting and dispositive power over all reported shares, indicating no shared control arrangements in this disclosure.

The figure includes 113,689 options that are exercisable within 60 days of September 30, 2025, which are counted under beneficial ownership rules. The percentage uses 106,270,940 shares outstanding as of August 21, 2025. This filing updates ownership; it does not announce a transaction or capital raise.

The October 30, 2025 event date anchors when the reporting threshold or change necessitated the amendment. Actual market impact depends on future filings and any subsequent ownership changes disclosed.

FAQ

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

What did Shay Banon disclose about Elastic (ESTC)?

He filed a Schedule 13G/A (Amendment No. 7) reporting beneficial ownership of 6,452,693 Ordinary Shares of Elastic N.V.

How much of Elastic’s class does Shay Banon own?

He reported 6.1% of the class based on the company’s outstanding shares and his exercisable options.

Does Shay Banon have sole or shared voting power over the reported shares?

He has sole voting power and sole dispositive power over 6,452,693 shares, with 0 shared power.

What options are included in Shay Banon’s beneficial ownership?

The total includes 113,689 options that are exercisable within 60 days of September 30, 2025.

What share count was used to calculate the 6.1% ownership?

The calculation uses 106,270,940 shares outstanding as of August 21, 2025, plus the 113,689 exercisable options.

What is the relevant event date for this ownership report?

The reported Date of Event is October 30, 2025.

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

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)

Elastic N.V.

(Name of Issuer)

Ordinary Shares, EURO 0.01 par value per share

(Title of Class of Securities)

N14506104

(CUSIP Number)

10/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. N14506104

1

Names of Reporting Persons

Shay Banon

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ISRAEL

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 6,452,693.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,452,693.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,452,693.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.1 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Items 5, 7 and 9: Includes 113,689 Ordinary Shares, EURO 0.01 par value per share, of the Issuer ("Ordinary Shares") subject to options held by Mr. Banon that are exercisable within 60 days of September 30, 2025. Item 11: Percent of class is calculated based on (i) 106,270,940 Ordinary Shares outstanding as of August 21, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended July 31, 2025, filed with the Securities and Exchange Commission on August 29, 2025 and (ii) 113,689 Ordinary Shares subject to options held by Mr. Banon that are exercisable within 60 days of September 30, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Elastic N.V.
(b)	Address of issuer's principal executive offices: c/o Elastic N.V., 88 Kearny St, Floor 19, San Francisco, California, 94108
Item 2.
(a)	Name of person filing: Shay Banon
(b)	Address or principal business office or, if none, residence: c/o Elastic N.V. 88 Kearny St, Floor 19 San Francisco, California 94108
(c)	Citizenship: State of Israel
(d)	Title of class of securities: Ordinary Shares, EURO 0.01 par value per share
(e)	CUSIP No.: N14506104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 6,452,693
(b)	Percent of class: 6.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 6,452,693
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 6,452,693
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	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.

Shay Banon

Signature:	/s/ Shay Banon
Name/Title:	Shay Banon
Date:	11/12/2025