Ken Exner - 09 Mar 2023 Form 4 Insider Report for Elastic N.V. (ESTC)

Role
Chief Product Officer
Signature
/s/ Marielle Reints, by power of attorney
Issuer symbol
ESTC
Transactions as of
09 Mar 2023
Net transactions value
-$120,295
Form type
4
Filing time
13 Mar 2023, 17:00:23 UTC
Previous filing
12 Dec 2022
Next filing
13 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESTC Ordinary Shares Sale $120,295 -2,064 -1.6% $58.28 123,117 09 Mar 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The ordinary shares were sold to satisfy the Reporting Person's tax obligations in connection with the vesting of restricted stock units. This sale was 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.