Janesh Moorjani - Sep 11, 2023 Form 4 Insider Report for Elastic N.V. (ESTC)

Role: CFO & COO
Signature: /s/ Marielle Reints, by power of attorney
Stock symbol: ESTC
Transactions as of: Sep 11, 2023
Transactions value $: -$421,293
Form type: 4
Date filed: 9/13/2023, 04:55 PM
Previous filing: Jul 3, 2023
Next filing: Dec 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESTC	Ordinary Shares	Sale	-$426K	-5.47K	-4.07%	$77.83	129K	Sep 11, 2023	Direct	F1
transaction	ESTC	Ordinary Shares	Options Exercise	$4.69K	+359	+0.28%	$13.07^*	130K	Sep 11, 2023	Direct
holding	ESTC	Ordinary Shares						44.5K	Sep 11, 2023	By trust	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ESTC	Employee Stock Option (right to buy)	Options Exercise	$0	-359	-2.8%	$0.00	12.5K	Sep 11, 2023	Ordinary Shares	359	$13.07	Direct	F3

* 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.
F2	Held by a family trust of which the Reporting Person and his spouse serve as trustees.
F3	The ordinary shares subject to the option vest in 48 equal monthly installments beginning on November 1, 2019.