Ken Exner - 08 Dec 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
08 Dec 2023
Net transactions value
-$362,615
Form type
4
Filing time
12 Dec 2023, 19:39:40 UTC
Previous filing
13 Sep 2023
Next filing
13 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESTC Ordinary Shares Award $0 +29,574 +25% $0.000000 147,303 08 Dec 2023 Direct F1
transaction ESTC Ordinary Shares Sale $362,615 -3,154 -2.1% $114.97 144,149 11 Dec 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The ordinary shares are represented by restricted stock units ("RSUs"), which vest in sixteen equal quarterly installments beginning on March 8, 2024.
F2 The ordinary shares were sold to satisfy the Reporting Person's tax obligations in connection with the vesting of RSUs. 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.