Shay Banon - 08 Dec 2023 Form 4 Insider Report for Elastic N.V. (ESTC)

Signature
/s/ Marielle Reints, by power of attorney
Issuer symbol
ESTC
Transactions as of
08 Dec 2023
Net transactions value
-$10,448,670
Form type
4
Filing time
12 Dec 2023, 19:41:36 UTC
Previous filing
27 Jul 2023
Next filing
13 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESTC Ordinary Shares Award $0 +21,155 +0.46% $0.000000 4,610,031 08 Dec 2023 Direct F1
transaction ESTC Ordinary Shares Sale $229,365 -1,995 -0.04% $114.97 4,608,036 11 Dec 2023 Direct F2
transaction ESTC Ordinary Shares Sale $4,510,262 -39,173 -0.85% $115.14 4,568,863 11 Dec 2023 Direct F3
transaction ESTC Ordinary Shares Sale $1,395,758 -12,006 -0.26% $116.26 4,556,857 11 Dec 2023 Direct F4
transaction ESTC Ordinary Shares Sale $4,313,286 -36,821 -0.81% $117.14 4,520,036 11 Dec 2023 Direct F5
holding ESTC Ordinary Shares 3,354,978 08 Dec 2023 By fund for joint account F6
* 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
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.82 to $115.81, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (3) through (5) to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.82 to $116.80, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.84 to $117.33, inclusive.
F6 Held by a fund for joint account (the "fund") owned by the Reporting Person's three minor children. The Reporting Person continues to have sole control of such fund and remains the indirect beneficial owner of the shares owned by such fund.