Shay Banon - Mar 12, 2024 Form 4 Insider Report for Elastic N.V. (ESTC)

Role
Chief Technology Officer, Director
Signature
/s/ Marielle Reints, by power of attorney
Stock symbol
ESTC
Transactions as of
Mar 12, 2024
Transactions value $
-$140,436
Form type
4
Date filed
3/13/2024, 06:10 PM
Previous filing
Dec 12, 2023
Next filing
Mar 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESTC Ordinary Shares Sale -$140K -1.32K -0.03% $106.23 4.52M Mar 12, 2024 Direct F1
holding ESTC Ordinary Shares 3.35M Mar 12, 2024 By fund for joint account F2
* 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 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.