Ken Exner - Dec 9, 2024 Form 4 Insider Report for Elastic N.V. (ESTC)

Role: Chief Product Officer
Signature: /s/ Marielle Reints, by power of attorney
Stock symbol: ESTC
Transactions as of: Dec 9, 2024
Transactions value $: -$553,385
Form type: 4
Date filed: 12/11/2024, 04:40 PM
Previous filing: Sep 10, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESTC	Ordinary Shares	Sale	-$553K	-5.09K	-2.96%	$108.72	167K	Dec 9, 2024	Direct	F1, 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 ("RSUs") and performance-based RSUs. The sales were 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	The price reported in Column 4 represents a weighted average sales price of $108.7151. These shares were sold in multiple transactions at prices ranging from $108.71 to $108.72, inclusive. The reporting person undertakes to provide to Elastic N.V., any security holder of Elastic N.V., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

Content

The ordinary shares were sold to satisfy the Reporting Person's tax obligations in connection with the vesting of restricted stock units ("RSUs") and performance-based RSUs. The sales were 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.

The price reported in Column 4 represents a weighted average sales price of $108.7151. These shares were sold in multiple transactions at prices ranging from $108.71 to $108.72, inclusive. The reporting person undertakes to provide to Elastic N.V., any security holder of Elastic N.V., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.