Shay Banon - 08 Dec 2022 Form 4 Insider Report for Elastic N.V. (ESTC)

Role
Chief Technology Officer, Director
Signature
/s/ Marielle Reints, by power of attorney
Issuer symbol
ESTC
Transactions as of
08 Dec 2022
Net transactions value
-$108,597
Form type
4
Filing time
12 Dec 2022, 18:22:20 UTC
Previous filing
13 Jun 2022
Next filing
13 Jun 2023
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 +55,391 +0.68% $0.000000 8,247,874 08 Dec 2022 Direct F1
transaction ESTC Ordinary Shares Sale $108,597 -2,026 -0.02% $53.60 8,245,848 09 Dec 2022 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, or RSUs, which vest in sixteen equal quarterly installments beginning on March 8, 2023.
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.