Ken Exner - Dec 8, 2022 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 8, 2022
Transactions value $
-$75,310
Form type
4
Date filed
12/12/2022, 06:24 PM
Previous filing
Sep 12, 2022
Next filing
Mar 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESTC Ordinary Shares Award $0 +36.9K +41.19% $0.00 127K Dec 8, 2022 Direct F1
transaction ESTC Ordinary Shares Sale -$75.3K -1.41K -1.11% $53.60 125K Dec 9, 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.