Form 4: Elastic CTO Sells Shares
Insider Transaction (Form 4)
Shay Banon, Chief Technology Officer and a Director of Elastic N.V., sold 284,285 shares of common stock on September 3, 2026.
Summary
- Open-market sale: disposed of 18,631 Ordinary Shares at $94.01 ($1,751,500) on September 3, 2026; holds 1,560,049 after (Indirect).
- Open-market sale: disposed of 1,300 Ordinary Shares at $94.66 ($123,058) on September 3, 2026; holds 1,558,749 after (Indirect).
- Open-market sale: disposed of 3,771 Ordinary Shares at $94.40 ($355,982) on September 3, 2026; holds 1,554,978 after (Indirect).
- Open-market sale: disposed of 66,382 Ordinary Shares at $93.45 ($6,203,398) on September 3, 2026; holds 4,350,758 after (Direct).
- Open-market sale: disposed of 108,052 Ordinary Shares at $94.40 ($10,200,109) on September 3, 2026; holds 4,242,706 after (Direct).
- Open-market sale: disposed of 5,566 Ordinary Shares at $95.06 ($529,104) on September 3, 2026; holds 4,237,140 after (Direct).
- Open-market sale: disposed of 700 Ordinary Shares at $95.05 ($66,535) on September 4, 2026; holds 4,236,440 after (Direct).
- Open-market sale: disposed of 66,266 Ordinary Shares at $92.39 ($6,122,316) on September 4, 2026; holds 4,170,174 after (Direct).
- Open-market sale: disposed of 10,400 Ordinary Shares at $93.68 ($974,272) on September 4, 2026; holds 4,159,774 after (Direct).
- Open-market sale: disposed of 3,217 Ordinary Shares at $94.10 ($302,720) on September 4, 2026; holds 4,156,557 after (Direct).
Sentiment
Score: 2
Explanation: StockSavvy.ai views this as a mildly negative signal: an insider sold $26,628,994 of stock on the open market.
Insider Transactions
Shay Banon — Director, Officer (Chief Technology Officer)
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-09-03 | Open-market sale | Ordinary Shares | 18,631 | $94 | $1.8M | 1,560,049 |
| 2026-09-03 | Open-market sale | Ordinary Shares | 1,300 | $95 | $123.1K | 1,558,749 |
| 2026-09-03 | Open-market sale | Ordinary Shares | 3,771 | $94 | $356.0K | 1,554,978 |
| 2026-09-03 | Open-market sale | Ordinary Shares | 66,382 | $93 | $6.2M | 4,350,758 |
| 2026-09-03 | Open-market sale | Ordinary Shares | 108,052 | $94 | $10.2M | 4,242,706 |
| 2026-09-03 | Open-market sale | Ordinary Shares | 5,566 | $95 | $529.1K | 4,237,140 |
| 2026-09-04 | Open-market sale | Ordinary Shares | 700 | $95 | $66.5K | 4,236,440 |
| 2026-09-04 | Open-market sale | Ordinary Shares | 66,266 | $92 | $6.1M | 4,170,174 |
| 2026-09-04 | Open-market sale | Ordinary Shares | 10,400 | $94 | $974.3K | 4,159,774 |
| 2026-09-04 | Open-market sale | Ordinary Shares | 3,217 | $94 | $302.7K | 4,156,557 |
Key Dates
| Date | Description |
|---|---|
| 2026-09-03 | Open-market sale (18,631 shares) |
| 2026-09-03 | Open-market sale (1,300 shares) |
| 2026-09-03 | Open-market sale (3,771 shares) |
| 2026-09-03 | Open-market sale (66,382 shares) |
| 2026-09-03 | Open-market sale (108,052 shares) |
| 2026-09-03 | Open-market sale (5,566 shares) |
| 2026-09-04 | Open-market sale (700 shares) |
| 2026-09-04 | Open-market sale (66,266 shares) |
| 2026-09-04 | Open-market sale (10,400 shares) |
| 2026-09-04 | Open-market sale (3,217 shares) |
Keywords
insider transaction, Form 4, ESTC, Elastic N.V., bearish, Shay Banon
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