Form 4: Elastic CTO Sells Shares
Insider Transaction (Form 4)
Shay Banon, Chief Technology Officer and a Director of Elastic N.V., sold 161,787 shares of common stock on September 9, 2026.
Summary
- Open-market sale: disposed of 6,577 Ordinary Shares at $87.78 ($577,329) on September 9, 2026; holds 4,149,980 after (Direct).
- Open-market sale: disposed of 127,892 Ordinary Shares at $86.55 ($11,069,053) on September 9, 2026; holds 4,022,088 after (Direct).
- Open-market sale: disposed of 14,991 Ordinary Shares at $88.08 ($1,320,407) on September 9, 2026; holds 4,007,097 after (Direct).
- Open-market sale: disposed of 6,126 Ordinary Shares at $88.28 ($540,803) on September 9, 2026; holds 4,000,971 after (Direct).
- Open-market sale: disposed of 6,101 Ordinary Shares at $85.16 ($519,561) on September 10, 2026; holds 3,994,870 after (Direct).
- Open-market sale: disposed of 100 Ordinary Shares at $87.00 ($8,700) on September 10, 2026; holds 3,994,770 after (Direct).
Sentiment
Score: 2
Explanation: StockSavvy.ai views this as a mildly negative signal: an insider sold $14,035,853 of stock on the open market.
Insider Transactions
Shay Banon — Director, Officer (Chief Technology Officer)
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-09-09 | Open-market sale | Ordinary Shares | 6,577 | $88 | $577.3K | 4,149,980 |
| 2026-09-09 | Open-market sale | Ordinary Shares | 127,892 | $87 | $11.1M | 4,022,088 |
| 2026-09-09 | Open-market sale | Ordinary Shares | 14,991 | $88 | $1.3M | 4,007,097 |
| 2026-09-09 | Open-market sale | Ordinary Shares | 6,126 | $88 | $540.8K | 4,000,971 |
| 2026-09-10 | Open-market sale | Ordinary Shares | 6,101 | $85 | $519.6K | 3,994,870 |
| 2026-09-10 | Open-market sale | Ordinary Shares | 100 | $87 | $8.7K | 3,994,770 |
Key Dates
| Date | Description |
|---|---|
| 2026-09-09 | Open-market sale (6,577 shares) |
| 2026-09-09 | Open-market sale (127,892 shares) |
| 2026-09-09 | Open-market sale (14,991 shares) |
| 2026-09-09 | Open-market sale (6,126 shares) |
| 2026-09-10 | Open-market sale (6,101 shares) |
| 2026-09-10 | Open-market sale (100 shares) |
Keywords
insider transaction, Form 4, ESTC, Elastic N.V., bearish, Shay Banon
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