Form 4: Elastic N.V. CEO Ashutosh Kulkarni Sells Shares
SEC Form 4 Filing
Elastic N.V.'s CEO, Ashutosh Kulkarni, sold 9,664 ordinary shares on June 24, 2024, at a weighted average price of $109.88.
Summary
- On June 24, 2024, Ashutosh Kulkarni, the CEO of Elastic N.V., sold 9,664 ordinary shares of the company.
- The shares were sold at a weighted average price of $109.88.
- The sales occurred in multiple transactions with prices ranging from $109.58 to $110.21.
- Following the reported transaction, Kulkarni directly owns 452,297 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a sale of shares by the CEO. It doesn't inherently convey positive or negative sentiment, but large insider sales can sometimes be viewed negatively by the market.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by the CEO could potentially influence investor sentiment, although the impact is likely to be minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 06/24/2024 | Date of the transaction: Ashutosh Kulkarni sold 9,664 ordinary shares. |
| 06/26/2024 | Date of signature by power of attorney. |
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