Form 4: Elastic N.V. CEO Ashutosh Kulkarni Sells Shares Under 10b5-1 Trading Plan

Elastic N.V.'s CEO, Ashutosh Kulkarni, executed sales of ordinary shares on March 25, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 25, 2025, Ashutosh Kulkarni, CEO of Elastic N.V., sold ordinary shares of the company.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 24, 2024.
• A total of 4,529 shares were sold at a weighted average price of $102.5704, with individual transactions ranging from $102.145 to $103.11.
• An additional 471 shares were sold at a weighted average price of $103.2687, with individual transactions ranging from $103.19 to $103.52.
• Following these transactions, Kulkarni directly owns 371,591 ordinary shares of Elastic N.V.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider trading. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions.

Industry Context

Executive share sales are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information.

Stakeholder Impact

• The share sales by the CEO could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Elastic N.V., Ashutosh Kulkarni, Form 4, insider trading, Rule 10b5-1, share sale, ESTC, CEO