Form 4: Elastic N.V. CFO Janesh Moorjani Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
CFO of Elastic N.V., Janesh Moorjani, sold shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 11, 2024, Janesh Moorjani, CFO & COO of Elastic N.V., sold 5,515 ordinary shares at a price of $103.28 per share.
- The sale was executed to cover tax obligations associated with the vesting of restricted stock units, as mandated by Elastic N.V.'s equity incentive plan.
- Following the transaction, Moorjani directly owns 156,797 ordinary shares and indirectly owns 44,474 shares through a family trust.
Sentiment
Score: 6
Explanation: The document is a routine SEC filing related to a stock sale for tax purposes. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of the share sale transaction. |
| 03/13/2024 | Date of signature on the Form 4 filing. |
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