4/A: Elastic N.V. Chief Legal Officer Amends Insider Trading Report, Correcting Share Ownership Figures

Elastic N.V.'s Chief Legal Officer, Carolyn Herzog, filed an amended Form 4 to correct previously reported beneficial ownership of ordinary shares following recent acquisitions and a sale.

Summary

• Carolyn Herzog, Chief Legal Officer of Elastic N.V. (ESTC), filed a Form 4/A to amend and correct a previously filed Form 4.
• The amendment specifically corrects and restates the total number of ordinary shares earned from Performance Share Units (PSUs) granted on June 8, 2024.
• It also corrects and restates the number of securities beneficially owned by Ms. Herzog following each of the reported transactions.
• On June 8, 2025, Ms. Herzog acquired 8,753 ordinary shares at a price of $0, increasing her direct beneficial ownership to 88,738 shares.
• On the same date, June 8, 2025, she acquired an additional 16,784 ordinary shares at a price of $0, bringing her direct beneficial ownership to 105,522 shares.
• On June 9, 2025, Ms. Herzog disposed of 5,702 ordinary shares at a price of $86.91 per share, resulting in a direct beneficial ownership of 99,820 shares.

Sentiment

Score: 5

Explanation: The document is a factual correction of insider transactions. While there was a sale of shares, there were also acquisitions, balancing the immediate sentiment. The amendment itself is neutral.

Positives

• The acquisition of 8,753 ordinary shares and 16,784 ordinary shares, likely through PSU vesting, indicates an increase in the Chief Legal Officer's direct stake in the company.

Negatives

• The sale of 5,702 ordinary shares by a key executive, Carolyn Herzog, could be perceived as a slight negative, although it is a common practice for executives to sell shares to cover taxes or for personal liquidity.

Risks

• No specific risks are mentioned in this amendment beyond the inherent nature of insider transactions and the need for accurate reporting.

Future Outlook

This document is an amendment to an insider transaction report and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a standard regulatory disclosure of insider trading activity and does not provide broader industry context or trends. It reflects individual executive share management rather than company-wide strategic shifts.

Stakeholder Impact

• Shareholders: Provides updated transparency on the beneficial ownership of a key executive, which can influence investor perception of insider confidence, though the impact is minor given the nature of the amendment.

Key Dates

Keywords

Elastic N.V., ESTC, Form 4/A, Insider Trading, Beneficial Ownership, Carolyn Herzog, Chief Legal Officer, Stock Acquisition, Stock Sale, PSU Vesting, SEC Filing