Form 4: Elastic N.V. Chief Legal Officer Carolyn Herzog Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Carolyn Herzog, Chief Legal Officer of Elastic N.V., sold 4,489 ordinary shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- Carolyn Herzog, the Chief Legal Officer of Elastic N.V., reported a transaction on September 9, 2024, involving the sale of ordinary shares.
- A total of 4,489 ordinary shares were sold at a price of $70.25 per share.
- The sale was executed to satisfy tax obligations related to the vesting of restricted stock units (RSUs) and performance-based RSUs.
- Following the transaction, Herzog beneficially owns 102,959 ordinary shares.
Sentiment
Score: 5
Explanation: The transaction appears to be a routine sale to cover tax obligations, suggesting a neutral sentiment. It's a standard practice and doesn't necessarily reflect a change in the executive's outlook on the company.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction is not necessarily indicative of a change in sentiment regarding the company's prospects.
Stakeholder Impact
- The sale of shares could have a minor, temporary impact on the stock price due to increased selling pressure.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of the transaction: sale of ordinary shares. |
| 09/10/2024 | Date of signature on the Form 4 filing. |
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