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 shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- Carolyn Herzog, the Chief Legal Officer of Elastic N.V., sold a portion of her ordinary shares on March 10 and 11, 2025.
- The sales were executed to cover tax obligations associated with the vesting of restricted stock units (RSUs) and performance-based RSUs.
- On March 10, 2025, 3,334 shares were sold at a price of $90.78 per share.
- On March 11, 2025, 4,500 shares were sold at a price of $97.875 per share.
- Following these transactions, Herzog directly owns 79,652 ordinary shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations, which is a common practice.
Industry Context
Executive share sales are a common occurrence, particularly to cover tax obligations related to equity compensation. The impact on the stock price is usually minimal unless the sales are substantial or indicate a change in the executive's confidence in the company.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Sale of 3,334 ordinary shares at $90.78 per share. |
| 03/11/2025 | Sale of 4,500 ordinary shares at $97.875 per share. |
| 03/12/2025 | Date of signature by power of attorney. |
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