Form 4: Elastic N.V. Chief Legal Officer Sells Shares to Cover Tax Obligations

Elastic N.V.'s Chief Legal Officer, Carolyn Herzog, sold 4,525 ordinary shares to cover tax obligations related to vesting restricted stock units.

Summary

• Carolyn Herzog, Chief Legal Officer of Elastic N.V., sold 4,525 ordinary shares on December 9, 2024.
• The sale was executed at a price of $108.71 per share.
• This transaction was not a discretionary trade but rather a 'sell to cover' transaction mandated by the company's equity incentive plan to satisfy tax withholding obligations.
• Following the transaction, Ms. Herzog beneficially owns 87,486 ordinary shares.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Similar 'sell to cover' transactions are common among executives at publicly traded technology companies like Elastic N.V.
• These transactions are typically part of the company's equity compensation plan and are not indicative of a change in the executive's outlook on the company's future.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Elastic N.V., ESTC, insider trading, Form 4, stock sale, tax obligations, restricted stock units, equity incentive plan, Chief Legal Officer, Carolyn Herzog