Form 4: Elastic N.V. Chief Legal Officer Sells Shares to Cover Tax Obligations
SEC Form 4
Carolyn Herzog, Chief Legal Officer of Elastic N.V., sold 2,591 ordinary shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 11, 2024, Carolyn Herzog, the Chief Legal Officer of Elastic N.V., sold 2,591 ordinary shares of the company.
- The shares were sold at a price of $103.28 per share.
- The sale was executed to satisfy tax obligations associated with the vesting of restricted stock units, as mandated by Elastic N.V.'s equity incentive plan.
- Following the transaction, Herzog directly owns 87,799 ordinary shares.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction reflects a standard procedure for managing equity compensation and does not necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of the share sale transaction. |
| 03/13/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.