Form 4: Elastic N.V. Chief Product Officer Ken Exner Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Ken Exner, Chief Product Officer of Elastic N.V., sold 2,529 ordinary shares on March 11, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On March 11, 2024, Ken Exner, the Chief Product Officer of Elastic N.V., sold 2,529 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, Exner still beneficially owns 141,620 ordinary shares.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives and employees.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of the share sale transaction. |
| 03/13/2024 | Date of signature on the Form 4 filing. |
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