Form 4: Elastic N.V. Chief Revenue Officer Sells Shares to Cover Tax Obligations
SEC Form 4
Mark Eugene Dodds, Chief Revenue Officer of Elastic N.V., sold 3,661 ordinary shares to cover tax obligations related to vesting restricted stock units.
Summary
- On September 9, 2024, Mark Eugene Dodds, the Chief Revenue Officer of Elastic N.V., sold 3,661 ordinary shares of the company.
- The 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, as mandated by Elastic N.V.'s equity incentive plan.
- Following the transaction, Dodds still beneficially owns 102,683 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.
Stakeholder Impact
- The sale of shares by a company 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 |
|---|---|
| 09/09/2024 | Date of the share sale transaction. |
| 09/10/2024 | Date of signature for the Form 4 filing. |
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