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

Mark Eugene Dodds, Chief Revenue Officer of Elastic N.V., sold 2,755 ordinary shares to cover tax obligations related to vesting restricted stock units.

Summary

• On March 10, 2025, Mark Eugene Dodds, the Chief Revenue Officer of Elastic N.V., sold 2,755 ordinary shares of the company.
• The shares were sold at a price of $90.77 per share.
• The sale was executed to satisfy the reporting person's tax obligations related to the vesting of restricted stock units, as mandated by Elastic N.V.'s equity incentive plan.
• Following the transaction, Dodds beneficially owns 96,484 ordinary shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations. It doesn't indicate any significant positive or negative developments for the company.

Management Comments

• The sales were mandated by the Issuer's equity incentive plan which requires the satisfaction of tax withholding obligations to be funded by a 'sell to cover' transaction and does not represent a discretionary trade by the Reporting Person.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives. This ensures compliance with tax laws and allows executives to manage their equity compensation effectively.

Stakeholder Impact

• The sale of shares by the Chief Revenue Officer may have a minor impact on shareholders due to the small volume of shares sold.

Key Dates