Form 4: Elastic N.V. Chief Technology Officer Sells Shares in Multiple Transactions

Elastic N.V.'s Chief Technology Officer, Shay Banon, sold a total of 149,990 ordinary shares in multiple transactions on November 26, 2024, at weighted average prices ranging from $109.86 to $111.41.

Summary

• Shay Banon, the Chief Technology Officer of Elastic N.V., sold a total of 149,990 ordinary shares on November 26, 2024.
• The sales were executed in multiple transactions at weighted average prices of $109.86, $110.93, and $111.41.
• The shares were sold from a fund for joint account owned by the Reporting Person's three minor children, but the Reporting Person retains sole control of the fund.
• Following these transactions, the fund still holds 2,604,978 ordinary shares.

Sentiment

Score: 5

Explanation: The document is a neutral report of share sales by an executive, with no indication of positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to sell shares for personal financial management.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders.
• The reported transactions are within the normal range of insider trading activity for a company of Elastic N.V.'s size and profile.
• Comparable companies also have similar filings when their executives sell shares.

Stakeholder Impact

• The share sales may have a minor impact on the stock price, but are unlikely to have a significant impact on other stakeholders.

Key Dates

Keywords

Elastic N.V., Shay Banon, Chief Technology Officer, share sale, insider trading, SEC Form 4, ordinary shares