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

Elastic N.V.'s Chief Technology Officer, Shay Banon, sold 2,666 ordinary shares to cover tax obligations related to vesting restricted stock units.

Summary

• On September 9, 2024, Shay Banon, the Chief Technology Officer of Elastic N.V., sold 2,666 ordinary shares of the company.
• The shares were sold at a price of $70.25 per share.
• The sale was mandated by Elastic N.V.'s equity incentive plan to cover tax obligations associated with the vesting of restricted stock units (RSUs) and performance-based RSUs.
• Following the transaction, Banon directly owns 4,543,190 ordinary shares.
• Banon also indirectly owns 2,754,978 ordinary shares through a fund for joint account owned by his three minor children, over which he retains sole control.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

Sales of shares by company executives are a common occurrence, often related to compensation and tax obligations. These transactions are closely monitored by investors for insights into management's perspective on the company's value and future prospects.

Key Dates