Form 4: Elastic N.V. Chief Technology Officer Shay Banon Sells Shares

Elastic N.V.'s Chief Technology Officer, Shay Banon, reports the sale of ordinary shares held indirectly through a fund for his children.

Summary

• Shay Banon, the Chief Technology Officer of Elastic N.V., filed a Form 4 disclosing changes in beneficial ownership.
• The reported transactions involve the sale of Elastic N.V. ordinary shares on multiple dates in March 2025.
• The shares were sold indirectly through a fund owned by Banon's three minor children, with Banon retaining sole control of the fund.
• The sales occurred at varying prices, ranging from approximately $104.51 to $114.23 per share.
• A total of 232,704 shares were sold between March 2nd and March 4th.
• Following these transactions, Banon indirectly holds 2,254,978 ordinary shares through the fund.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales by an insider. The sentiment is neither positive nor negative as it's a routine regulatory filing.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the trading activities of company insiders.

Stakeholder Impact

• The stock sale could have a minor impact on shareholder sentiment, depending on how the market interprets the insider's actions.

Key Dates