4/A: Elastic N.V. CTO Amends SEC Filing to Correct Share Ownership and PSU Vesting Details

Elastic N.V.'s Chief Technology Officer, Shay Banon, has filed an amended Form 4 to correct previously reported share acquisitions related to PSU vesting and subsequent beneficial ownership figures.

Summary

• Shay Banon, Director and Chief Technology Officer of Elastic N.V. (ESTC), filed an amended Form 4 (4/A) on June 12, 2025.
• The amendment corrects and restates the total number of ordinary shares earned from Performance Share Units (PSUs) granted on June 8, 2024.
• It also corrects and restates the number of securities beneficially owned by Mr. Banon following each reported transaction.
• On June 8, 2025, Mr. Banon acquired 11,723 ordinary shares at a price of $0.00, bringing his beneficial ownership to 4,547,179 shares.
• Also on June 8, 2025, an additional 26,044 ordinary shares were acquired at $0.00, increasing beneficial ownership to 4,573,223 shares.
• On June 9, 2025, Mr. Banon disposed of 5,117 ordinary shares at a price of $86.91 per share, resulting in a beneficial ownership of 4,568,106 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine compliance filing to correct administrative errors in insider transaction reporting. It does not convey positive or negative operational or financial news for the company.

Positives

• The filing demonstrates compliance with SEC reporting requirements by correcting previous errors.
• The acquisition of shares at $0.00 indicates vesting of performance-based equity awards, aligning management incentives with shareholder value.

Negatives

• The need for an amendment suggests an initial error in reporting, which, while corrected, highlights a minor administrative oversight.

Future Outlook

This filing is a historical record of insider transactions and does not contain forward-looking statements or guidance regarding the company's future performance.

Management Comments

• "This Form 4 is being amended to correct and restate the total number of ordinary shares earned with respect to PSUs granted on June 8, 2024 and to correct and restate the number of securities beneficially owned following each of the reported transactions. All other information reported in the original Form 4 is correct." (Explanation of Responses, Note 1)

Industry Context

This Form 4/A filing is a standard regulatory disclosure for insider trading activities and corrections. It provides transparency into the equity holdings and transactions of a key executive at Elastic N.V., a company operating in the software and data analytics industry. Such filings are common across all publicly traded companies and do not inherently reflect specific industry trends, but rather individual executive compensation and investment activities.

Stakeholder Impact

• Shareholders: Provides updated and accurate information regarding the beneficial ownership of a key executive, enhancing transparency.
• Regulatory Authorities: Ensures compliance with Section 16(a) of the Securities Exchange Act of 1934.

Key Dates

Keywords

Elastic N.V., ESTC, Shay Banon, Form 4/A, SEC filing, beneficial ownership, PSU vesting, stock transactions, insider trading, corporate governance