Form 4: Elastic N.V. CTO Shay Banon Sells Shares in Multiple Transactions

Elastic N.V.'s Chief Technology Officer, Shay Banon, sold a portion of his holdings in multiple transactions on March 20, 2024.

Summary

• On March 20, 2024, Shay Banon, the Chief Technology Officer of Elastic N.V., sold ordinary shares in multiple transactions.
• The sales were executed at weighted average prices of $101.08, $101.71, and $102.61.
• A total of 9,884 shares were sold at an average price of $101.08.
• An additional 7,407 shares were sold at an average price of $101.71.
• Finally, 2,709 shares were sold at an average price of $102.61.
• Following these transactions, Banon indirectly owns 3,054,978 shares through a fund for joint account owned by his three minor children, over which he has sole control.
• Banon also directly owns 4,518,714 ordinary shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing share sales by a company insider. It doesn't inherently convey positive or negative sentiment, but the market's interpretation of the sales could influence the stock price.

Industry Context

Form 4 filings are a routine part of the regulatory landscape, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock and future prospects.

Stakeholder Impact

• Shareholders may react to the news of the CTO selling shares, potentially influencing the stock price.

Key Dates