Form 4: Elastic N.V. Director Chetan Puttagunta Reports Changes in Beneficial Ownership
SEC Form 4
Director Chetan Puttagunta of Elastic N.V. reports acquisition and disposal of ordinary shares and restricted stock units.
Summary
- On October 1, 2024, Chetan Puttagunta, a director of Elastic N.V., reported changes in beneficial ownership.
- Puttagunta acquired 2,666 ordinary shares at a price of $0.
- Puttagunta disposed of 10,730 ordinary shares.
- Following these transactions, Puttagunta beneficially owns 10,730 ordinary shares.
- The report also mentions restricted stock units that vest in full on the earlier of (i) the day prior to the date of the Issuer's next annual general meeting of shareholders or (ii) September 29, 2025.
Sentiment
Score: 5
Explanation: This is a neutral report on changes in beneficial ownership, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider trading and is required by the SEC to ensure transparency in the market.
Stakeholder Impact
- Shareholders are informed about the transactions of a key insider, providing transparency into management's actions.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction involving ordinary shares. |
| 10/02/2024 | Date of signature for the report. |
| September 29, 2025 | Latest date for restricted stock units to vest. |
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