Form 4: Elastic N.V. Executive Ken Exner Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Ken Exner, Chief Product Officer of Elastic N.V., sold 5,048 ordinary shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- On September 9, 2024, Ken Exner, the Chief Product Officer of Elastic N.V., sold 5,048 ordinary shares of the company.
- The shares were sold at a price of $70.25 per share.
- The sale was executed to satisfy tax obligations associated with the vesting of restricted stock units (RSUs) and performance-based RSUs.
- Following the transaction, Exner still beneficially owns 171,984 ordinary shares.
- The sale was mandated by Elastic N.V.'s equity incentive plan, which requires a 'sell to cover' transaction to fund tax withholding obligations.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Executive share sales are a common occurrence, particularly to cover tax obligations related to equity compensation. The sale itself is unlikely to have a significant impact on the company's overall performance or stock price, as it is a routine transaction.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of the transaction: Ken Exner sold 5,048 ordinary shares. |
| 09/10/2024 | Date of signature on the Form 4 filing. |
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