Form 4: Elastic N.V. GVP Sells Shares for Tax Obligations

Elastic N.V.'s GVP & CAO, Jane E. Bone, sold 629 ordinary shares for $90.12 each to cover tax obligations related to restricted stock unit vesting.

Summary

• Jane E. Bone, the GVP & CAO of Elastic N.V., reported a transaction on September 9, 2025.
• She sold 629 ordinary shares at a price of $90.12 per share.
• The total value of shares sold was approximately $56,665.08.
• The sale was a 'sell to cover' transaction, mandated by Elastic N.V.'s equity incentive plan to satisfy tax withholding obligations upon the vesting of restricted stock units.
• This transaction was explicitly stated as not being a discretionary trade by the reporting person.
• Following the transaction, Jane E. Bone beneficially owns 38,786 ordinary shares.

Sentiment

Score: 5

Explanation: Neutral, as the transaction is a routine, non-discretionary 'sell to cover' for tax purposes related to RSU vesting, not indicative of management's discretionary view on the company's prospects.

Future Outlook

N/A

Management Comments

• The ordinary shares were sold to satisfy the Reporting Person's tax obligations in connection with the vesting of restricted stock units.
• The sales were mandated by the Issuer's equity incentive plan, which requires the satisfaction of tax withholding obligations to be funded by a 'sell to cover' transaction.
• The reported transaction does not represent a discretionary trade by the Reporting Person.

Industry Context

N/A

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction related to executive compensation and tax obligations.
• Employees: Reflects standard practices for equity compensation and tax handling within the company's incentive plans.

Key Dates

Recommendation

The reported transaction is a routine 'sell to cover' to satisfy tax obligations upon RSU vesting and does not reflect a discretionary decision by management regarding the company's future prospects. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Elastic N.V., ESTC, Form 4, Insider Transaction, Share Sale, Restricted Stock Units, RSU, Tax Obligations, Sell to Cover