Form 4: Elastic N.V. Interim CFO Acquires Shares Through Restricted Stock Units

Elastic N.V.'s Interim CFO, Eric Theodore Prengel, acquired 19,221 ordinary shares through restricted stock units, which vest in two annual installments starting December 14, 2025.

Summary

• Eric Theodore Prengel, the Interim CFO of Elastic N.V., has acquired 19,221 ordinary shares.
• These shares were granted as restricted stock units.
• The restricted stock units will vest in two annual installments.
• The vesting period begins on December 14, 2025.
• Following this transaction, Mr. Prengel now beneficially owns 62,844 ordinary shares.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management's interests with shareholders. There is no indication of any negative sentiment.

Positives

• The acquisition of shares by the Interim CFO could be seen as a positive sign of confidence in the company's future.

Future Outlook

The restricted stock units will vest in two annual installments beginning on December 14, 2025.

Industry Context

This type of share acquisition through restricted stock units is a common practice for compensating and incentivizing executives in publicly traded companies.

Comparison to Industry Standards

• Many technology companies use restricted stock units as part of their executive compensation packages.
• The vesting schedule of two annual installments is a fairly standard practice.
• Companies like Salesforce, Adobe, and Workday also use similar equity-based compensation strategies for their executives.

Stakeholder Impact

• The share acquisition could positively impact shareholder confidence due to the alignment of management's interests with the company's performance.

Key Dates

Keywords

Elastic N.V., Eric Theodore Prengel, Interim CFO, restricted stock units, share acquisition, beneficial ownership, vesting