SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Maintain 4.2% Passive Stake in Elastic NV
Beneficial Ownership Report (Schedule 13G Amendment)
FMR LLC and its Chairman and CEO, Abigail P. Johnson, have filed an amendment to their Schedule 13G, confirming a continued passive beneficial ownership of 4.2% of Elastic NV's common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 4,348,070.88 shares of Elastic NV's common stock.
- This ownership represents 4.2% of the total outstanding common stock of Elastic NV.
- The filing is an Amendment No. 6 to a Schedule 13G, indicating an update to a previously disclosed passive investment.
- FMR LLC holds sole voting power over 4,323,723.00 shares and sole dispositive power over 4,348,070.88 shares.
- Abigail P. Johnson, as a control person of FMR LLC, is deemed to beneficially own the same aggregate amount of shares with sole dispositive power.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Elastic NV.
Sentiment
Score: 5
Explanation: The document is neutral in sentiment, as it is a factual disclosure of beneficial ownership and does not contain performance metrics, strategic updates, or forward-looking statements that would typically influence sentiment.
Positives
- The continued holding by a prominent institutional investor like FMR LLC, even in a passive capacity, can be viewed as a minor signal of ongoing confidence in Elastic NV.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding Elastic NV's future performance or strategic direction, as it is a beneficial ownership disclosure.
Management Comments
- FMR LLC and Abigail P. Johnson certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of Elastic NV.
Industry Context
This filing is a routine disclosure of institutional ownership, common in the financial industry, providing transparency on significant passive stakes held by investment management firms in publicly traded companies. It does not provide specific insights into Elastic NV's operational performance or broader industry trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Control Structure Disclosure | Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, along with other Johnson family members, are the predominant owners (49% voting power) of Series B voting common shares of FMR LLC. They have a shareholders' voting agreement to vote Series B shares in accordance with the majority, potentially forming a controlling group with respect to FMR LLC. | NA | This clarifies the control structure of the reporting entity (FMR LLC) and its relationship with Abigail P. Johnson, ensuring transparency regarding the ultimate beneficial ownership and control of the reported shares. |
Stakeholder Impact
- Shareholders: Provides transparency regarding the passive institutional ownership of Elastic NV's common stock by FMR LLC and Abigail P. Johnson.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC. |
| 2023-01-26 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end). |
| 2025-02-11 | Date of filing of this Schedule 13G Amendment. |
Keywords
Elastic NV, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.