SCHEDULE: Shay Banon Maintains 5.2% Stake in Elastic N.V.

Shay Banon has filed an amendment to Schedule 13G, confirming beneficial ownership of 5,483,939 ordinary shares, representing 5.2% of Elastic N.V.

Summary

• Shay Banon, a key figure associated with Elastic N.V., has filed an amendment to Schedule 13G.
• The filing confirms beneficial ownership of 5,483,939 ordinary shares of Elastic N.V.
• This ownership stake represents 5.2% of the total class of securities.
• The shares include 114,780 ordinary shares subject to options exercisable within 60 days of September 30, 2026.
• The calculation of the percentage is based on 104,991,280 shares outstanding as of August 21, 2026.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as neutral to slightly positive, reflecting a significant but stable ownership stake by a key insider.

Positives

• Confirms a substantial ownership stake (5.2%) by a key insider, Shay Banon, indicating continued commitment or alignment with the company.
• The ownership includes shares subject to options exercisable within 60 days, suggesting potential for increased stake or active management of holdings.

Negatives

• The filing does not disclose any new information that would be considered negative; it is primarily an update on existing ownership.

Risks

• Concentration of ownership by a single individual could pose governance risks if their interests diverge from other shareholders.
• The exercisable options within 60 days introduce a degree of uncertainty regarding the exact future ownership percentage.

Future Outlook

The filing itself does not contain forward-looking statements or guidance. It is a snapshot of current beneficial ownership.

Management Comments

• "Rows 5 through 9 include 114,780 Ordinary Shares, Euro 0.01 par value per share, of the Issuer ("Ordinary Shares") subject to options held by Mr. Banon that are exercisable within 60 days of September 30, 2026."
• "Percent of class is calculated based on (i) 104,991,280 Ordinary Shares outstanding as of August 21, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended July 31, 2026, filed with the Securities and Exchange Commission on August 28, 2026 and (ii) 114,780 Ordinary Shares subject to options held by Mr. Banon that are exercisable within 60 days of September 30, 2026."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for significant institutional investors and insiders. Shay Banon's continued substantial stake in Elastic N.V. suggests a long-term perspective, which is typical for founders or early major investors in technology companies.

Comparison to Industry Standards

• For a founder or key executive, a 5.2% ownership stake in a publicly traded technology company is generally considered significant and aligns with industry norms for individuals who have played a pivotal role in the company's development.
• Many tech companies see founders or early investors retain substantial stakes post-IPO, often between 5% and 20%, to maintain influence and alignment.

Stakeholder Impact

• Shareholders: The stable, significant ownership by an insider like Shay Banon can be viewed positively, signaling commitment, but also raises questions about concentrated control.
• Management: Reinforces the influence of key individuals within the company's governance structure.

Next Steps

• Monitor future filings for any changes in Shay Banon's beneficial ownership.
• Observe the exercise of options within 60 days of September 30, 2026, and its impact on ownership percentage.

Key Dates

Keywords

Elastic N.V., Shay Banon, Schedule 13G, Beneficial Ownership, Ordinary Shares, Insider Holding, Stock Options