Moorjani Janesh 4
4 · Elastic N.V. · Filed Jun 11, 2024
Insider Transaction Report
Form 4
Elastic N.V.ESTC
Moorjani Janesh
Chief Financial Officer
Transactions
- Award
Ordinary Shares
2024-06-08+34,836→ 212,502 total - Sale
Ordinary Shares
2024-06-10$109.90/sh−10,011$1,100,209→ 202,491 total - Award
Ordinary Shares
2024-06-08+20,550→ 177,666 total
Holdings
- 44,474(indirect: By Trust)
Ordinary Shares
Footnotes (5)
- [F1]Represents ordinary shares earned with respect to an award of performance-based RSUs ("PSUs") granted on June 8, 2023, as determined based on the Issuer's achievement of specified performance goals. One-third of the PSUs vest on the determination date, and thereafter one-eighth of the remaining PSUs vest in quarterly installments beginning on September 8, 2024, contingent on the Reporting Person's continued service on such vesting date.
- [F2]Includes 319 ordinary shares purchased under the Issuer's Employee Stock Purchase Plan on March 15, 2024.
- [F3]The ordinary shares are represented by restricted stock units ("RSUs"), which vest in sixteen equal quarterly installments beginning on September 8, 2024.
- [F4]The ordinary shares were sold to satisfy the Reporting Person's tax obligations in connection with the vesting of PSUs and RSUs. 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 and does not represent a discretionary trade by the Reporting Person.
- [F5]Held by a family trust of which the Reporting Person and his spouse serve as trustees.