Exner Ken 4
4 · Elastic N.V. · Filed Jun 10, 2025
Insider Transaction Report
Form 4
Elastic N.V.ESTC
Exner Ken
Chief Product Officer
Transactions
- Award
Ordinary Shares
2025-06-08+69,451→ 237,412 total - Sale
Ordinary Shares
2025-06-09$86.91/sh−6,918$601,243→ 230,494 total - Award
Ordinary Shares
2025-06-08+4,690→ 167,961 total
Footnotes (3)
- [F1]Represents ordinary shares earned with respect to an award of performance-based RSUs ("PSUs") granted on June 8, 2024, 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, 2025, contingent on the Reporting Person's continued service on such vesting date.
- [F2]The ordinary shares are represented by restricted stock units ("RSUs"), (a) 40,513 of which vest in sixteen equal quarterly installments beginning on September 8, 2025 and (b) 28,938 of which vest 20% on June 8, 2026, 20% on June 8, 2027, 30% on June 8, 2028 and 30% on June 8, 2029.
- [F3]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.