Banon Shay 4
4 · Elastic N.V. · Filed Jun 10, 2025
Insider Transaction Report
Form 4
Elastic N.V.ESTC
Banon Shay
DirectorChief Technology Officer
Transactions
- Award
Ordinary Shares
2025-06-08+3,908→ 4,539,364 total - Award
Ordinary Shares
2025-06-08+26,044→ 4,565,408 total - Sale
Ordinary Shares
2025-06-09$86.91/sh−5,117$444,718→ 4,560,291 total
Holdings
- 2,254,978(indirect: By fund for joint account)
Ordinary Shares
Footnotes (4)
- [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"), which vest in sixteen equal quarterly installments beginning on September 8, 2025.
- [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.
- [F4]Held by a fund for joint account (the "fund") owned by the Reporting Person's three minor children. The Reporting Person continues to have sole control of such fund and remains the indirect beneficial owner of the shares owned by such fund.