Dodds Mark Eugene 4
4 · Elastic N.V. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Elastic (ESTC) CRO Mark Dodds Sells 3,723 Shares
What Happened
Mark Eugene Dodds, Elastic's Chief Revenue Officer, disposed of 3,723 ordinary shares on 2026-03-09 in an open-market sale at $52.28 per share, generating proceeds of approximately $194,638. This was a sale (transaction code S) rather than a purchase.
Key Details
- Transaction date: 2026-03-09; Filing date: 2026-03-10 (Form 4 timely filed).
- Price per share: $52.28; Total proceeds: ~$194,638.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnote: The sale was a "sell-to-cover" required by the issuer’s equity incentive plan to satisfy tax withholding obligations related to the vesting of performance-based RSUs and RSUs; the filing notes this was not a discretionary trade by the reporting person.
Context
Sell-to-cover transactions are common when restricted stock units vest: shares are sold automatically to cover taxes and do not necessarily indicate the insider's market view. Purchases generally signal stronger insider conviction than routine tax-related sales.
Insider Transaction Report
Form 4
Elastic N.V.ESTC
Dodds Mark Eugene
Chief Revenue Officer
Transactions
- Sale
Ordinary Shares
[F1]2026-03-09$52.28/sh−3,723$194,638→ 152,563 total
Footnotes (1)
- [F1]The ordinary shares were sold to satisfy the Reporting Person's tax obligations in connection with the vesting of performance-based restricted stock units and restricted stock units. 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.
Signature
/s/ Marielle Reints, by power of attorney|2026-03-10