Dodds Mark Eugene 4

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.