Exner Ken 4
4 · Elastic N.V. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Elastic (ESTC) CPO Ken Exner Sells Shares
What Happened
Ken Exner, Chief Product Officer of Elastic N.V. (ESTC), sold 4,310 ordinary shares on 2026-03-09 at $52.28 per share, generating total proceeds of $225,327. The sale was an S (sale) transaction reported on a Form 4 filed 2026-03-10.
Key Details
- Transaction date: 2026-03-09; sale price: $52.28 per share.
- Shares sold: 4,310; proceeds: $225,327.
- Reason per filing footnote: shares were sold to satisfy the reporting person’s tax withholding obligations on the vesting of performance-based restricted stock units and restricted stock units (mandatory "sell to cover").
- Sale type: open market / mandated sell-to-cover (not a discretionary trade by the insider).
- Filing date: 2026-03-10; appears timely (filed one day after the transaction).
- Shares owned after the transaction: not specified in the provided filing.
Context
Sell-to-cover transactions are routine administrative sales to meet tax withholding when equity vests and do not necessarily reflect the insider’s view of the company. For retail investors, purchases or discretionary sales can be more informative about insider sentiment.
Insider Transaction Report
Form 4
Elastic N.V.ESTC
Exner Ken
Chief Product Officer
Transactions
- Sale
Ordinary Shares
[F1]2026-03-09$52.28/sh−4,310$225,327→ 222,728 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