Herzog Carolyn 4

What Happened Carolyn Herzog, Chief Legal Officer of Elastic N.V. (ESTC), sold 3,989 ordinary shares on 2026-03-09 at $52.28 per share, generating proceeds of approximately $208,545. The sale was a disposition (code S) and was executed to cover tax withholding related to the vesting of performance-based restricted stock units and restricted stock units.

Key Details

• Transaction date and price: 2026-03-09 — 3,989 shares at $52.28 each.
• Proceeds: about $208,545.
• Shares owned after the transaction: Not stated in the report.
• Footnote: The shares were sold to satisfy tax obligations on vesting; the issuer's equity plan mandates a "sell-to-cover" and this was not a discretionary trade by the reporting person (F1).
• Filing: Form 4 filed 2026-03-10 (timely; next-business-day filing).

Context Sell-to-cover transactions are routine administrative sales to satisfy tax withholding when restricted stock units vest and generally do not indicate the insider’s view of the company. Retail investors often give more weight to discretionary open-market purchases than to mandatory sales for tax purposes.