Welihinda Navam 4

What Happened Welihinda Navam, Chief Financial Officer of Elastic N.V. (ESTC), disposed of 3,240 ordinary shares on 2026-03-09 at $52.28 per share for total proceeds of $169,387. The filing lists the transaction as an open market or private sale (code S).

Key Details

• Transaction date: 2026-03-09; Filing date: 2026-03-10 (timely filed).
• Price: $52.28 per share; Shares sold: 3,240; Proceeds: $169,387.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: The shares were sold to satisfy tax withholding obligations tied to RSU vesting. The sale was a mandatory "sell-to-cover" under the issuer's equity incentive plan and does not represent a discretionary trade by the reporting person (Footnote F1).
• Transaction type: Sale (S); not reported as part of a 10b5-1 plan or as a gift/exercise in the provided data.

Context This was a routine sell-to-cover tied to equity compensation tax withholding, which companies commonly mandate when restricted stock units vest. Such transactions are administrative and generally not interpreted as a personal, discretionary sell signal about company prospects.