Bone Jane E 4
4 · Elastic N.V. · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
Elastic (ESTC) GVP & CAO Jane Bone Sells Shares, Receives RSU Award
What Happened
Jane E. Bone, Elastic's GVP & CAO, received a grant of 12,069 restricted stock units (RSUs) on 2026-06-08 (reported as an acquisition at $0.00) and sold 1,104 ordinary shares in an open-market transaction on 2026-06-09 for $60.61 per share, generating proceeds of $66,913. The sale was executed to satisfy tax withholding obligations associated with RSU vesting and was not a discretionary trade.
Key Details
- Filing date: 2026-06-10; report period covers transactions on 2026-06-08 and 2026-06-09. Filing appears timely.
- Grant: 12,069 RSUs reported as acquired on 2026-06-08 at $0.00 (RSUs, not a cash purchase).
- Sale: 1,104 shares sold on 2026-06-09 at $60.61 per share for $66,913 total.
- Shares owned after transactions: not specified in the provided filing excerpt.
- Footnotes:
- RSUs vest in 16 equal quarterly installments beginning September 8, 2026 (F1).
- The filing notes 166 shares were purchased under Elastic’s ESPP on March 15, 2026 (F2).
- The sale was a mandatory “sell-to-cover” to satisfy tax withholding on RSU vesting and is not a discretionary trade (F3).
Context
RSU grants report as acquisitions at $0 because they represent future compensation that vests over time; the filing’s vesting schedule indicates these RSUs will vest quarterly. Sell-to-cover sales are routine tax-withholding transactions and do not necessarily reflect an insider’s view on the company’s prospects.
Insider Transaction Report
- Award
Ordinary Shares
[F1][F2]2026-06-08+12,069→ 54,519 total - Sale
Ordinary Shares
[F3]2026-06-09$60.61/sh−1,104$66,913→ 53,415 total
Footnotes (3)
- [F1]The ordinary shares are represented by restricted stock units ("RSUs"), which vest in sixteen equal quarterly installments beginning on September 8, 2026.
- [F2]Includes 166 ordinary shares purchased under the Issuer's Employee Stock Purchase Plan on March 15, 2026.
- [F3]The ordinary shares were sold to satisfy the Reporting Person's tax obligations in connection with the vesting of RSUs. 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.