Exner Ken 4
4 · Elastic N.V. · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
Elastic (ESTC) CPO Ken Exner Receives Awards, Sells Shares
What Happened
Ken Exner, Chief Product Officer at Elastic N.V. (ESTC), was credited with three awards on 2026-06-08 totaling 155,758 ordinary shares (48,616; 34,725; 72,417) reported at $0.00 (awarded/earned). On 2026-06-09 he disposed of 18,449 shares in an open-market sale at $60.61 per share, generating proceeds of approximately $1,118,194. The sale was a sell-to-cover to satisfy tax withholding obligations and was not a discretionary trade.
Key Details
- Transactions: Awards/acquisitions on 2026-06-08 (155,758 shares total); sale on 2026-06-09 of 18,449 shares @ $60.61 = ~$1,118,194.
- Shares acquired were reported at $0.00 (awarded/earned), not a cash purchase.
- Shares owned after the transaction: not specified in the filing.
- Footnotes:
- F1/F2: Portions represent performance-based RSUs (PSUs) from grants dated 2025-06-08 with different vesting schedules (one-third on determination date then quarterly for F1; 20/20/30/30% annual vesting for F2).
- F3: Other shares are time-based RSUs vesting in 16 equal quarterly installments beginning 2026-09-08.
- F4: The 18,449-share sale was required by the company’s equity plan to satisfy tax withholding (sell-to-cover), and thus not a discretionary sale by the insider.
- Filing: Report filed 2026-06-10 (reporting period 2026-06-08).
Context
- PSUs/RSUs: The awards reported are restricted stock units and performance-based units that convert to shares subject to achievement and continued service/vesting conditions.
- Sell-to-cover: The sale was a routine, mandated transaction to meet tax withholding on vested awards and should not be read as a standalone bullish or bearish signal.
Insider Transaction Report
Form 4
Elastic N.V.ESTC
Exner Ken
Chief Product Officer
Transactions
- Award
Ordinary Shares
[F1]2026-06-08+48,616→ 271,344 total - Award
Ordinary Shares
[F2]2026-06-08+34,725→ 306,069 total - Award
Ordinary Shares
[F3]2026-06-08+72,417→ 378,486 total - Sale
Ordinary Shares
[F4]2026-06-09$60.61/sh−18,449$1,118,194→ 360,037 total
Footnotes (4)
- [F1]Represents ordinary shares earned with respect to an award of performance-based RSUs ("PSUs") granted on June 8, 2025, as determined based on the Issuer's achievement of specified performance goals. One-third of the PSUs vest on the determination date, and thereafter one-eighth of the remaining PSUs vest in quarterly installments beginning on September 8, 2026, contingent on the Reporting Person's continued service on such vesting date.
- [F2]Represents ordinary shares earned with respect to an award of PSUs granted on June 8, 2025, as determined based on the Issuer's achievement of specified performance goals. 20% of the PSUs vest on the one year anniversary of the date of grant, 20% vest on the two year anniversary of the date of grant, 30% vest on the three year anniversary of the date of grant and 30% vest on the four year anniversary of the date of grant, contingent on the Reporting Person's continued service on such vesting date.
- [F3]The ordinary shares are represented by restricted stock units ("RSUs"), which vest in sixteen equal quarterly installments beginning on September 8, 2026.
- [F4]The ordinary shares were sold to satisfy the Reporting Person's tax obligations in connection with the vesting of PSUs and 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.
Signature
/s/ Marielle Reints, by power of attorney|2026-06-10