Welihinda Navam 4

What Happened Welihinda Navam, Chief Financial Officer of Elastic N.V. (ESTC), was granted a total of 101,468 equity awards on June 8, 2026 (45,144 and 56,324 shares reported as awards at $0.00). On June 9, 2026 he disposed of 12,961 shares in an open-market sale at $60.61 per share, generating approximately $785,566. The grants are performance-based RSUs (PSUs) and time-based RSUs; the sale was to satisfy tax withholding and was not a discretionary cash sale.

Key Details

• Transaction dates and prices:
  • 2026-06-08: Awards of 45,144 and 56,324 ordinary shares (reported as $0.00 acquisition value).
  • 2026-06-09: Sale of 12,961 shares at $60.61, proceeds ≈ $785,566.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: The 56,324 (or one of the awards) represent PSUs granted June 8, 2025; one‑third vested on the determination date, remainder vests quarterly (one‑eighth of remainder) beginning Sept 8, 2026, contingent on continued service and performance.
  • F3: The other awards are RSUs vesting in 16 equal quarterly installments beginning Sept 8, 2026.
  • F2: Filing includes 113 ordinary shares bought under the Employee Stock Purchase Plan (Mar 15, 2026).
  • F4: The June 9 sale was a mandatory "sell-to-cover" to satisfy tax withholding required by the company’s equity plan and is not a discretionary trade by the CFO.
• Filing timeliness: Report period 2026-06-08, filed 2026-06-10 — appears timely (Form 4 is typically due within 2 business days).

Context The large awards are compensation (PSUs and RSUs) and depend on service and performance vesting schedules, so they represent potential future share issuance rather than an immediate purchase signal. The sale was a tax-withholding sell-to-cover tied to the vesting and does not necessarily indicate the insider’s view of the company’s prospects.