Elastic (ESTC) CTO Shay Banon Sells Shares

What Happened Shay Banon, Elastic N.V.'s Chief Technology Officer and a director, sold a total of 476,298 shares of Elastic (ESTC) in multiple transactions executed Aug 31–Sep 2, 2026, generating approximately $44.49 million in proceeds. The sales were reported as open-market or private sales (transaction code "S") and were broken into eight blocks with weighted-average prices ranging roughly from $89.71 to $97.75 per share.

Detailed blocks included: 108,423 shares at a $96.1695 weighted avg ($10.43M); 87,423 at $96.7658 ($8.46M); 4,154 at $97.7467 ($0.41M); 97,599 at $92.4760 ($9.03M); 13,528 at $93.4653 ($1.26M); 97,199 at $89.7063 ($8.72M); 42,456 at $90.6922 ($3.85M); and 25,516 at $91.6710 ($2.34M).

Key Details

• Transaction dates: Aug 31, Sep 1 and Sep 2, 2026.
• Total shares sold: 476,298; total gross proceeds: ~$44,492,545.
• Reported weighted-average prices per block: $96.1695; $96.7658; $97.7467; $92.4760; $93.4653; $89.7063; $90.6922; $91.6710. Individual trade price ranges for each block are noted in the Form 4 footnotes.
• Holdings after the transactions: not specified in the summary provided. Footnote: certain shares are held by a fund for the reporting person’s three minor children (the reporting person retains sole control and remains indirect beneficial owner).
• Filing: Form 4 filed on Sep 2, 2026 (no indication in the filing provided that the report was late).
• Reporting note: The filer offers to provide per-price breakdowns within the ranges listed in the footnotes upon request.

Context

• These were outright sales (S) — routine insider selling can reflect diversification or liquidity needs; it is not, by itself, an indicator of company performance.
• No options exercises, awards, or gifts were reported in this filing.