Elastic (ESTC) CTO Shay Banon Sells 284,285 Shares

What Happened

• Shay Banon, Chief Technology Officer and director of Elastic N.V. (ESTC), sold a total of 284,285 shares in open-market transactions on September 3–4, 2026. The sales were executed at prices ranging roughly from $92.00 to $95.20 per share (weighted average prices reported per lot), generating approximately $26.63 million in gross proceeds. All reported transactions are dispositions (sales), not purchases or option exercises.

Key Details

• Transaction dates: September 3–4, 2026; Form 4 filed September 8, 2026.
• Aggregate shares sold: 284,285; aggregate proceeds: $26,628,994 ($26.63M).
• Reported per-lot weighted average prices and ranges (footnotes): trades show weighted averages between ~$92.39 and ~$95.06 with individual trade prices reported in the $92.00–$95.20 range. Specific lot sizes and amounts were disclosed in the filing.
• Indirect ownership note: filing includes a footnote that some shares are held in a fund for the reporting person’s three minor children, which Banon controls and continues to be the indirect beneficial owner of (footnote F11).
• Timeliness: Form 4 was filed on Sep 8. Because Form 4s are generally due within two business days of the trade, the Sep 3 trades appear to have been filed after the typical two-business-day deadline; Sep 4 trades were filed within that window.

Context

• These were open-market sales (dispositions), which are common for insiders for reasons such as diversification, tax planning, or liquidity; sales do not, by themselves, indicate company performance or insider sentiment.
• The filing provides weighted-average prices and price ranges for each block and offers to provide detailed per-trade pricing on request to the company, shareholders, or the SEC staff. For exact post-transaction holdings or per-trade breakdowns, consult the full Form 4 filing (Accession 0001123292-26-001248).