Elastic (ESTC) CTO Shay Banon Sells 84,207 Shares

What Happened
Shay Banon, Chief Technology Officer and a director of Elastic N.V. (ESTC), sold a total of 84,207 shares in open-market transactions on September 14, 2026 for gross proceeds of roughly $7.13 million. The sales consisted of 69,121 shares at a weighted average price near $84.50 (reported as $84.4995) and 15,086 shares at a weighted average price near $85.30 (reported as $85.3037).

Key Details

• Transaction date: September 14, 2026; Form 4 filed September 15, 2026 (filed the next day; appears timely).
• Sales: 69,121 shares @ weighted avg ~$84.4995 (prices ranged $84.00–$84.99 per footnote) = $5,840,725; 15,086 shares @ weighted avg ~$85.3037 (prices ranged $85.00–$85.53) = $1,286,836. Total ≈ $7.13M.
• Transaction code: S = Sale (open-market/private sale).
• Shares owned after transaction: Not specified in the excerpt provided.
• Notable footnotes: F1 and F2 note weighted-average pricing and price ranges for multiple trades and offer to provide per-price breakdowns on request; F3 indicates some shares are held by a fund for the reporting person’s three minor children, for which Banon retains sole control and remains the indirect beneficial owner.

Context
Insider sales are common and can occur for many reasons (diversification, taxes, liquidity needs, etc.). A sale does not by itself signal management sentiment about the company’s outlook. This filing documents a routine insider disposal rather than an acquisition or option exercise.