Ashutosh Kulkarni - 09 Mar 2023 Form 4 Insider Report for Elastic N.V. (ESTC)

Role
Chief Executive Officer
Signature
/s/ Marielle Reints, by power of attorney
Issuer symbol
ESTC
Transactions as of
09 Mar 2023
Transactions value $
-$705,088
Form type
4
Date filed
13 Mar 2023, 16:59
Previous filing
12 Dec 2022
Next filing
13 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESTC Ordinary Shares Sale -$705K -12.1K -3.41% $58.28 343K 09 Mar 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The ordinary shares were sold to satisfy the Reporting Person's tax obligations in connection with the vesting of restricted stock units. This sale was 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.