Jonathan Chadwick - 01 Aug 2023 Form 4 Insider Report for Elastic N.V. (ESTC)

Role
Director
Signature
/s/ Marielle Reints, by power of attorney
Issuer symbol
ESTC
Transactions as of
01 Aug 2023
Net transactions value
-$1,160,938
Form type
4
Filing time
03 Aug 2023, 16:37:39 UTC
Previous filing
21 Jul 2023
Next filing
06 Sep 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 Options Exercise $496,750 +25,000 +323% $19.87 32,729 01 Aug 2023 Direct
transaction ESTC Ordinary Shares Sale $332,476 -5,069 -15% $65.59 27,660 01 Aug 2023 Direct F1, F2
transaction ESTC Ordinary Shares Sale $1,325,212 -19,931 -72% $66.49 7,729 01 Aug 2023 Direct F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ESTC Stock Option (right to buy) Options Exercise $0 -25,000 -25% $0.000000 75,000 01 Aug 2023 Ordinary Shares 25,000 $19.87 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 29, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.01 to $65.98, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 2 and 3 to this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.13 to $66.78, inclusive.
F4 The options are fully vested.