Shay Banon - 08 Jun 2024 Form 4 Insider Report for Elastic N.V. (ESTC)

Signature
/s/ Marielle Reints, by power of attorney
Issuer symbol
ESTC
Transactions as of
08 Jun 2024
Transactions value $
$-578,021
Form type
4
Filing time
11 Jun 2024, 17:18:59 UTC
Previous filing
22 Mar 2024
Next filing
13 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESTC Ordinary Shares Award $0 +10,629 +0.24% $0.000000 4,529,343 08 Jun 2024 Direct F1
transaction ESTC Ordinary Shares Award $0 +21,773 +0.48% $0.000000 4,551,116 08 Jun 2024 Direct F2
transaction ESTC Ordinary Shares Sale $-578,021 -5,260 -0.12% $109.89 4,545,856 10 Jun 2024 Direct F3
holding ESTC Ordinary Shares 3,054,978 08 Jun 2024 By fund for joint account F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents ordinary shares earned with respect to an award of performance-based RSUs ("PSUs") granted on June 8, 2023, as determined based on the Issuer's achievement of specified performance goals. One-third of the PSUs vest on the determination date, and thereafter one-eighth of the remaining PSUs vest in quarterly installments beginning on September 8, 2024, contingent on the Reporting Person's continued service on such vesting date.
F2 The ordinary shares are represented by restricted stock units ("RSUs"), which vest in sixteen equal quarterly installments beginning on September 8, 2024.
F3 The ordinary shares were sold to satisfy the Reporting Person's tax obligations in connection with the vesting of PSUs and RSUs. The sales were 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.
F4 Held by a fund for joint account (the "fund") owned by the Reporting Person's three minor children. The Reporting Person continues to have sole control of such fund and remains the indirect beneficial owner of the shares owned by such fund.