Carolyn Herzog - Mar 10, 2025 Form 4 Insider Report for Elastic N.V. (ESTC)

Role: Chief Legal Officer
Signature: /s/ Marielle Reints, by power of attorney
Stock symbol: ESTC
Transactions as of: Mar 10, 2025
Transactions value $: -$743,098
Form type: 4
Date filed: 3/12/2025, 06:05 PM
Previous filing: Dec 11, 2024
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	-$303K	-3.33K	-3.81%	$90.78	84.2K	Mar 10, 2025	Direct	F1
transaction	ESTC	Ordinary Shares	Sale	-$440K	-4.5K	-5.35%	$97.88	79.7K	Mar 11, 2025	Direct

* 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 ("RSUs") and performance-based 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.

Content

The ordinary shares were sold to satisfy the Reporting Person's tax obligations in connection with the vesting of restricted stock units ("RSUs") and performance-based 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.