Shay Banon - 08 Dec 2021 Form 4 Insider Report for Elastic N.V. (ESTC)

Role: CEO and Chairman, Director
Signature: /s/ W.H. Baird Garrett, by power of attorney
Issuer symbol: ESTC
Transactions as of: 08 Dec 2021
Transactions value $: -$254,828
Form type: 4
Filing time: 10 Dec 2021, 15:59:42 UTC
Previous filing: 25 Oct 2021
Next filing: 13 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESTC	Ordinary Shares	Award	$0	+26,548	+0.32%	$0	8,196,614	08 Dec 2021	Direct	F1
transaction	ESTC	Ordinary Shares	Sale	-$254,828	-2,074	-0.03%	$122.87	8,194,540	09 Dec 2021	Direct	F2

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	Employee Stock Option (right to buy)	Award	$0	+52,359		$0	52,359	08 Dec 2021	Ordinary Shares	52,359	$128.31	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The ordinary shares are represented by restricted stock units, or RSUs, which vest in sixteen equal quarterly installments beginning on March 8, 2022.
F2	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.
F3	The ordinary shares subject to the option vest in 48 equal monthly installments beginning on January 8, 2022.