Shay Banon - Sep 9, 2024 Form 4 Insider Report for Elastic N.V. (ESTC)

Role: Chief Technology Officer, Director
Signature: /s/ Marielle Reints, by power of attorney
Stock symbol: ESTC
Transactions as of: Sep 9, 2024
Transactions value $: -$187,287
Form type: 4
Date filed: 9/10/2024, 06:29 PM
Previous filing: Jun 25, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESTC	Ordinary Shares	Sale	-$187K	-2.67K	-0.06%	$70.25	4.54M	Sep 9, 2024	Direct	F1
holding	ESTC	Ordinary Shares						2.75M	Sep 9, 2024	By fund for joint account	F2

* 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.
F2	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.

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.

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.