Exner Ken sold ESTC
March 11, 2024 · Form 4 insider transaction
Exner Ken sold 2,529 shares of Elastic N.V. at $103.28 per share, a transaction worth $261.2K. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 2 days after the transaction.
Direction
Disposed (sell-side)
Shares
2,529
Price
$103.28
Total value
$261.2K
InsiderExner Ken
Role—
CompanyElastic N.V. (ESTC)
SecurityOrdinary Shares
Transaction codeS: Open-market sale
Transaction dateMarch 11, 2024
Filing dateMarch 13, 2024
Shares owned after141,620
OwnershipDirect
10b5-1 planNo
AmendedNo
Footnotes
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.