$ESTC · Elastic N.V.
Elastic N.V. CTO and director Shay Banon reported six open-market sales totaling 161,787 shares for $14,035,853.38 at prices between $85.16 and $88.28. No 10b5-1 trading plan was indicated. Banon retains 3,994,770 shares following the transactions.
- CTO Shay Banon sold 161,787 shares for $14,035,853.38 across six transactions at prices ranging from $85.16 to $88.28.
- No 10b5-1 trading plan was indicated for these sales.
- Banon retains 3,994,770 shares after the disposals.
- The sales represent a small fraction of Banon's total holdings.
- Banon serves as both CTO and a director of Elastic N.V.
Markets closed — no regular-session reaction yet. The stock was up 0.51% from filing time at $83.39, suggesting limited immediate concern over the insider sale.
A CTO/director selling $14M without a 10b5-1 plan raises questions about insider confidence, though retained holdings of ~4M shares temper the signal.
_Not applicable._
No 10b5-1 plan was used, meaning these were discretionary sales by a top insider with full visibility into company operations.
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