$ESTC · Elastic N.V.
Elastic N.V. CTO Shay Banon reported the sale of 84,207 shares across two transactions on the open market, generating $7,127,560 in proceeds. The sales were executed at prices of $84.50 and $85.30 per share. No 10b5-1 trading plan was indicated.
- CTO Shay Banon sold 84,207 shares for $7,127,560 total across two trades at $84.50 and $85.30.
- No 10b5-1 trading plan was indicated — sales were discretionary.
- Banon remains a director and officer, holding 3,910,563 shares after the sales.
- The sales represent approximately 2.1% of Banon's total position.
Stock is down 2.51% since filing at $87.35 to current $85.16 in after-hours. The modest decline is consistent with routine insider selling by a named executive, though the absence of a 10b5-1 plan may draw additional scrutiny.
Discretionary $7.1M sale by a founder-CTO without a 10b5-1 plan is notable even against a large remaining stake.
_Not applicable._
Discretionary sale by CTO without a 10b5-1 plan could signal reduced confidence, though post-sale ownership of 3.9M shares remains substantial.
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