$ESTC · Elastic N.V.
Director Steven Schuurman reported the sale of 2,000,000 Elastic N.V. shares at $94.15 per share, for a total disposition of $188,300,000. The transaction was not executed under a 10b5-1 trading plan. Post-sale, Schuurman holds 2,504,600 shares.
- Director Steven Schuurman sold 2,000,000 shares at $94.15 each, totaling $188,300,000.
- The sale was not executed under a 10b5-1 trading plan.
- Post-transaction, Schuurman retains 2,504,600 shares.
- The $188.3M disposal represents a substantial reduction in his position.
Extended-hours trading shows ESTC at $94.32, essentially flat vs the filing-time price. A $188.3M director sale without a 10b5-1 plan may weigh on sentiment when the regular session opens.
A $188.3M discretionary director sale without a 10b5-1 plan is a rare, high-dollar insider signal that demands investor attention.
_Not applicable._
The absence of a 10b5-1 plan means this was a discretionary sale, not a pre-scheduled one — raising questions about the director's near-term outlook.
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