$ESTC · Elastic N.V.
Director Steven Schuurman reported the sale of 1,500,000 shares of Elastic N.V. (ESTC) at $90.13 per share, for total proceeds of $135,195,000. The transaction was not executed under a 10b5-1 trading plan.
- Director Steven Schuurman sold 1,500,000 shares at $90.13 each, totaling $135,195,000.
- The sale was not executed under a 10b5-1 trading plan.
- Post-transaction, Schuurman retains 4,504,600 shares.
- The transaction represents a significant dollar-value disposal by a non-officer director.
Extended-hours trading shows ESTC at $94.42, down 0.19% from the regular close of $94.60. The $135.2M sale by a director without a 10b5-1 plan may weigh on sentiment, though the size relative to the $9.83B market cap limits the overhang.
A $135M discretionary insider sale by a sitting director is a high-dollar signal that warrants investor attention, even with substantial retained holdings.
_Not applicable._
The absence of a 10b5-1 plan means this was a discretionary sale, not a pre-scheduled one, which can signal reduced insider confidence.
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