Form 4: Elastic CTO Sells Shares
Insider Transaction (Form 4)
Shay Banon, Chief Technology Officer and a Director of Elastic N.V., sold 476,298 shares of common stock on August 31, 2026.
Summary
- Open-market sale: disposed of 108,423 Ordinary Shares at $96.17 ($10,427,040) on August 31, 2026; holds 1,946,555 after (Indirect).
- Open-market sale: disposed of 87,423 Ordinary Shares at $96.77 ($8,459,924) on August 31, 2026; holds 1,859,132 after (Indirect).
- Open-market sale: disposed of 4,154 Ordinary Shares at $97.75 ($406,054) on August 31, 2026; holds 1,854,978 after (Indirect).
- Open-market sale: disposed of 97,599 Ordinary Shares at $92.48 ($9,025,956) on September 1, 2026; holds 1,757,379 after (Indirect).
- Open-market sale: disposed of 13,528 Ordinary Shares at $93.47 ($1,264,462) on September 1, 2026; holds 1,743,851 after (Indirect).
- Open-market sale: disposed of 97,199 Ordinary Shares at $89.71 ($8,719,722) on September 2, 2026; holds 1,646,652 after (Indirect).
- Open-market sale: disposed of 42,456 Ordinary Shares at $90.69 ($3,850,335) on September 2, 2026; holds 1,604,196 after (Indirect).
- Open-market sale: disposed of 25,516 Ordinary Shares at $91.67 ($2,339,052) on September 2, 2026; holds 1,578,680 after (Indirect).
Sentiment
Score: 2
Explanation: StockSavvy.ai views this as a mildly negative signal: an insider sold $44,492,543 of stock on the open market.
Insider Transactions
Shay Banon — Director, Officer (Chief Technology Officer)
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-31 | Open-market sale | Ordinary Shares | 108,423 | $96 | $10.4M | 1,946,555 |
| 2026-08-31 | Open-market sale | Ordinary Shares | 87,423 | $97 | $8.5M | 1,859,132 |
| 2026-08-31 | Open-market sale | Ordinary Shares | 4,154 | $98 | $406.1K | 1,854,978 |
| 2026-09-01 | Open-market sale | Ordinary Shares | 97,599 | $92 | $9.0M | 1,757,379 |
| 2026-09-01 | Open-market sale | Ordinary Shares | 13,528 | $93 | $1.3M | 1,743,851 |
| 2026-09-02 | Open-market sale | Ordinary Shares | 97,199 | $90 | $8.7M | 1,646,652 |
| 2026-09-02 | Open-market sale | Ordinary Shares | 42,456 | $91 | $3.9M | 1,604,196 |
| 2026-09-02 | Open-market sale | Ordinary Shares | 25,516 | $92 | $2.3M | 1,578,680 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-31 | Open-market sale (108,423 shares) |
| 2026-08-31 | Open-market sale (87,423 shares) |
| 2026-08-31 | Open-market sale (4,154 shares) |
| 2026-09-01 | Open-market sale (97,599 shares) |
| 2026-09-01 | Open-market sale (13,528 shares) |
| 2026-09-02 | Open-market sale (97,199 shares) |
| 2026-09-02 | Open-market sale (42,456 shares) |
| 2026-09-02 | Open-market sale (25,516 shares) |
Keywords
insider transaction, Form 4, ESTC, Elastic N.V., bearish, Shay Banon
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