ESTCElastic N.V. · Insider ownership research

Elastic N.V. insiders sold $248M in the past 12 months. How much of their stake is that?

Insiders sold $248M in the past 12 months.0.2% was sold under disclosed trading plans, 7% to cover taxes, 93% with no plan disclosed. The largest seller, Steven Schuurman (Director), sold $135M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 13, 2026 from SEC filings · covers Oct 14, 2025 to Oct 13, 2026

1

buyer among officers and directors (3 trades), past 12 months

0.2%

of sales were under disclosed trading plans, past 12 months

8 of 13

officers and directors sold shares, past 12 months

Is this normal? More than usual: about 1.6x the 5-year average. 8 insiders sold; the average is 8 a year. Year by year

Latest filing: Filed Oct 6 for a sale on Oct 5. Steven Schuurman sold 1.50M shares ($135M) with no plan disclosed. Filing

SEC ownership filings: 42 filed in the 12 months to Oct 13, 2026; 400 on record since Oct 4, 2018 · See the evidence

What stands out

Three insiders sold $228M with no disclosed plan: Steven Schuurman ($135M), Shay Banon ($91.7M) and Mark Dodds ($1.4M). The filings don't state a reason.Steven Schuurman: largest such sale, Oct 5, 2026 · Shay Banon: largest such sale, Sep 9, 2026 · Mark Dodds: largest such sale, Oct 2, 2026

Paul Auvil III bought 10K shares for $710K, first on Dec 1, 2025.Purchase, Dec 1, 2025

Selling picked up in the last 90 days: officers and directors sold 2.59M shares, against an average of 69K per 90 days earlier in the period. Most of it was Steven Schuurman (1.50M shares in the last 90 days) and Shay Banon (1.01M shares in the last 90 days); 0% of these sales were under disclosed plans.Steven Schuurman: largest recent sale, Oct 5, 2026 · Shay Banon: largest recent sale, Sep 9, 2026

A share of stake is shown for 0 of the 8 officers and directors who sold. 13 are left out

i

Left out: Shay Banon, Steven Schuurman, Ashutosh Kulkarni, Ken Exner, Mark Dodds, Navam Welihinda, Carolyn Herzog, Jane Bone, Paul Auvil III, Caryn Marooney, Chetan Puttagunta, Alison Gleeson and Shelley Leibowitz (share of stake is being verified).

Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Steven Schuurman

Director

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$135MNo plan disclosed

Shay Banon

Chief Technology Officer, Director

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$93.4M2% to cover taxes 98% no plan disclosed

Ashutosh Kulkarni

Chief Executive Officer, Director

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$7.8M5% planned, 95% to cover taxes

Mark Dodds

Chief Revenue Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$3.9M65% to cover taxes 35% no plan disclosed

Carolyn Herzog

Chief Legal Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$2.6M64% to cover taxes 36% no plan disclosed

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosedOne dollar scale for every month; the tallest bar is labeled

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026

Oct 5, 2026Steven Schuurman sold 1.50M shares ($135M) with no plan disclosed.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Steven Schuurman Director	1,500,000	$90.13	n/a	n/a	Oct 5, 2026	Oct 6, 2026

Oct 2, 2026Mark Dodds sold 10K shares ($926K) with no plan disclosed.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Mark Dodds Chief Revenue Officer	10,000	$92.58	n/a	n/a	Oct 2, 2026	Oct 6, 2026

Sep 29, 2026Ashutosh Kulkarni gave away 2.8K shares as a gift.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Ashutosh Kulkarni Chief Executive Officer, Director	2,778	n/a	n/a	n/a	Sep 29, 2026	Oct 1, 2026

Sep 14, 2026Shay Banon sold 84K shares ($7.1M) with no plan disclosed.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Shay Banon Chief Technology Officer, Director	84,207	$84.64	n/a	n/a	Sep 14, 2026	Sep 15, 2026

"% of total stake" is the shares in an event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings are not confirmed, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Common questions

Is the Elastic N.V. CEO selling stock?

Yes. Ashutosh Kulkarni sold 113K shares ($7.8M) in the past 12 months, 5% of it under a trading plan disclosed in the filings.

Why are Elastic N.V. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0.2% of sales by value ran under 10b5-1 trading plans disclosed in the filings, 7% were to cover taxes and 93% had no disclosed plan. A trading plan schedules sales in advance.

Are any Elastic N.V. insiders buying?

Yes. 1 officer or director reported 3 purchases in the past 12 months (Form 4 code P; rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust are not counted).

The evidence

Who sold8 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
Steven Schuurman Director	$135M 1.50M shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Shay Banon Chief Technology Officer, Director	$93.4M 1.02M shares	Not confirmed share of stake is being verified. Why	2% to cover taxes 98% no plan disclosed
Ashutosh Kulkarni Chief Executive Officer, Director	$7.8M 113K shares	Not confirmed share of stake is being verified. Why	5% under a disclosed plan, 95% to cover taxes
Mark Dodds Chief Revenue Officer	$3.9M 53K shares	Not confirmed share of stake is being verified. Why	65% to cover taxes 35% no plan disclosed
Carolyn Herzog Chief Legal Officer	$2.6M 34K shares	Not confirmed share of stake is being verified. Why	64% to cover taxes 36% no plan disclosed
Navam Welihinda Chief Financial Officer	$2.1M 31K shares	Not confirmed share of stake is being verified. Why	4% under a disclosed plan, 96% to cover taxes
Ken Exner Chief Product Officer	$1.8M 29K shares	Not confirmed share of stake is being verified. Why	To cover taxes
Jane Bone Gvp & CAO	$915K 11K shares	Not confirmed share of stake is being verified. Why	47% to cover taxes 53% no plan disclosed

The full ownership picture0 of 13 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider

Held Oct 13, 2025

Sold

Held Oct 13, 2026

Still held

Shay Banon

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Shay Banon are complete.

Chief Technology Officer, Director

n/a

−1.02M

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Shay Banon

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Shay Banon are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Steven Schuurman

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Steven Schuurman are complete.

Director

n/a

−1.50M

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Steven Schuurman

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Steven Schuurman are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Ashutosh Kulkarni

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ashutosh Kulkarni are complete.

Chief Executive Officer, Director

n/a

−113K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Ashutosh Kulkarni

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ashutosh Kulkarni are complete; balances and unit counts will be added when the check is finished.

−2.8Kgifted (net of own trusts)

Ken Exner

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ken Exner are complete.

Chief Product Officer

n/a

−29K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Ken Exner

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ken Exner are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Mark Dodds

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Mark Dodds are complete.

Chief Revenue Officer

n/a

−53K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Mark Dodds

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Mark Dodds are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Navam Welihinda

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Navam Welihinda are complete.

Chief Financial Officer

n/a

−31K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Navam Welihinda

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Navam Welihinda are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Carolyn Herzog

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Carolyn Herzog are complete.

Chief Legal Officer

n/a

−34K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Carolyn Herzog

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Carolyn Herzog are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
23,620	$78.30	Jun 7, 2032	$279K

Estimate: options held × ($90.13 − strike price), using the most recent insider trade price on Form 4 (Oct 5, 2026), not a market close.

Jane Bone

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jane Bone are complete.

Gvp & CAO

n/a

−11K

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Jane Bone

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jane Bone are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Paul Auvil III

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Paul Auvil III are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Paul Auvil III

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Paul Auvil III are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Caryn Marooney

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Caryn Marooney are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Caryn Marooney

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Caryn Marooney are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Chetan Puttagunta

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Chetan Puttagunta are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Chetan Puttagunta

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Chetan Puttagunta are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Alison Gleeson

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Alison Gleeson are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Alison Gleeson

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Alison Gleeson are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Shelley Leibowitz

!

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Shelley Leibowitz are complete.

Director

n/a

0

n/a

n/a

Vesting, gifts, unvested awards and holding lines for Shelley Leibowitz

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Shelley Leibowitz are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for Elastic N.V. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$248M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $248M across 2,795,756 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

Disclosed plan · $451K · 0.2%

99.8%

The lighter segment is sales with no plan disclosed in the filing ($247M), including tax-related sales outside a plan.

No plan disclosed · $230M

Sales with no 10b5-1 plan and no tax reference in the filing. $135M of it is Steven Schuurman. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Steven Schuurman, Oct 5, 2026

Taxes

$17.7M of sales (7.2%) cite tax obligations in their footnotes. Example: Jane Bone, Sep 9, 2026

Purchases · 1 buyer (3 trades)

1 officer or director bought shares in this period, in 3 trades(Form 4 code P, leaving out rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust). Across all their filings on record there are 8 purchase trades.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
Steven Schuurman Director	1.50M	$135M	0%	55%	Oct 5, 2026 to Oct 5, 2026
Shay Banon Chief Technology Officer, Director	1.02M	$93.4M	0%	38%	Dec 9, 2025 to Sep 14, 2026
Ashutosh Kulkarni Chief Executive Officer, Director	113K	$7.8M	5%	3%	Dec 9, 2025 to Sep 9, 2026
Mark Dodds Chief Revenue Officer	53K	$3.9M	0%	2%	Dec 5, 2025 to Oct 2, 2026
Carolyn Herzog Chief Legal Officer	34K	$2.6M	0%	1%	Dec 9, 2025 to Sep 9, 2026
Navam Welihinda Chief Financial Officer	31K	$2.1M	4%	0.9%	Dec 9, 2025 to Sep 9, 2026
Ken Exner Chief Product Officer	29K	$1.8M	0%	0.7%	Dec 9, 2025 to Jun 9, 2026
Jane Bone Gvp & CAO	11K	$915K	0%	0.4%	Dec 9, 2025 to Sep 9, 2026

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$0	$0	$0	$0
Nov 2025	$0	$0	$0	$0
Dec 2025	$4.5M	$451K	$3.7M	$433K
Jan 2026	$95K	$0	$0	$95K
Feb 2026	$0	$0	$0	$0
Mar 2026	$2.0M	$0	$2.0M	$0
Apr 2026	$0	$0	$0	$0
May 2026	$0	$0	$0	$0
Jun 2026	$6.7M	$0	$6.7M	$0
Jul 2026	$0	$0	$0	$0
Aug 2026	$19.3M	$0	$0	$19.3M
Sep 2026	$79.1M	$0	$5.4M	$73.7M
Oct 2026	$136M	$0	$0	$136M

Is this normal? Selling year by year5 earlier years to compare with

More than usual: about 1.6x the 5-year average. 8 insiders sold; the average is 8 a year.

12 months ending	Shares sold	Insiders who sold	Proceeds
Oct 13, 2026 Latest 12 months	2.80M	8	$248M
Oct 13, 2025 1 year earlier	3.50M	9	$377M
Oct 13, 2024 2 years earlier	1.82M	10	$186M
Oct 14, 2023 3 years earlier	491K	6	$34.4M
Oct 14, 2022 4 years earlier	354K	6	$56.5M
Oct 14, 2021 5 years earlier	2.32M	7	$340M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty13 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Elastic N.V. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology400 filings on record, 42 filed in the 12-month period, and how we read them

All 400 Forms 3, 4 and 5 on record for Elastic N.V. (SEC CIK 1707753), filed from Oct 4, 2018 to Oct 6, 2026; 42 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (21)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
Eric Prengel	Dec 17, 2024	1,765 shares, last reported balance as of Dec 14, 2024
Janesh Moorjani	Dec 11, 2024	251,523 shares, last reported balance as of Dec 9, 2024
Sohaib Abbasi	Oct 2, 2024	8,574 shares, last reported balance as of Oct 1, 2024
Jonathan Chadwick	Oct 4, 2023	7,729 shares, last reported balance as of Oct 2, 2023
W.H Garrett	Dec 10, 2021	47,649 shares, last reported balance as of Dec 9, 2021
Paul Appleby	Dec 10, 2021	62,727 shares, last reported balance as of Dec 8, 2021
Peter Fenton	Sep 29, 2021	521,154 shares, last reported balance as of Sep 28, 2021
Peter Fenton	Sep 29, 2021	5,608,399 shares, last reported balance as of Jun 12, 2019
Kevin Kluge	Aug 14, 2020	531,188 shares, last reported balance as of Aug 13, 2020
Aaron Katz	Feb 5, 2020	326,325 shares, last reported balance as of Feb 4, 2020
Michelangelo Volpi	Jan 15, 2020	6,585,532 shares, last reported balance as of Dec 13, 2019
Michelangelo Volpi	Jan 15, 2020	15,439,105 shares, last reported balance as of Dec 9, 2019
Benchmark Capital Management Co. VII, L.L.C.	Jun 14, 2019	6,316,577 shares, last reported balance as of Jun 14, 2019
Steven Spurlock	Jun 14, 2019	5,661,314 shares, last reported balance as of Jun 13, 2019
Bruce Dunlevie	Jun 14, 2019	8,394,532 shares, last reported balance as of Mar 12, 2019
Hexavest Sarl	Oct 10, 2018	6,571,709 shares, last reported balance as of Oct 10, 2018
Peter Barris	Oct 10, 2018	6,353,498 shares, last reported balance as of Oct 10, 2018
Forest Baskett	Oct 10, 2018	6,353,498 shares, last reported balance as of Oct 10, 2018
David Mott	Oct 10, 2018	6,353,498 shares, last reported balance as of Oct 10, 2018
Scott Sandell	Oct 10, 2018	6,353,498 shares, last reported balance as of Oct 10, 2018
Ravi Viswanathan	Oct 10, 2018	6,353,498 shares, last reported balance as of Oct 10, 2018

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.