Elastic N.V. Insider Selling: Shay Banon Trims Stake

A Form 4 filed with the SEC shows Shay Banon, CTO at Elastic N.V. (ESTC), sold 161,787 shares of company stock on 2026-09-09.

The transaction was executed at a price of $86.76 per share, for a total value of approximately $14.0 million.

Under SEC rules, corporate insiders — officers, directors, and holders of more than 10% of a company's shares — are required to report changes in their ownership within two business days of the transaction via Form 4.

Insider sales are common and can occur for reasons unrelated to a company's outlook, including scheduled trading plans, diversification, or personal financial planning.