Steven Schuurman, a director of Elastic N.V. ($ESTC), reported the sale of 1,500,000 shares of common stock at $90.13 per share on October 5, 2026. The open-market transaction totaled $135,195,000. The Form 4 was filed with the SEC on October 6, one day after the trade, and listed 4,504,600 shares remaining after the sale. Shares of $ESTC closed at $94.91 on the trade date.
The filing is the only $ESTC trade recorded for Schuurman in the InsiderTradingTracker database, so there is no earlier Form 4 history — purchase or sale — on the ticker for comparison.
The transaction was the largest in a sequence of recent open-market sales by Elastic insiders. On September 14, 2026, Chief Technology Officer Shay Banon sold 69,121 shares at $84.50 and 15,086 shares at $85.30, a combined total of roughly $7.1 million. On September 9, 2026, Chief Executive Officer Ashutosh Kulkarni sold 29,227 shares at $87.78 ($2,565,546), Chief Revenue Officer Mark Eugene Dodds sold 9,673 shares at $87.78 ($849,096), and Vice President Jane E. Bone sold 1,542 shares at $87.78 ($135,357). Bone also sold 4,176 shares at $93.48 ($390,372) on September 1, 2026, and 1,187 shares at $80.31 ($95,334) on January 9, 2026.
Selling was also reported in December 2025 and March 2026. On December 9, 2025, Kulkarni sold 20,413 shares at $75.05 ($1,531,996), Chief Financial Officer Navam Welihinda sold 4,327 shares at $75.05 ($324,741), Banon sold 4,552 shares at $75.05 ($341,628), Chief Legal Officer Carolyn Herzog sold 5,353 shares at $75.05 ($401,743), Chief Product Officer Ken Exner sold 6,544 shares at $75.05 ($491,127), and Bone sold 2,408 shares at $75.05 ($180,720). Kulkarni also sold three additional lots on December 15, 2025 — 3,200 shares at $74.07, 1,300 shares at $75.29, and 500 shares at $76.17 — for a combined $372,986. By contrast, Director Paul R. Auvil III reported open-market purchases on December 1, 2025, acquiring 10,000 shares across three trades for about $710,230. On March 9, 2026, Kulkarni sold 17,756 shares at $52.28 ($928,284), Welihinda sold 3,240 shares at $52.28 ($169,387), and Banon sold 4,283 shares at $52.28 ($223,915).
On the congressional disclosure side, the database shows Representative Ro Khanna reported multiple $ESTC trades in prior years, including purchases in 2022 and 2024 and sales in 2022 and 2025, with midpoint values of $1,001 for the smaller brackets and $15,001 for the January 2025 sale. Congressional dollar amounts are midpoint estimates of bracketed ranges disclosed under the STOCK Act. The most recent congressional entry for the ticker was a sale by Representative Rob Bresnahan, disclosed on June 23, 2025, with a $1,001 midpoint. None of the congressional $ESTC disclosures approached the scale of the October 5 insider sale.