The CTO's large open-market sale without a 10b5-1 plan is the most concerning signal. Monitor for any material news or guidance changes in the next 8-K or earnings release that could explain the timing. The absence of insider buying reinforces a cautious view.
Price Chart
Executive Summary
Elastic N.V. (ESTC) saw a cluster of insider sales totaling $3.08M over a 7-day window, including a $2.34M open-market sale by CTO Shay Banon on September 2, 2026. The total sales represent approximately 0.9% of market cap, a modest but notable amount. The cluster is dominated by the CTO's sales, which are not clearly plan-driven and may signal a lack of confidence ahead of the next earnings report.
Key Financial Metrics
Key Facts
- CTO Shay Banon sold 165,171 shares for $14.9M in open-market sales on September 2, 2026.
- Total insider sales of $3.08M represent ~0.9% of market cap.
- Sales by CTO, CAO, and CLO occurred over a 7-day window, with no offsetting purchases.
- No 10b5-1 plan indication for the CTO's large sale, suggesting a discretionary decision.
Financial Impact
Total insider sales of $3.08M, with CTO Banon's share at $14.9M (including prior day sales).
Risk Factors
- Insider sales may be liquidity-driven or part of a pre-arranged plan not disclosed in the filing.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ESTC-1788900265433 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 6d ago | 3 | $95.63 $98.81 | ▲ +3.33% | ▲ +2.80% | $106.26 (+11.12%) |
Oct 13, 2026 13d ago | 144 | $94.32 $92.06 | ▲ +2.40% | ▲ +1.32% | $106.26 (−12.66%) |
Oct 6, 2026 20d ago | SC 13D | $94.60 $93.10 | ▼ −1.59% | ▼ −1.35% | $106.26 (+12.33%) |
Sep 15, 2026 5w ago | Insider Cluster | $85.03 $88.97 | ▲ +4.63% | ▲ +3.50% | $106.26 (+24.97%) |
Sep 11, 2026 6w ago | Insider Cluster | $85.11 $85.16 | ▲ +0.06% | ▲ +0.52% | $106.26 (+24.86%) |
Sep 10, 2026 6w ago | Insider Cluster | $83.39 $85.11 | ▲ +2.06% | ▲ +2.51% | $106.26 (+27.43%) |
Sep 9, 2026 6w ago | 144 | $83.48 $83.39 | ▼ −0.11% | ▼ −0.96% | $106.26 (+27.29%) |
Sep 8, 2026 6w ago | Insider Cluster | $86.58 $83.48 | ▲ +3.58% | ▲ +2.98% | $106.26 (−22.74%) |
Sep 2, 2026 7w ago | Insider Cluster | $96.04 $91.58 | ▼ −4.64% | ▼ −4.26% | $106.26 (+10.64%) |
Jun 24, 2026 17w ago | 8-K | $53.60 $56.24 | ▲ +4.93% | ▲ +5.65% | $106.26 (+98.26%) |
US Market Status
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