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SEC EDGARSEP 151 min read$ESTC

Banon Shay sold $7.1M of ESTC

Banon Shay (Chief Technology Officer) sold 84,207 shares of Elastic N.V. (ESTC) at an average of $84.64 ($84.50–$85.30, $7.13M total) across 2 trades on 2026-09-14.

Original reporting
SEC EDGAR · Banon Shay
Published Sep 15, 2026, 8:28 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 15, 2026, 8:47 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
AlphAI market briefInsider activity
Primary signal
$ESTC
Bearish
medium confidence
Mentioned
$ESTC
Relevance
6/10
AlphAI data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$ESTCBearishLow
01

Why it matters

Provides fresh data on insider holdings and recent sale activity.

02

Market read

Insider sale of $7.1M may influence short-term price dynamics for ESTC.

03

What to watch

Sale executed via open market, not a 10b5-1 plan, could be personal liquidity need.

Relevance 6/10Novelty 7/10Timing: filing date 2026-09-15

Background

Form 4 filing discloses insider transactions required by SEC.

Company-level read

Ticker impact

$ESTCBearishMedium confidence
Context

CTO Banon Shay sold 84,207 shares for $7.1M, reducing his stake to 3.9M shares.

Expected impact

Potential modest downside pressure in the near term.

Evidence & confidence

A $7M sale by a senior officer is material and could influence investor perception.

Market effects

Sector

May affect perception of the cloud/search software sector.

Regional

Limited to US-listed tech equities.

Global

Low global impact.

Counterpoint

What could challenge this read

Insider may be diversifying; sale does not imply company weakness.

Key entities

  • company
    Elastic N.V.

    Provider of search and data analytics solutions.

  • person
    Banon Shay

    Chief Technology Officer of Elastic.

Read at source← All news

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

ESTC insider trading history →

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