Director-Affiliated Entity Files to Sell $140.9M in Elastic Shares
ESTC has more than doubled off its 52-week low of $42.05.
Summary
A Director-affiliated entity filed to sell 1.5 million Elastic shares (~$140.9M), the largest insider sale notice in the 90-day window and a major addition to the ongoing distribution streak.
Key Events · Ownership and Investor Activity · ESTC
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Director Entity Files $140.9M Sale
CMXI B.V., beneficially owned by Director Steven Schuurman, filed a Form 144 to sell 1,500,000 shares (~$140.9M) on the NYSE.
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Largest Insider Sale in 90 Days
This filing is over 8x the CTO's $16.9M Form 144 and over 50x the CEO's $2.57M filing, making it the largest single insider sale notice in the 90-day window.
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Near-Zero Cost Basis
Shares were acquired in 2015 for EUR 7,290 and in 2020 via merger for EUR 0, meaning the sale represents near-total monetization of a long-held position.
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Deepens Insider Distribution Streak
Adds to the $98.3M net insider selling over the past 90 days, with 20 Form 144 filings in the same period.
Analysis · ESTC · Technology
A Form 144 filed by CMXI B.V., beneficially owned by Director Steven Schuurman, discloses plans to sell 1.5 million shares worth approximately $140.9 million. This is the largest insider sale notice in the 90-day window — more than eight times the CTO's $16.9M filing and over fifty times the CEO's $2.57M filing. The shares were acquired in 2015 and 2020 at essentially zero cost, so this represents a near-total monetization of a long-held position. Coming amid a heavy insider distribution streak ($98.3M net sold over 90 days), this filing materially deepens the overhang on the stock.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 37.9% of the 895 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.87%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ESTC was trading at $93.94 on NYSE in the Technology sector, with a market capitalization of approximately $9.9B. The 52-week trading range was $42.05 to $108.00. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.