Director-Affiliated Entity Files to Sell 2M More Elastic Shares (~$191M)
ESTC has more than doubled off its 52-week low of $42.05 on light trading volume (0.1× avg).
Summary
A Director-affiliated entity filed to sell 2 million Elastic shares (~$191M), adding to a 1.5M share sale disclosed 10 days earlier and extending a heavy insider selling streak.
Key Events · Ownership and Investor Activity · ESTC
-
2M Share Sale Notice
CMXI B.V., a Director-affiliated entity, filed to sell 2,000,000 Elastic shares (~$191.0M) through Goldman Sachs, with an approximate sale date of October 12, 2026.
-
Follows 1.5M Share Sale
This filing comes 10 days after the same entity disclosed a 1.5M share sale (~$140.9M) on October 3, 2026, bringing the combined recent sales to 3.5M shares.
-
Insider Selling Streak
The 90-day insider activity shows $234.4M in open-market sales with zero purchases, indicating sustained distribution by insiders.
-
Long-Held Positions
The shares were acquired in 2015 (7.29M shares for EUR 7,290) and 2020 (5.19M shares via merger), suggesting monetization of long-held positions.
Analysis · ESTC · Technology
A substantial insider distribution is unfolding at Elastic N.V. CMXI B.V., a Director-affiliated entity beneficially owned by Steven Schuurman, has filed to sell 2,000,000 shares worth approximately $191 million. This follows just 10 days after the same entity disclosed a 1.5 million share sale (~$140.9M) on October 3, 2026. The combined 3.5 million shares add to a 90-day insider selling streak that has already totaled over $234 million. The sale is being executed through Goldman Sachs, and the shares were acquired as early as 2015 and 2020, suggesting long-held positions are being monetized.
How filings like this one have moved
In the 30 days to Oct 13, 2026, 36.5% of the 995 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.63%. 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 $96.07 on NYSE in the Technology sector, with a market capitalization of approximately $10.1B. 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.