Elastic CEO Kulkarni Files Form 144 to Sell $2.57M in Shares
ESTC has more than doubled off its 52-week low of $42.05.
Summary
Elastic CEO Ashutosh Kulkarni filed a Form 144 to sell 29,227 shares (~$2.57M) acquired via equity vesting, joining CTO Shay Banon in a heavy insider selling streak.
Key Events · Ownership and Investor Activity · ESTC
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CEO Files Form 144
CEO Ashutosh Kulkarni filed to sell 29,227 ordinary shares (~$2.57M) on September 9, 2026, acquired via equity vesting on September 8.
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New Insider Joins Selling Streak
This is the CEO's first Form 144 in the recent pattern, distinct from CTO Shay Banon's $44.5M and $26.6M sales in early September.
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90-Day Insider Distribution
Elastic insiders have sold $72.4M in open-market shares over 90 days with zero insider buys, signaling broad-based distribution.
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Modest Size vs. Prior Sales
At ~$2.57M, this sale is significantly smaller than the CTO's recent multi-million-dollar transactions but still notable at the CEO level.
Analysis · ESTC · Technology
A new insider has joined Elastic's ongoing selling streak. CEO Ashutosh Kulkarni filed a Form 144 to sell 29,227 ordinary shares worth approximately $2.57 million, with the shares acquired via equity vesting on September 8, 2026. This follows CTO Shay Banon's $44.5M and $26.6M sales in early September, extending a 90-day insider distribution pattern that has seen $72.4M in net open-market selling with zero insider buys. While the CEO's sale is smaller than the CTO's, it broadens the insider selling signal to the top executive level.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.1% of the 2014 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. 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 $86.50 on NYSE in the Technology sector, with a market capitalization of approximately $9.1B. The 52-week trading range was $42.05 to $108.00. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.