---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-007747"
form_type: "8-K"
ticker: "ESTC"
cik: "0001707753"
company_name: "Elastic N.V."
filed_at: "2022-01-12T23:59:59+00:00"
generated_at: "2026-06-27T18:40:23.642273+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Elastic promotes Ashutosh Kulkarni to CEO; founder Shay Banon becomes CTO; Q3 guidance raised

## Summary
- Founder Shay Banon transitions from CEO to CTO effective Jan 11, 2022; remains on Board.
- Ashutosh Kulkarni promoted to CEO (from CPO); base salary $600k, equity ~$12M; nomination to Board pending vote.
- Paul Appleby steps down as President, Worldwide Field Operations; will leave Elastic on a mutually agreed date.
- Elastic expects to exceed Q3 FY2022 guidance for revenue, non-GAAP operating margin, and non-GAAP net loss per share.
- Chetan Puttagunta appointed Chairman of the Board following Banon's resignation from that role.

## SEC filing metadata
- accession: 0001193125-22-007747
- form_type: 8-K
- ticker: ESTC
- cik: 0001707753
- company_name: Elastic N.V.
- filed_at: 2022-01-12T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1707753/000119312522007747/0001193125-22-007747-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1707753/000119312522007747/d283435d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-007747
- JSON: https://secwatch.observer/filing/0001193125-22-007747.json
- Plain text: https://secwatch.observer/filing/0001193125-22-007747.txt

## Key facts
- Executive change
  Chetan Puttagunta was appointed as Chairman of the Board at Elastic N.V..
  - Action: appointed
  - Role: Chairman of the Board
  source text: Chetan Puttagunta, currently Lead Independent Director, has been appointed Chairman of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1707753/000119312522007747/0001193125-22-007747-index.htm
- Executive change
  Ashutosh Kulkarni was appointed as Chief Executive Officer at Elastic N.V..
  - Action: promoted
  - Role: Chief Executive Officer
  source text: the Company announced the promotion of Ashutosh Kulkarni, the Company’s current Chief Product Officer, to CEO, effective as of January 11, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1707753/000119312522007747/0001193125-22-007747-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.