---
schema_version: "secwatch.filing_event.v1"
accession: "0001707753-25-000050"
form_type: "8-K"
ticker: "ESTC"
cik: "0001707753"
company_name: "Elastic N.V."
filed_at: "2025-10-15T23:59:59+00:00"
generated_at: "2026-05-17T03:45:36.376960+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Elastic N.V. grants CEO $29.3M special performance-based equity award with share price goals

## Summary
- PSUs with grant-date fair value of $29.3M; max payout of 456,491 shares.
- Four tranches: 20%/20%/20%/40% weighting; share price targets from +40% to +129% above baseline $86.61.
- Performance periods: 3-year for Tranche 1; 5-year for Tranches 2-4; rTSR modifier vs Russell 3000 median.
- Service vesting: ratable over 4-5 years; forfeiture on resignation or for-cause termination.
- Award designed to incentivize CEO leadership in Generative AI strategy and sustained shareholder value creation.

## SEC filing metadata
- accession: 0001707753-25-000050
- form_type: 8-K
- ticker: ESTC
- cik: 0001707753
- company_name: Elastic N.V.
- filed_at: 2025-10-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1707753/000170775325000050/0001707753-25-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1707753/000170775325000050/estc-20251013.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001707753-25-000050
- JSON: https://secwatch.observer/filing/0001707753-25-000050.json
- Plain text: https://secwatch.observer/filing/0001707753-25-000050.txt

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