secwatch.observer — SEC 8-K summary
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Issuer:     Elastic N.V. (ESTC)
CIK:        0001707753
Form:       8-K
Filed at:   2025-10-15T23:59:59+00:00
Accession:  0001707753-25-000050
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707753/000170775325000050/0001707753-25-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707753/000170775325000050/estc-20251013.htm
  HTML page:      https://secwatch.observer/filing/0001707753-25-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer