---
schema_version: "secwatch.filing_event.v1"
accession: "0001707753-26-000024"
form_type: "8-K"
ticker: "ESTC"
cik: "0001707753"
company_name: "Elastic N.V."
filed_at: "2026-06-24T20:16:20+00:00"
generated_at: "2026-06-24T20:18:38.086371+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Elastic plans 7% workforce reduction and Chief Product Officer resignation

## Summary
- Elastic to cut ~7% of workforce; expects $22-25M in non-recurring cash charges for severance and benefits.
- Plan aims to simplify team structures, reduce complexity, and reallocate resources to key growth areas like go-to-market.
- CPO Ken Exner resigns effective July 17, 2026, to pursue other opportunity; no disagreement with company or board.
- Workforce reductions expected to be substantially completed by end of Q3 fiscal 2027 (January 2027).

## SEC filing metadata
- accession: 0001707753-26-000024
- form_type: 8-K
- ticker: ESTC
- cik: 0001707753
- company_name: Elastic N.V.
- filed_at: 2026-06-24T20:16:20+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1707753/000170775326000024/0001707753-26-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1707753/000170775326000024/estc-20260618.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001707753-26-000024
- JSON: https://secwatch.observer/filing/0001707753-26-000024.json
- Plain text: https://secwatch.observer/filing/0001707753-26-000024.txt

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