Elastic director Steven Schuurman sells 2 million shares for about $188 million

Elastic board member Steven Schuurman sold 2 million Elastic shares on Monday, a sale worth about $188.3 million, according to a regulatory filing Tuesday.

The Form 4 shows the shares were sold at $94.15 each on Oct. 12. They were held by CMXI B.V., a company Schuurman controls; he has sole voting and dispositive power over its shares, the filing says, and disclaims beneficial ownership beyond his pecuniary interest.

After the sale, CMXI holds 2,504,600 Elastic shares, meaning the transaction cut that position by about 44%.

The filing does not mark the trade as made under a Rule 10b5-1 trading plan, and it lists Schuurman as a director rather than an officer of the company.

Elastic shares closed at $94.32 on Tuesday, down about 1.3% on the day and close to the price in Schuurman's sale.

By the numbers

• Shares sold: 2,000,000
• Sale price: $94.15 a share
• Approximate proceeds: $188.3 million
• Shares held through CMXI afterward: 2,504,600

Sources

1. Elastic N.V., Form 4 filed by Steven Schuurman, Oct. 13, 2026 (accession 0001123292-26-001388)

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

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