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EdgarHawk

Ashutosh Kulkarni

Chief Executive Officer

Director Officer

Latest: CEO selling · June 2026

12 filings analyzed · 1 company · Latest 2026-06-10

Companies

Company Buys Sells Direction
Elastic N.V. ESTC 0 18 Net selling

Activity

June 2026
2026-06-10 Elastic N.V. ESTC
medium
Sell
40,373 shares
$2,447,008
Significance 5/10

CEO Ashutosh Kulkarni sold 40.4K ESTC shares at $60.61 on 2026-06-09, reducing stake 6.0%; stock is -36.7% from 52-week high.

Ashutosh Kulkarni, CEO of Elastic N.V., sold 40,373 shares at $60.61 in open-market trading, leaving holdings of 628,752 shares post-transaction. The sale reduced his position by 6.0% relative to pre-transaction holdings, generating $2,447,007.53 in proceeds. The timing of this sale is noteworthy: ESTC is currently -36.7% from its 52-week high of $96.06, yet the stock has rebounded +20.6% over the past 30 days and +17.6% over the past 90 days. Across Kulkarni's prior five sales at ESTC specifically, four of five demonstrated negative or neutral 90-day outcomes (well-timed at the 90-day mark)—most recently a 2026-03-09 sale followed by -6.8% over 30 days. His cross-ticker track record shows 17 prior sells with a 71.43% well-timed rate at 90 days, suggesting a consistent pattern of exiting before declines. However, the current sale occurs during an uptrend window (+20.6% 30-day, +17.6% 90-day), and with the stock well below its 52-week peak, the immediate context differs from conditions during prior well-timed sales.

March 2026
2026-03-10 Elastic N.V. ESTC
high
Sell
17,756 shares
$928,284
Significance 7/10

CEO Ashutosh Kulkarni sold 17,756 ESTC shares at $52.28 on 2026-03-09 (total $928.3K); stock down 52.7% from 52-week high.

CEO Ashutosh Kulkarni sold 17,756 shares for $928,283.68, reducing his holdings by 4.2% to 409,145 shares. This sale occurs as Elastic's stock trades 52.7% below its 52-week high of $109.63, down 34.3% over 90 days. Across his prior five sales at ESTC, timing has been consistently favorable: 5 of 5 prior sells registered negative 90-day returns, meaning he sold before declines. His cross-ticker track record shows a 76.92% well-timed rate on 16 prior sells. However, the company's fundamentals present a mixed picture—annual revenue growth of 17.0% and positive quarterly revenue of $449.9M, but full-year net income was negative, and the latest quarter shows net income of only $7.8M on a $5.4B market cap. The sale pattern mirrors his prior ESTC behavior and occurs amid significant equity-price decline, though current data does not indicate whether this is discretionary or plan-based.

December 2025
2025-12-10 Elastic N.V. ESTC
high
Sell
20,413 shares
$1,531,996
Significance 7/10

CEO Kulkarni sells 20,413 ESTC shares at $75.05; stock down -33.0% from 52-week high, posting 5 of 5 prior well-timed exits.

Kulkarni Ashutosh, Chief Executive Officer, sold 20,413 shares of Elastic N.V. at $75.05 on 2025-12-09 for $1,531,995.65, reducing holdings from 452,314 to 431,901 shares. The timing is notable: across his five prior trades at ESTC, all five resulted in negative 90-day returns (ranging from -0.2% to -20.5%), indicating his prior sales consistently preceded stock declines. His cross-ticker track record shows a 75.00% well-timed sell rate across 15 prior transactions, with an average 90-day return of -7.4% after those sales. The current stock price is $78.87, down -33.0% from the 52-week high of $117.76, and the 30-day performance has been -15.3% since this transaction. However, the company remains unprofitable (net income of $-51,284,000 in the latest quarter) despite solid revenue growth of +17.0% year-over-year, which provides fundamental context for why the stock has declined. This sale aligns with a demonstrated pattern of well-timed exits at this specific ticker.

September 2025
2025-09-10 Elastic N.V. ESTC
high
Sell
19,622 shares
$1,768,335
Significance 7/10

CEO Ashutosh Kulkarni sold 19,622 shares of ESTC at $90.12 for $1,768,334.64 on 2025-09-09; all 5 prior sales at this ticker were well-timed.

Kulkarni's sale of 19.6K shares represents a 4.1% reduction in his 457.3K post-transaction holdings and occurs while ESTC trades at $89.93, down 23.6% from its 52-week high of $117.76. His cross-ticker track record shows a 72.73% well-timed sell rate with an average 90-day return of -6.6%, and more tellingly, all 5 of his prior sales at ESTC have been well-timed (negative 90-day returns ranging from -0.2% to -20.5%), suggesting a consistent pattern of selling ahead of declines at this specific ticker. The company remains unprofitable (net income of $-24.6M on $415.3M quarterly revenue) despite 17.0% annual revenue growth. This sale follows a 24.0% 30-day appreciation in the stock, leaving little ambiguity: the timing pattern at ESTC combined with the company's persistent unprofitability creates a material signal for investors to monitor execution and near-term sentiment.

June 2025
2025-06-10 Elastic N.V. ESTC
high
Sell
22,901 shares
$1,990,326
Significance 7/10

CEO Kulkarni sells 22,901 ESTC shares at $86.91; 3 of 3 prior same-ticker sells were well-timed.

Ashutosh Kulkarni, CEO of Elastic, sold 22,901 shares on 2025-06-09 at $86.91, reducing his holdings by 4.8% to 454,841 shares. Stock is currently trading at $84.72, down 30.7% from its 52-week high of $122.27 and down 14.0% over 90 days. His prior sales at ESTC show a strong timing pattern: all 3 prior same-ticker sales for which 90-day outcomes are measurable resulted in negative 90-day returns, indicating his sells consistently preceded stock declines. The underlying business remains unprofitable with net income of $-17,056,000.00 in the latest quarter, though annual revenue grew 17.0%, and the company's market cap stands at $8,940,915,626.64. This sale aligns with his demonstrated accuracy in timing ESTC exits.

March 2025
2025-03-26 Elastic N.V. ESTC
medium
Sell
5,000 shares
$513,180
Significance 6/10

Elastic CEO Kulkarni sells 5.0K shares ($513.2K) in 2 transactions at $102.64 avg; stock now $99.36

Elastic CEO Ashutosh Kulkarni executed two separate sales totaling 5,000 shares for $513,179.70 on 2025-03-25, reducing his holdings by 1.3% to 371,591 shares. At the blended average price of $102.64, these sales occurred near the insider's historical median effectiveness: his cross-ticker track record shows a 57.14% well-timed rate on 11 prior sells (90d basis), though same-ticker outcomes at ESTC are mixed, with 2 of 4 measurable prior 90-day intervals showing declines. The current stock price of $99.36 lies 18.7% below the 52-week high of $122.27 and has fallen 5.3% over the past 30 days, indicating downward momentum in the period following the sale. Given ESTC's challenging valuation (P/E 160.26) paired with recent profitability pressures (net loss of $17.1M in latest quarter despite 18.6% annual revenue growth), this sale by the company's top executive warrants attention as a signal of capital management decisions at a time of market weakness and elevated multiples.

2025-03-12 Elastic N.V. ESTC
medium
Sell
18,735 shares
$1,700,576
Significance 4/10

CEO Ashutosh Kulkarni sold 18,735 shares of ESTC at $90.77 on 2025-03-10 for $1,700,575.95; stock down 19.4% from 52-week high.

Kulkarni sold 18.7K shares at $90.77 while retaining 376,591 shares post-transaction, representing a 4.7% reduction in holdings. The stock has declined 15.3% over the past 30 days and 19.4% from its 52-week high of $122.27, trading currently at $98.56. His same-ticker history at ESTC shows mixed timing outcomes: 4 of 5 prior sales were followed by declines at the 30-day mark, but only 1 of 4 measurable 90-day outcomes was well-timed (negative post-sale return). The cross-ticker track record shows an average 90-day return of -2.3% after sells with a 50% well-timed rate. The company's fundamentals show $382.1M in latest-quarter revenue with annual growth of 18.6%, but negative net income of $-17.1M and an elevated P/E of 158.97. This sale occurs amid a period of downward price pressure and follows a cluster of four ESTC sales in December 2024.

December 2024
2024-12-19 Elastic N.V. ESTC
medium
Sell
7,017 shares
$758,689
Significance 6/10

CEO Kulkarni sells 7,017 shares of ESTC at $108.12 for $758,689.27; stock now -22.5% from 52-week high

Ashutosh Kulkarni, Chief Executive Officer, sold 7,017 shares (395.3K shares remaining) on 2024-12-18 at $108.12, reducing his holdings by 1.7%. The sale occurred near the midpoint of the 52-week range ($70.14–$133.81) and the stock now trades $103.71, down 22.5% from its 52-week high. Within his cross-ticker track record, his 9 prior sells showed a 66.67% well-timed rate with a 90-day average return of -2.9%, indicating a historical pattern of selling before declines. At ESTC specifically, his timing has been mixed: a 2024-09-09 sale yielded +58.0% over 90 days (poorly timed), while a 2024-06-24 sale preceded a -30.5% decline (well-timed). The company reported negative net income of $-25.4M against $365.4M in quarterly revenue, with an elevated P/E of 178.81. This sale follows two earlier December 2024 sales at the same ticker (2024-12-09 and 2024-12-02), suggesting sustained selling activity in the final weeks of the year as stock remains well below its peak.

2024-12-11 Elastic N.V. ESTC
medium
Sell
16,032 shares
$1,742,839
Significance 5/10

CEO Ashutosh Kulkarni sold 16,032 shares of ESTC at $108.71 on 2024-12-09 for $1,742,838.72; retains 402,343 shares post-trade.

Kulkarni executed a discretionary sale reducing his stake by 3.8%, selling into momentum (stock up +19.0% over 30 days and +45.0% over 90 days from transaction date). His cross-ticker track record shows a 66.67% well-timed sell rate across 8 prior sales, though his same-ticker history at ESTC is more mixed—2 of 3 measurable prior sales at this ticker were poorly timed, with the stock rising +13.7% (30d) and +58.0% (90d) after one sale, and rising +5.0% (30d) despite a -36.2% (90d) decline after another. Current valuation remains stretched at a P/E of 184.55 against a net loss of $25,450,000 in the latest quarter; stock trades at $107.04, down -20.0% from its 52-week high of $133.81. The sale signals no urgent conviction either way, but the timing (during a strong recent run-up) and retention of 402,343 shares indicate the CEO maintains substantial equity alignment.

2024-12-04 Elastic N.V. ESTC
high
Sell
10,000 shares
$1,121,112
Significance 6/10

CEO Kulkarni sells 10,000 shares at blended $112.11 amid +46.0% 30-day rally; retains 422.6K shares post-transaction.

Kulkarni Ashutosh, Chief Executive Officer, executed 2 separate sales totaling 10,000 shares for $1,121,112.00 at blended average price $112.11 on 2024-12-02. The transaction reduced his holdings by 2.3% to 422.6K shares, representing a material but not complete liquidation. The sales occurred during a pronounced rally: the stock is +46.0% over the prior 30 days and +60.3% over 90 days, with current price at $116.22 positioned -13.2% from its 52-week high. Across his prior trades at ESTC, Kulkarni's 2 measurable sales both posted negative 90-day returns (-30.5% and -36.2%), reflecting a pattern of well-timed exits at local peaks. The current sale, executed at a lower price than the current $116.22, follows this historical precision.

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