Shay Banon

CTO Shay Banon sold 9,288 shares of ESTC at $60.61; stock now -36.7% from 52-week high. All 5 prior ESTC trades well-timed at 90 days.

Shay Banon, Chief Technology Officer, sold 9,288 shares at $60.61 on 2026-06-09, retaining 4,417,140 shares post-transaction. The stock has fallen -36.7% from its 52-week high of $96.06, though it has recovered +20.6% over the past 30 days and +17.6% over 90 days. Notably, Banon's prior 5 sells at ESTC were all well-timed at the 90-day mark, with negative returns ranging from -6.2% to -18.2%, indicating a consistent pattern of selling before subsequent declines at this specific ticker. Across his broader cross-ticker trading history, Banon has executed 20 prior sells with a 100% well-timed rate at 90 days, suggesting a demonstrated ability to exit positions ahead of unfavorable price action. The relatively small reduction of -0.2% versus pre-transaction holdings indicates this was a modest portfolio adjustment rather than a major position reduction.

CTO Banon Shay sold 204,326 shares (4.5% of holdings) for $18.4M over two days at blended avg $89.99

Banon Shay, CTO at Elastic, executed 6 separate sales totaling 204,326 shares for $18,388,136.32 across September 8–9, 2025, reducing his post-transaction holdings to 4,363,780 shares from 4,568,106. The transaction occurs as ESTC trades at $89.93, down 23.6% from its 52-week high of $117.76 but up 24.0% over the past 30 days and 8.0% over 90 days, suggesting recent momentum recovery. Elastic remains unprofitable (net income $-24,603,000 on latest quarter revenue of $415,288,000) despite 17.0% annual revenue growth, creating a valuation backdrop where insider share reductions warrant attention. The CTO's cross-ticker historical sell track record shows a 90-day well-timed rate of 100.00%, though at Elastic specifically, only 1 of 1 prior measurable sales (March 2025) showed negative 90-day return (-24.2%), and four recent sales from early September have outcomes not yet measurable.

CTO Banon Shay sold 200,000 shares ($17.1M) at $85.30 avg; stock now $92.30, up 23.9% in 30 days.

Banon Shay executed 4 separate sales totaling 200,000 shares for $17,059,932.33 at prices ranging from $84.10 to $86.78 on September 4–5, 2025, reducing his holdings by 8.9% to 2,054,978 shares. The blended average sale price of $85.30 contrasts with the current price of $92.30, a 8.2% increase since the trades. His cross-ticker track record shows a 90-day well-timed rate of 100.00% (20 prior sells with avg 90d return -20.1%), but at ESTC specifically, his prior measurable trade (March 4, 2025 sell) posted a 90d return of -24.2%. The company posted $415.3M revenue and $-24.6M net income in the latest quarter, with annual growth of 17.0%, but remains unprofitable on a full-year basis, warranting investor attention to whether the CTO's near-term exit signaled sector or company-level concerns.

CTO Shay sold 200,000 ESTC shares for $21.7M across 11 transactions; all 4 prior ESTC sales were well-timed at 90-day mark.

Banon Shay (CTO) executed 11 separate sales totaling 200,000 shares for $21,663,149.30 across March 2–4, 2025, reducing holdings by 8.1% to 2,254,978 shares. The blended average sale price of $108.32 sits 1.2% below the current price of $109.63, though well below the 52-week high of $133.81 where the stock traded -18.1% from peak. Of material significance: Shay's prior 4 open-market sales at ESTC all posted negative 90-day returns (range -5.4% to -9.8%), indicating a pattern of selling ahead of subsequent declines. His cross-ticker track record shows a 90d well-timed rate of 84.21% across 20 prior sells, though the average 90d return post-sell is -15.0%, suggesting his sales have historically preceded downward price movement. The company remains unprofitable (net income -$17.1M on revenue of $382.1M last quarter) with a steep P/E of 176.82, leaving the sale pattern potentially significant for investors monitoring CTO sentiment despite the absence of explicit company guidance or announced concerns in this filing.

CTO Banon Shay sells 5,051 shares of ESTC at $108.72 on 2024-12-09; holds 4,538,139 post-transaction.

Banon Shay, Chief Technology Officer of Elastic N.V., sold 5,051 shares at $108.72 on 2024-12-09, retaining a substantial position of 4,538,139 shares (representing a -0.1% reduction). The sale occurred when the stock was trading 20.0% below its 52-week high of $133.81, though the stock has appreciated 19.0% over the prior 30 days and 45.0% over 90 days. Across his cross-ticker track record, Shay's 20 prior open-market sells achieved a 66.67% well-timed rate over 90 days, though this specific ticker shows 5 prior sales all executed on 2024-11-27 with outcomes not yet measurable. The modest sale size and retention of 4.54M shares suggest this transaction does not signal reduced confidence in the company; the timing relative to broader stock momentum requires tracking as the 90-day outcome window matures.

Elastic CTO Banon Shay sells 150,000 shares for $16.4M across 5 transactions on 2024-11-27

Banon Shay, Chief Technology Officer of Elastic N.V., executed 5 separate sales totaling 150,000 shares for $16,436,835.72 on 2024-11-27, with a blended average price of $109.58. This represents a -5.8% reduction from his pre-transaction holdings of 2,604,978 shares to 2,454,978 shares post-transaction. His cross-ticker track record shows 20 prior sells with an average 90-day return of -10.8% and a well-timed rate of 52.94%, indicating mixed timing precision historically. At Elastic specifically, his prior two measurable sells on 2024-06-24 both posted negative 90-day returns (-30.3% and -30.7%), establishing a pattern of well-timed exits at this ticker. The stock has gained +39.9% over the prior 30 days and +54.4% over 90 days, trading at $113.09 (current price) versus the blended transaction price of $109.58; the company carries a high P/E of 194.98 and remains unprofitable with net income of $-25,450,000.00 despite quarterly revenue of $365,361,000.00.

CTO Banon Shay sold 150,000 shares ($16.6M) at blended $110.92; retains 2.60M shares post-transaction

Banon Shay, CTO of Elastic N.V., executed 3 separate sales totaling 150,000 shares for $16,637,497.52 at an average price of $110.92 on 2024-11-26, reducing his holdings by 5.4% to 2,604,978 shares. The sales occurred within a 52-week context where the stock traded from $70.14–$133.81 and is currently at $110.13, down 17.7% from its 52-week high but up 38.5% over the past 30 days. Across his cross-ticker open-market history, Shay's 20 prior sells achieved a 90-day well-timed rate of 53.33%, though at Elastic specifically no measurable 90-day outcome pattern exists from the limited prior trades at this ticker. The transaction reflects a material reduction in a high-conviction position (retention of 2.60M shares post-sale) at a price near the current market level in a growth-stage company (P/E 189.88, +18.6% annual revenue growth, but currently unprofitable with -$25.4M net income in the latest quarter).

CTO Shay sells 300,000 ESTC shares across 5 transactions (June 21–24) for $32.5M at blended $108.48

Banon Shay, Chief Technology Officer of Elastic, executed 5 separate sales totaling 300,000 shares (300.0K shares) for $32,544,626.22 ($32.5M) between June 21–24, 2024, reducing holdings from 3.05M shares to 2.75M shares (-9.8%). The blended average sale price of $108.48 sits below the current price of $108.95, and the timing follows recent prior sales on June 10–11 at this ticker. His cross-ticker track record shows a 90d well-timed rate of 33.33%, though his same-ticker history at ESTC records 0 of 2 measurable prior sells as well-timed at the 90-day mark (two prior March 2024 sales saw positive 90d returns of +8.8% and +7.2%, indicating the stock rose after he sold—opposite of a well-timed exit). The scale and frequency of recent dispositions warrant monitoring for any underlying conviction shift, though the stock remains profitable (P/E 31.31, +18.6% annual revenue growth) and has appreciated 3.8% over the past 30 days.