Banon Shay has filed an updated Schedule 13G/A, revealing his ownership stake in Elastic N.V. The filing indicates that Shay now holds 5,483,939 ordinary shares, which equates to 5.2% of the company. This update is significant as it reflects Shay's continued confidence in Elastic’s business prospects.

Elastic N.V. operates in the prepackaged software sector, which has seen notable advancements and competition in recent years. The company is known for its innovative solutions in search and data analytics, making it a key player in its industry.

The filing states, "Rows 5 through 9 include 114,780 Ordinary Shares...subject to options held by Mr. Banon that are exercisable within 60 days of September 30, 2026." This highlights Shay's strategic position within the company as he maintains a substantial voting power.

This update may affect perceptions among investors and analysts regarding Elastic N.V.'s market position and future growth potential. Shay's stake could also influence the company's strategic decisions moving forward.

The filing does not say what happens next regarding Shay's ownership or any potential plans for Elastic N.V.

Ownership Details

According to the filing, Shay Banon holds sole voting and dispositive power over all 5,483,939 ordinary shares, indicating a strong control over his investment in Elastic N.V. This level of ownership positions him as a significant stakeholder in the company, which could lead to increased influence in corporate governance matters.

Company Background

Elastic N.V. is classified under the Standard Industrial Classification as a provider of prepackaged software, specifically focusing on search and data analytics solutions. The company has undergone several name changes, previously known as Elastic B.V. and Elasticsearch Global BV, reflecting its evolution in the tech landscape.

"Percent of class is calculated based on (i) 104,991,280 Ordinary Shares outstanding as of August 21, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended July 31, 2026..."

Future Considerations

The filing does not provide insights into any future plans or intentions Shay may have regarding his stake in Elastic N.V., nor does it mention any potential impact of his ownership on the company's strategic direction or operational decisions.