Schuurman went from zero Elastic sales in a full quarter to 58% of his position gone in seven days — and neither Form 4 reports a 10b5-1 plan

Steven Schuurman · Elastic N.V. · sales 5 and 12 Oct · Form 144s accepted 2 Oct 20:21 and 13 Oct 09:59 EDT

The Form 144 filed 2 October carries a “securities sold in the past 3 months” table that reads Nothing to Report. That is the filing’s own statement that CMXI B.V. sold nothing between early July and 1 October.

Then: 1,500,000 shares at $90.13 on 5 October, taking the line from 6,004,600 to 4,504,600. Seven days later, 2,000,000 at $94.15 — $188.30m, the single largest insider disposal filed this week — taking it to 2,504,600. A 44.40% cut in one trade; 58.3% of the position in a week.

Neither Form 4 reports a Rule 10b5-1 plan. These were discretionary trades, timed by a sitting director, with no quarterly trail behind them to be a tranche of.