Sec Form 4 Filing - Volpi Michelangelo @ Elastic N.V. - 2019-09-10

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Volpi Michelangelo 2. Issuer Name and Ticker or Trading Symbol Elastic N.V. [ ESTC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350 3. Date of Earliest Transaction (MM/DD/YY) 09/10/2019 (Street) MOUNTAIN VIEW, CA94040 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Ordinary Shares 09/10/2019 S 66,312 ( 1 ) D $ 87.75 3,210,112 I See footnotes ( 2 ) ( 5 ) Ordinary Shares 09/11/2019 S 23,418 ( 3 ) D $ 89.65 ( 4 ) 3,186,694 I See footnotes ( 5 ) ( 6 ) Ordinary Shares 09/11/2019 S 10,584 ( 7 ) D $ 90.4282 ( 8 ) 3,176,110 I See footnotes ( 5 ) ( 9 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4 ) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Volpi Michelangelo C/O ELASTIC N.V. 800 WEST EL CAMINO REAL, SUITE 350 MOUNTAIN VIEW, CA94040 X Signatures /s/ Michael Volpi 09/12/2019 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Represents 65,000 shares sold by Index Ventures VI (Jersey) LP ("Index Ventures VI") and 1,312 shares sold by Index Ventures VI Parallel Entrepreneur Fund (Jersey) LP ("Index Ventures VI Parallel"). ( 2 )Represents 981,315, 93,147, 2,058,029, 41,541 and 36,080 shares held directly by Index Ventures IV (Jersey) LP ("Index Ventures IV"), Index Ventures IV Parallel Entrepreneur Fund (Jersey) LP ("Index Ventures IV Parallel" and, together with Index Ventures IV, Index Ventures VI and Index Ventures VI Parallel, the "Index Funds"), Index Ventures VI, Index Ventures VI Parallel and Yucca (Jersey) SLP ("Yucca"). Yucca is an Index co-investment vehicle that is contractually required to mirror the Index Funds' investment in the shares. ( 3 )Represents 20,693 shares sold by Index Ventures IV, 1,964 shares sold by Index Ventures IV Parallel and 761 shares sold by Yucca. ( 4 )These shares were sold in multiple transactions at prices ranging from $89.14 - $90.135, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. ( 5 )Mr. Volpi is co-president of Index Ventures (US) Inc. which provides certain consultancy services to the Index Funds' affiliates. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. ( 6 )Represents 960,622, 91,183, 2,058,029, 41,541 and 35,319 shares held directly by Index Ventures IV, Index Ventures IV Parallel, Index Ventures VI, Index Ventures VI Parallel and Yucca. ( 7 )Represents 9,352 shares sold by Index Ventures IV, 888 shares sold by Index Ventures IV Parallel and 344 shares sold by Yucca. ( 8 )These shares were sold in multiple transactions at prices ranging from $90.16 - $90.85, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. ( 9 )Represents 951,270, 90,295, 2,058,029, 41,541 and 34,975 shares held directly by Index Ventures IV, Index Ventures IV Parallel, Index Ventures VI, Index Ventures VI Parallel and Yucca.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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