Elastic Management

Management criteria checks 3/4

Elastic's CEO is Ash Kulkarni, appointed in Jan 2022, has a tenure of 2.5 years. total yearly compensation is $13.74M, comprised of 4.4% salary and 95.6% bonuses, including company stock and options. directly owns 0.099% of the company’s shares, worth MX$211.70M. The average tenure of the management team and the board of directors is 2.3 years and 4.5 years respectively.

Key information

Ash Kulkarni

Chief executive officer

US$13.7m

Total compensation

CEO salary percentage	4.4%
CEO tenure	2.5yrs
CEO ownership	0.1%
Management average tenure	2.3yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ash Kulkarni's remuneration changed compared to Elastic's earnings?
Date	Total Compensation	Salary	Company Earnings
Apr 30 2024	n/a	n/a	US$62m
Jan 31 2024	n/a	n/a	US$56m
Oct 31 2023	n/a	n/a	-US$193m
Jul 31 2023	n/a	n/a	-US$215m
Apr 30 2023	US$14m	US$600k	-US$236m
Jan 31 2023	n/a	n/a	-US$255m
Oct 31 2022	n/a	n/a	-US$239m
Jul 31 2022	n/a	n/a	-US$239m
Apr 30 2022	US$18m	US$531k	-US$204m
Jan 31 2022	n/a	n/a	-US$182m
Oct 31 2021	n/a	n/a	-US$163m
Jul 31 2021	n/a	n/a	-US$145m
Apr 30 2021	US$10m	US$165k	-US$129m

Compensation vs Market: Ash's total compensation ($USD13.74M) is above average for companies of similar size in the MX market ($USD6.20M).

Compensation vs Earnings: Ash's compensation has been consistent with company performance over the past year.

CEO

Ash Kulkarni (48 yo)

2.5yrs

Tenure

US$13,740,871

Compensation

Mr. Ashutosh Kulkarni, also known as Ash, has been Chief Executive Officer of Elastic N.V. since January 2022 and serves as its Executive Director since March 09, 2022 and was its Chief Product Officer si...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ashutosh Kulkarni	CEO & Executive Director	2.5yrs	US$13.74m	0.099% $ 211.7m
Steven Schuurman	Co-Founder & Independent Non-Executive Director	no data	US$34.58k	8.24% $ 17.6b
Shay Banon	Co-Founder	2.5yrs	US$3.75m	7.08% $ 15.2b
Janesh Moorjani	CFO & COO	6.9yrs	US$6.28m	0.095% $ 204.0m
Carolyn Herzog	Chief Legal Officer & Corporate Secretary	2.2yrs	US$8.91m	0.018% $ 38.7m
Ken Exner	Chief Product Officer	1.9yrs	US$12.91m	0.041% $ 87.1m
Uri Boness	Founder	no data	no data	no data
Simon Willnauer	Founder	no data	no data	no data
Nikolay Beliov	Vice President of Investor Relations	no data	no data	no data
Mathew Donoghue	Chief Marketing Officer	1.4yrs	no data	no data
Joanna Daly	Chief Human Resources Officer	less than a year	no data	no data
Kevin Kluge	Senior Vice President of Engineering	7.3yrs	US$1.86m	no data

2.3yrs

Average Tenure

50yo

Average Age

Experienced Management: ESTC N's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ashutosh Kulkarni	CEO & Executive Director	2.3yrs	US$13.74m	0.099% $ 211.7m
Steven Schuurman	Co-Founder & Independent Non-Executive Director	12yrs	US$34.58k	8.24% $ 17.6b
Shay Banon	Co-Founder	12yrs	US$3.75m	7.08% $ 15.2b
Sohaib Abbasi	Independent Non-Executive Vice-Chairman	2yrs	US$280.53k	0.0032% $ 6.9m
Paul Auvil	Independent Director	less than a year	no data	no data
Caryn Marooney	Independent Non-Executive Director	5.3yrs	US$238.53k	0.0086% $ 18.5m
Shelley Leibowitz	Independent Non-Executive Director	2.8yrs	US$248.52k	0.0029% $ 6.2m
Chetan Puttagunta	Independent Chairman & Lead Independent Director	7.5yrs	US$273.40k	0.0053% $ 11.5m
Alison Gleeson	Independent Non-Executive Director	4.5yrs	US$249.53k	0.0039% $ 8.3m

4.5yrs

Average Tenure

56yo

Average Age

Experienced Board: ESTC N's board of directors are considered experienced (4.5 years average tenure).

Elastic Management

Management criteria checks 3/4

Key information

Recent management updates

Co-Founder recently sold Mex$587m worth of stock

CEO & Executive Director recently sold Mex$27m worth of stock

Co-Founder recently sold Mex$182m worth of stock

Elastic N.V Appoints Mark Dodds Chief Revenue Officer

Elastic Appoints Abhishek Singh as General Manager for Observability

Elastic Elects Paul Auvil to its Board of Directors

Recent updates

Co-Founder recently sold Mex$587m worth of stock

Full year 2024 earnings released: EPS: US$0.62 (vs US$2.47 loss in FY 2023)

Elastic N.V. Provides Earnings Guidance for the First Quarter of Fiscal 2025 and Full Year of Fiscal Year 2025

Elastic N.V. to Report Q4, 2024 Results on May 30, 2024

Now 21% overvalued

Elastic Announces Search AI Lake to Scale Low Latency Search

Elastic N.V. Reports 8X Speed and 32X Efficiency Gains for Elasticsearch and Lucene Vector Database

CEO & Executive Director recently sold Mex$27m worth of stock

New major risk - Revenue and earnings growth

Elastic N.V. Provides Earnings Guidance for the Fourth Quarter and for Fiscal 2024 Ending April 30, 2024

Elastic N.V. to Report Q3, 2024 Results on Feb 29, 2024

Co-Founder recently sold Mex$182m worth of stock

Elastic N.V Appoints Mark Dodds Chief Revenue Officer

Elastic N.V. (NYSE:ESTC) acquired Opster Ltd.

Elastic N.V. to Report Q2, 2024 Results on Nov 30, 2023

Elastic Unveils Dedicated Query Language to Simplify Data Investigation

Elastic Appoints Abhishek Singh as General Manager for Observability

Elastic Elects Paul Auvil to its Board of Directors

Elastic N.V. Provides Earnings Guidance for the Second Quarter Ending October 31, 2023 and Year Ending April 30, 2024

Elastic N.V., Annual General Meeting, Oct 05, 2023

Elastic N.V. to Report Q1, 2024 Results on Aug 31, 2023

Elastic Names Joanna Daly as Chief Human Resources Officer

Co-Founder recently sold Mex$368m worth of stock

Full year 2023 earnings released: US$2.47 loss per share (vs US$2.20 loss in FY 2022)

Elastic N.V. Provides Earnings Guidance for First Quarter Ending July 31, 2023 and Fiscal Year Ending April 30, 2024

Full year 2023 earnings released: US$2.47 loss per share (vs US$2.20 loss in FY 2022)

Elastic Unveils the Elasticsearch Relevance Engine for Artificial Intelligence

Elastic N.V. to Report Q4, 2023 Results on Jun 01, 2023

Third quarter 2023 earnings released: US$0.76 loss per share (vs US$0.61 loss in 3Q 2022)

Elastic N.V. to Report Q3, 2023 Results on Mar 02, 2023

Elastic Announces the Appointment of Mathew Donoghue as Chief Marketing Officer

Elastic N.V. Revises Earnings Guidance for the Fiscal Year Ending April 30, 2023

Elastic N.V. to Report Q2, 2023 Results on Nov 30, 2022

Elastic N.V. Provides Earnings Guidance for the Second Quarter of Fiscal 2023 and for Fiscal 2023

Elastic N.V. Provides Earnings Guidance for the Second Quarter of Fiscal 2023 and for Fiscal 2023

Elastic N.V. to Report Q1, 2023 Results on Aug 25, 2022

Elastic Announces Enhancements to Cross-Cluster Search and Cross-Cluster Replication

Elastic N.V. Announces Executive Changes

CEO & Director recently sold Mex$5.5m worth of stock

Elastic N.V. Launches Elastic Security for Cloud

Elastic N.V. Provides Revenue Guidance for the First Quarter of Fiscal Year 2023 and for Full Year 2023

Full year 2022 earnings released: US$2.20 loss per share (vs US$1.48 loss in FY 2021)

Now 23% undervalued

Elastic N.V. to Report Q4, 2022 Results on Jun 01, 2022

Elastic Announces Enhancements Across the Elastic Search Platform and Its Solutions

Elastic N.V. Announces Enhancements Across the Elastic Search Platform and its Solutions

Elastic N.V. Provides Earnings Guidance for the Fourth Quarter and Full Fiscal Year Ending April 30, 2022

Elastic N.V. to Report Q3, 2022 Results on Mar 03, 2022

Elastic and Amazon Reach Agreement on Trademark Infringement Lawsuit

Elastic N.V. Announces the General Availability of Elastic 8.0

Elastic Revises Guidance for Third Quarter of Fiscal Year 2022

Elastic N.V. Announces the Beta Availability of Automated Curations and General Availability of A Unified Management Interface in Kibana

Elastic Announces New Integrations and Enhancements Across the Elastic Security Solution in 7.16 Release

Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Elastic N.V. Provides Revenue Guidance for the Third Quarter of Fiscal 2022 (Ending January 31, 2022) and Fiscal 2022 (Ending April 30, 2022)

Independent Non-Executive Director Peter Fenton has left the company

President of Worldwide Field Operations recently sold Mex$26m worth of stock

Elastic Announces General Availability of APM Correlations and Google Cloud Dataflow Integration in Elastic Observability

Co-Founder & Non-Executive Director recently sold Mex$1.6b worth of stock

Elastic N.V. (NYSE:ESTC) completed the acquisition of Build Security Ltd. from YL Ventures GP Ltd. and others.

First quarter 2022 earnings released: US$0.38 loss per share (vs US$0.23 loss in 1Q 2021)

Elastic N.V. Provides Earnings Guidance for the Second Quarter Ending October 31, 2021 and Full Year Ending April 30, 2022

Elastic N.V. (NYSE:ESTC) entered into a definitive agreement to acquire Build Security Ltd.

Elastic Announces Centralized Management of Elastic Enterprise Search

Elastic Announces the General Availability of Elastic Agent for Unified Telemetry and Centralized Agent Management in Elastic Observability

Elastic Introduces the Industry’S First Free and Open Limitless XDR

Senior VP of Legal recently sold Mex$3.0m worth of stock

Full year 2021 earnings released: US$1.48 loss per share (vs US$2.12 loss in FY 2020)

Elastic N.V. Provides Financial Guidance for the First Quarter Ending July 31, 2021 and Full Year Ending April 30, 2022