X0306 4 2019-09-10 0 0001707753 Elastic N.V. ESTC 0001626464 Volpi Michelangelo C/O ELASTIC N.V. 800 WEST EL CAMINO REAL, SUITE 350 MOUNTAIN VIEW CA 94040 1 0 0 0 Ordinary Shares 2019-09-10 4 S 0 66312 87.75 D 3210112 I See footnotes Ordinary Shares 2019-09-11 4 S 0 23418 89.65 D 3186694 I See footnotes Ordinary Shares 2019-09-11 4 S 0 10584 90.4282 D 3176110 I See footnotes 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"). 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. Represents 20,693 shares sold by Index Ventures IV, 1,964 shares sold by Index Ventures IV Parallel and 761 shares sold by Yucca. 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. 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. 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. Represents 9,352 shares sold by Index Ventures IV, 888 shares sold by Index Ventures IV Parallel and 344 shares sold by Yucca. 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. 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. /s/ Michael Volpi 2019-09-12