X0206 3 2018-10-04 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 Series B Convertible Preference Shares Ordinary Shares 5202162 I See footnote Series C Convertible Preference Shares Ordinary Shares 1247298 I See footnote Series D Convertible Preference Shares Ordinary Shares 122249 I See footnote The Series B Convertible Preference Shares shall automatically convert into Ordinary Shares on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and have no expiration date. The convertible preference shares and underlying ordinary shares reported herein are held directly by Hexavest S.a.r.l. ("Hexavest"). The shareholders of Hexavest include: Index Ventures IV (Jersey) LP ("Index Ventures IV"), Index Ventures IV Parallel Entrepreneur Fund (Jersey) LP ("Index Ventures IV Parallel"), Index Ventures VI (Jersey) LP ("Index Ventures VI"), Index Ventures VI Parallel Entrepreneur Fund (Jersey) LP ("Index Ventures VI Parallel" and, together with Index Ventures IV, Index Ventures IV Parallel and Index Ventures VI, the "Index Funds") and Yucca (Jersey) SLP ("Yucca"). Index Ventures Associates IV Limited ("Index Ventures IV GP") is the managing general partner of Index Ventures IV and Index Ventures IV Parallel, and Index Ventures Associates VI Limited ("Index Ventures VI GP") is the managing general partner of Index Ventures VI and Index Ventures VI Parallel. The general partner of Yucca is Yucca Associates Limited ("Yucca Associates"). Yucca is an Index co-investment vehicle that is contractually required to mirror the Index Funds' investment in the convertible preference shares. 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. The Series C Convertible Preference Shares shall automatically convert into Ordinary Shares on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and have no expiration date. The Series D Convertible Preference Shares shall automatically convert into Ordinary Shares on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and have no expiration date. Exhibit 24 - Power of Attorney Immediately prior to the completion of the Issuer's initial public offering of ordinary shares, the Issuer intends to change its corporate form from a Dutch private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) into a Dutch public limited company (naamloze vennootschap) and change its corporate name from Elastic B.V. to Elastic N.V. /s/ W.H Baird Garrett, by power of attorney 2018-10-04