<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>SCHEDULE 13G/A</submissionType>
<previousAccessionNumber>0001123292-24-000348</previousAccessionNumber>
<filerInfo>
<filer>
<filerCredentials>
<cik>0001753445</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>



</filerInfo>
</headerData>
<formData>
<coverPageHeader>
<amendmentNo>7</amendmentNo>
<securitiesClassTitle>Ordinary Shares, EURO 0.01 par value per share</securitiesClassTitle>
<eventDateRequiresFilingThisStatement>10/30/2025</eventDateRequiresFilingThisStatement>
<issuerInfo>
<issuerCik>0001707753</issuerCik>
<issuerName>Elastic N.V.</issuerName>
<issuerCusip>N14506104</issuerCusip>
<issuerPrincipalExecutiveOfficeAddress>
<com:street1>c/o Elastic N.V.</com:street1>
<com:street2>88 Kearny St, Floor 19</com:street2>
<com:city>San Francisco</com:city>
<com:stateOrCountry>CA</com:stateOrCountry>
<com:zipCode>94108</com:zipCode>
</issuerPrincipalExecutiveOfficeAddress>
</issuerInfo>
<designateRulesPursuantThisScheduleFiled>
<designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
</designateRulesPursuantThisScheduleFiled>
</coverPageHeader>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>Shay Banon</reportingPersonName>
<citizenshipOrOrganization>L3</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>6452693</soleVotingPower>
<sharedVotingPower>0</sharedVotingPower>
<soleDispositivePower>6452693</soleDispositivePower>
<sharedDispositivePower>0</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>6452693</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>6.1</classPercent>
<typeOfReportingPerson>IN</typeOfReportingPerson>
<comments>Items 5, 7 and 9: Includes 113,689 Ordinary Shares, EURO 0.01 par value per share, of the Issuer ("Ordinary Shares") subject to options held by Mr. Banon that are exercisable within 60 days of September 30, 2025. &#13;
&#13;
Item 11: Percent of class is calculated based on (i) 106,270,940 Ordinary Shares outstanding as of August 21, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended July 31, 2025, filed with the Securities and Exchange Commission on August 29, 2025 and (ii) 113,689 Ordinary Shares subject to options held by Mr. Banon that are exercisable within 60 days of September 30, 2025.</comments>
</coverPageHeaderReportingPersonDetails>
<items>
<item1>
<issuerName>Elastic N.V.</issuerName>
<issuerPrincipalExecutiveOfficeAddress>c/o Elastic N.V., 88 Kearny St, Floor 19, San Francisco, California, 94108</issuerPrincipalExecutiveOfficeAddress>
</item1>
<item2>
<filingPersonName>Shay Banon</filingPersonName>
<principalBusinessOfficeOrResidenceAddress>c/o Elastic N.V. &#13;
88 Kearny St, Floor 19 &#13;
San Francisco, California 94108</principalBusinessOfficeOrResidenceAddress>
<citizenship>State of Israel</citizenship>
</item2>
<item3>
<notApplicableFlag>Y</notApplicableFlag>
</item3>
<item4>
<amountBeneficiallyOwned>6,452,693</amountBeneficiallyOwned>
<classPercent>6.1</classPercent>
<numberOfSharesPersonHas>
<solePowerOrDirectToVote>6,452,693</solePowerOrDirectToVote>
<sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
<solePowerOrDirectToDispose>6,452,693</solePowerOrDirectToDispose>
<sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
</numberOfSharesPersonHas>
</item4>
<item5>
<notApplicableFlag>Y</notApplicableFlag>
</item5>
<item6>
<notApplicableFlag>Y</notApplicableFlag>
</item6>
<item7>
<notApplicableFlag>Y</notApplicableFlag>
</item7>
<item8>
<notApplicableFlag>Y</notApplicableFlag>
</item8>
<item9>
<notApplicableFlag>Y</notApplicableFlag>
</item9>
<item10>
<notApplicableFlag>Y</notApplicableFlag>
</item10>
</items>
<signatureInformation>
<reportingPersonName>Shay Banon</reportingPersonName>
<signatureDetails>
<signature>/s/ Shay Banon</signature>
<title>Shay Banon</title>
<date>11/12/2025</date>
</signatureDetails>
</signatureInformation>
</formData>
</edgarSubmission>
