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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
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Elastic N.V. (Name of Issuer) |
COMMON STOCK (Title of Class of Securities) |
N14506104 (CUSIP Number) |
Mathieu CORNU Route des Acacias 60, Geneva, V8, 1211 0041583234506 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
01/23/2026 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | N14506104 |
| 1 |
Name of reporting person
PICTET ASSET MANAGEMENT SA | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
SWITZERLAND
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
5,288,262.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
5.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IA |
SCHEDULE 13D
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| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
COMMON STOCK |
| (b) | Name of Issuer:
Elastic N.V. |
| (c) | Address of Issuer's Principal Executive Offices:
KEIZERSGRACHT 281, AMSTERDAM,
NETHERLANDS
, 1016 ED. |
| Item 2. | Identity and Background |
| (a) | Pictet Asset Management SA |
| (b) | 60 ROUTE DES ACACIAS
GENEVA 73 1211
SWITZERLAND |
| (c) | Investment Adviser |
| (d) | The Reporting Person has not been, during the last five years, convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). |
| (e) | The Reporting Person has not been, during the last five years, a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding of any violation with respect to such laws. |
| (f) | SWITZERLAND |
| Item 3. | Source and Amount of Funds or Other Consideration |
The Reporting Person acquired the shares of common stock of ELASTIC NV on behalf of its institutional clients who are managed on a discretionary basis. The purchase cost is approximately USD 423'217'533. The source of the funds comes from our institutional clients' assets
The funds used for the acquisition did not involve any financing or borrowing. | |
| Item 4. | Purpose of Transaction |
The Reporting Person acquired shares of ELASTIC NV as part of its investment strategy, which includes considering the clarity and robustness of the issuer's long-term strategy; the functioning and calibre of governance structures and effective leadership; the financial strength and performance of issuers and the fair valuation of underlying securities; and financially-material sustainability risks & opportunities. The Reporting Person is therefore actively engaging with the Issuer to discuss and promote initiatives that align with these business practices.
This engagement is part of the Reporting Person's broader strategy to support companies in enhancing their approach, thereby potentially improving long-term shareholder value. As such, the Reporting Person may seek to influence the Issuer's policies and practices through discussions with the Boards and management of the companies in which we invest.
The Reporting Person does not currently have any plans or proposals that would result in a change in control of the Issuer, nor does it intend to acquire additional shares for the purpose of gaining control. However, the Reporting Person reserves the right to change its intentions and take any actions that it deems appropriate in light of its ongoing engagement and evaluation of the Issuer's policies and practices. | |
| Item 5. | Interest in Securities of the Issuer |
| (a) | Pictet Asset Management SA manages 5'288'262.00 shares of ELASTIC NV , which represents 5.02% of the total number of shares. |
| (b) | Pictet Asset Management SA has the Sole power to vote on 5'274'370 shares out of the 5'288'262 shares under management.
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| (c) | In the past sixty days, the following transactions have been done :
Date Type Quantity Price Exchange
23.01.2026 BUY 55'798 71.71 New York Stock Exchange
23.01.2026 BUY 36'287 71.70 New York Stock Exchange
23.01.2026 BUY 103'174 71.74 New York Stock Exchange
23.01.2026 BUY 27'188 71.77 New York Stock Exchange
22.01.2026 BUY 1'246 70.60 New York Stock Exchange
20.01.2026 BUY 26'241 70.42 New York Stock Exchange
20.01.2026 BUY 28'923 70.42 New York Stock Exchange
16.01.2026 SELL 60 71.38 New York Stock Exchange
15.01.2026 BUY 205'067 74.19 New York Stock Exchange
15.01.2026 BUY 43'204 74.27 New York Stock Exchange
15.01.2026 BUY 62'194 74.25 New York Stock Exchange
15.01.2026 BUY 64'215 73.88 New York Stock Exchange
15.01.2026 BUY 1'622 74.19 New York Stock Exchange
15.01.2026 BUY 586 74.25 New York Stock Exchange
15.01.2026 BUY 448 74.27 New York Stock Exchange
15.01.2026 BUY 601 73.88 New York Stock Exchange
15.01.2026 BUY 52 72.81 New York Stock Exchange
15.01.2026 BUY 13'448 74.27 New York Stock Exchange
15.01.2026 BUY 63'678 74.19 New York Stock Exchange
15.01.2026 BUY 19'341 74.25 New York Stock Exchange
12.01.2026 SELL 426 76.69 New York Stock Exchange
08.01.2026 SELL 1'996 74.53 New York Stock Exchange
06.01.2026 BUY 1'380 75.61 New York Stock Exchange
05.01.2026 BUY 1'568 74.31 New York Stock Exchange
31.12.2025 SELL 4'775 76.07 New York Stock Exchange
23.12.2025 SELL 7'721 76.86 New York Stock Exchange
19.12.2025 BUY 341 76.42 New York Stock Exchange
18.12.2025 SELL 1'944 76.17 New York Stock Exchange
17.12.2025 SELL 106 74.52 New York Stock Exchange
17.12.2025 SELL 437 74.52 New York Stock Exchange
16.12.2025 BUY 67 74.98 New York Stock Exchange
12.12.2025 SELL 17 76.31 New York Stock Exchange
11.12.2025 SELL 8'587 78.55 New York Stock Exchange
09.12.2025 BUY 17'817 74.97 New York Stock Exchange
09.12.2025 BUY 88 75.55 New York Stock Exchange
01.12.2025 SELL 2'065 71.09 New York Stock Exchange
28.11.2025 BUY 1'343 70.53 New York Stock Exchange
28.11.2025 BUY 242 70.53 New York Stock Exchange
25.11.2025 BUY 714 69.53 New York Stock Exchange
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| (d) | The securities reported herein come from the assets of our institutional clients who are managed by the Reporting Person on a discretionary basis. Consequently, our clients have the right to receive dividends and any proceeds from the sale of the Issuer's securities, in proportion to their respective managed assets.
The Reporting Person itself does not have any direct economic interest in the dividends or sale proceeds from the securities of ELASTIC NV, other than its entitlement to management fees and / or performance-based compensation, as agreed upon with its clients. The Reporting Person's role is limited to managing the investments in accordance with the investment objectives and strategies set forth by each of its institutional clients.
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| (e) | Not applicable |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer |
The Reporting Person's exposure to ELASTIC NV is solely through direct stock investments held by its managed institutional clients. There are no contracts, arrangements, understandings, or relationships with any third parties regarding the securities of ELASTIC NV, other than those arising from the ordinary course of discretionary management of our client assets.
The Reporting Person does not have any derivative positions, options, or other financial instruments related to the securities of the Issuer. Furthermore, there are no agreements or understandings that would influence the voting or disposition of these securities beyond the Reporting Person's discretionary investment authority as an asset manager.
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| Item 7. | Material to be Filed as Exhibits. |
N/A |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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