Herzog Carolyn sold ~$575K in ESTC stock
ESTC (ESTC) · Chief Legal Officer · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
Trade Details · Public SEC Filing
Insider
Herzog Carolyn
Role
Chief Legal Officer
Transaction
Open-Market Sale
Approx. Value
~$575K
Trade Date
Jun 9, 2026
Company
ESTC
Ticker
ESTCSource
SEC EDGAR Form 4
Why This Trade Stands Out
Strong conviction signal
Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.
~$575K sale
A significant position. Insiders who invest $500K+ of their own money typically have strong views on their company's near-term outlook.
Chief Legal Officer
Corporate insiders must file trades with the SEC within 2 business days. Their unique access to non-public information makes these filings valuable data points.
How good is Herzog Carolyn at picking stocks?
Full track record: win rate, average return, and performance vs S&P 500
On June 9, 2026, Herzog Carolyn — Chief Legal Officer of ESTC — filed a Form 4 with the SEC disclosing an open-market sale of approximately ~$575K in ESTC (ESTC) stock.
Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.
VeritySignals Conviction Analysis
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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.
At a Glance
More ESTC Insider Activity
Exner Ken
Jun 9, 2026
~$1.1M
VS
Dodds Mark Eugene
Jun 9, 2026
~$1.1M
VS
Kulkarni Ashutosh
Jun 9, 2026
~$2.4M
VS
Welihinda Navam
Jun 9, 2026
~$786K
STRONG
How to Read Insider Trades
What is this?
When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.
Why does it matter?
Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.
What makes a trade "strong"?
We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.
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