Ashutosh Kulkarni is the CEO of Elastic N.V., where he has been driving the company's vision since January 2022. Before becoming CEO, Kulkarni served as Chief Product Officer, showcasing his deep understanding of product development. He has a strong educational...

Ashutosh Kulkarni is the CEO of Elastic N.V., where he has been driving the company's vision since January 2022. Before becoming CEO, Kulkarni served as Chief Product Officer, showcasing his deep understanding of product development. He has a strong educational background with an MBA from the Wharton School and a Bachelor's degree in Computer Engineering. Prior to joining Elastic, he held significant roles at McAfee and Akamai, focusing on cloud services and cybersecurity. Under his leadership, Elastic has set clear performance goals tied to key metrics like revenue and operating margins, reflecting a serious focus on growth. On the trading side, he's been active, selling millions in company stocks between 2021 and 2022, peaking at $11.93 million in April 2022. Kulkarni's decisions are closely tied to performance, emphasizing accountability and transparency in leadership.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Elastic CEOs

E

Ashutosh Kulkarni

CEO of Elastic

Education

MBA from the Wharton School of the University of Pennsylvania and a Bachelor's degree in Computer Engineering from the University of Mumbai

Field of Expertise

Technology & Engineering - Technology

Sector of Economy

Technology

Born

May 1, 1973 - 51 years ago

CEO of Elastic for

3 years 2 months (Jan 2022 - Present)

Previous Experience

Chief Product Officer at Elastic, previously held leadership roles at various tech companies including Cisco and Juniper Networks

Rivals

Competitors/colleagues of Ashutosh Kulkarni

P

Jennifer Tejada

CEO of PagerDuty

2023 Compensation

Stock

$7.50M

Salary

$600.00K

Bonus

$297.36K

Other

$14.55K

Total Holdings

$22.20M

Z

Jay Chaudhry

Founder and CEO of Zscaler

2022 Compensation

Stock

$41.51M

Salary

$23.66K

Bonus

$0.00

Other

$0.00

Total Holdings

$513.27M

S

William R. McDermott

CEO of ServiceNow

2023 Compensation

Stock

$0.00

Salary

$1.35M

Bonus

$3.15M

Other

$351.09K

Total Holdings

$11.00M

C

Matthew Prince

Founder and CEO of Cloudflare, Inc.

2023 Compensation

Stock

$18.33M

Salary

$400.00K

Bonus

$0.00

Other

$783.96K

Total Holdings

$51.04M

U

Daniel Dines

Founder and CEO of UiPath

2022 Compensation

Stock

$0.00

Salary

$6.02K

Bonus

$0.00

Other

$765.82K

Total Holdings

$344.13M

M

Dev Ittycheria

Founder and CEO of MongoDB

2023 Compensation

Stock

$0.00

Salary

$400.00K

Bonus

$420.00K

Other

$31.89K

Total Holdings

$62.31M

Holdings

See how much did Ashutosh Kulkarni make over time.

Ashutosh Kulkarni's stock holdings show significant activity over the past few years. He achieved notable peaks, selling shares valued at $11.93 million in April 2022, reflecting confidence in his company's direction. His trading pattern shows that he has been strategic,...

Ashutosh Kulkarni's stock holdings show significant activity over the past few years. He achieved notable peaks, selling shares valued at $11.93 million in April 2022, reflecting confidence in his company's direction. His trading pattern shows that he has been strategic, capitalizing on stock price movements while retaining a substantial portion in the company. In early 2023, he saw his holdings rise to $21 million, indicating a strong trust in Elastic's growth potential. Over time, despite fluctuations, his wealth has dramatically increased, climaxing at around $48 million just last year, demonstrating both his financial strategy and belief in the company he leads.

Total Stock Sold

$17.92M

ESTC

$17.92M

193,500 ESTC shares

What if they kept their stock?

If Ashutosh Kulkarni didn't sell their stock, today they would have:
Extra ESTC193,500 shares worth $10.45M.
This is -41.7% and $7.47M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Ashutosh Kulkarni.

ESTC

$514.60K

ESTC at $102.92/share

Mar 25, 2025

Sale

ESTC

$1.70M

ESTC at $90.77/share

Mar 10, 2025

Sale

ESTC

$758.69K

ESTC at $108.12/share

Dec 18, 2024

Sale

ESTC

$1.74M

ESTC at $108.71/share

Dec 9, 2024

Sale

ESTC

$476.48K

ESTC at $111.51/share

Dec 6, 2024

Sale

ESTC

$1.12M

ESTC at $112.17/share

Dec 2, 2024

Sale

ESTC

$1.38M

ESTC at $70.25/share

Sep 9, 2024

Sale

ESTC

$1.06M

ESTC at $109.88/share

Jun 24, 2024

Sale

ESTC

$2.07M

ESTC at $109.90/share

Jun 8, 2024

Sale

ESTC

116,226 shares

ESTC

Jun 8, 2024

Received

Compensation History

See how much did Ashutosh Kulkarni make over time.

In 2023, Ashutosh Kulkarni received a total compensation of $12.65 million, including a base salary of $600,000 and performance-based bonuses that reached up to $598,175. His pay reflects a strong alignment with company performance, as he's evaluated on metrics like Cloud Revenue and Non-GAAP Operating Margin. Notably, there were no vested stock options reported for 2023, which highlights a focus on cash payments. His compensation structure suggests a well-formed strategy to link pay directly to the company’s performance, which can motivate him and the team to achieve set targets. In comparison, 2022 saw him earning slightly less, around $12.5 million, showing a steady growth trajectory in both leadership and financial returns.

Year

2023

Total Compensation

$1.22M

Salary

$600.00K

Board Justification

The compensation philosophy emphasizes a pay-for-performance approach, aligning executive compensation with company performance and shareholder interests.

Bonus

$598.18K

Board Justification

The bonus is based on the achievement of predetermined performance metrics under the Executive Bonus Plan for fiscal year 2024.

Other

$19.80K

Board Justification

This includes contributions made under the Section 401(k) plan.

Restricted Stock

$0.00(0 RSU)

Board Justification

No vested stock is reported for the year 2023 as the focus is on cash compensation and performance-based bonuses.

Performance Metrics

The performance metrics for the bonus plan include Cloud Revenue, Total Revenue, and Non-GAAP Operating Margin.

Other Elastic CEOs

Here are other CEOs of Elastic

Shay Banon

Founder and Ex-CEO of Elastic

October 2012 - January 2022