On July 1, 2022, Michelangelo Volpi resigned as a non-executive director and Vice-Chairman from the board of directors of Elastic N.V. and as a member of the Company's Compensation Committee, effective July 13, 2022. Mr. Volpi's resignation is not a result of any disagreement with the Company or its Board, or any matter relating to the Company's operations, policies or practices. On July 7, 2022, the Board appointed Sohaib Abbasi to replace Mr. Volpi as non-executive director, Vice-Chairman of the Board, and member of the Company's Compensation Committee, effective July 13, 2022.

Pursuant to Dutch law, the Board has also nominated Mr. Abbasi to stand for election to the Board as a non-executive director (the “Director Election”) at the annual general shareholder meeting in October 2022. Upon his election to the Board, Mr. Abbasi will continue to serve as a non-executive director of the Board, Vice-Chairman of the Board, and a member of the Company's Compensation Committee. Mr. Abbasi has served as a Member of the Executive Council of Balderton Capital, a venture capital firm, since January 2018 and as a Senior Advisor of TPG Global LLC, a private equity firm, since July 2017.

From July 2004 to August 2015, he served as the Chief Executive Officer of Informatica Corporation, a data integration company, where he also served as the Chair and a member of the board of directors from March 2004 to December 2015.