Elastic N.V.

14. Employee Benefit Plans

The Company has a defined-contribution plan in the United States intended to qualify under Section 401 of the Internal Revenue Code (the “401(k) Plan”). The Company has contracted with a third-party provider to act as the 401(k) Plan’s custodian and trustee, and to process and maintain the records of participant data. Substantially all the expenses incurred for administering the 401(k) Plan are paid by the Company. The 401(k) Plan covers substantially all U.S. employees who meet minimum age and service requirements and allows participants to defer a portion of their annual compensation. The Company makes contributions to the 401(k) Plan of up to 6% of the participating employee’s 401(k) eligible wages. The Company recorded $5.2 million and $10.9 million for the three and six months ended October 31, 2025, respectively, and $4.6 million and $9.8 million for the three and six months ended October 31, 2024, respectively, related to the 401(k) Plan.

The Company also has defined-contribution and other employee benefit plans in certain other countries for which the Company recorded $3.9 million and $8.2 million for the three and six months ended October 31, 2025, respectively, and $3.4 million and $7.4 million for the three and six months ended October 31, 2024, respectively.