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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13D 0001361570 XXXXXXXX LIVE COMMON STOCK 01/23/2026 false 0001707753 N14506104 Elastic N.V. KEIZERSGRACHT 281 AMSTERDAM P7 1016 ED Mathieu CORNU 0041583234506 Route des Acacias 60 Geneva V8 1211 0001361570 N PICTET ASSET MANAGEMENT SA WC N V8 5274370.00 0.00 5288262.00 0.00 5288262.00 N 5.0 IA COMMON STOCK Elastic N.V. KEIZERSGRACHT 281 AMSTERDAM P7 1016 ED Pictet Asset Management SA 60 ROUTE DES ACACIAS GENEVA 73 1211 SWITZERLAND Investment Adviser The Reporting Person has not been, during the last five years, convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). 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. SWITZERLAND 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. 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. Pictet Asset Management SA manages 5'288'262.00 shares of ELASTIC NV , which represents 5.02% of the total number of shares. Pictet Asset Management SA has the Sole power to vote on 5'274'370 shares out of the 5'288'262 shares under management. 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 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. Not applicable 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. N/A PICTET ASSET MANAGEMENT SA Karine Valtanen Karine Valtanen Global Head of Compliance 01/26/2026