SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

Elastic N.V.

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

N14506104

(CUSIP Number)

Mathieu CORNU
Route des Acacias 60,
Geneva, V8, 1211
0041583234506

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/19/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Checkbox not checked

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP Number(s):

N14506104

Name of reporting person

PICTET ASSET MANAGEMENT SA

Check the appropriate box if a member of a Group (See Instructions)

(a)

(b)

SEC use only

Source of funds (See Instructions)

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

Checkbox not checked

Citizenship or place of organization

SWITZERLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,377,364.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,393,567.00
10	Shared Dispositive Power 0.00

Aggregate amount beneficially owned by each reporting person

5,393,567.00

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in Row (11)

5.2 %

Type of Reporting Person (See Instructions)

SCHEDULE 13D

Item 1.

Security and Issuer

(a)

Title of Class of Securities:

COMMON STOCK

(b)

Name of Issuer:

Elastic N.V.

(c)

Address of Issuer's Principal Executive Offices:

33 NEW MONTGOMERY ST., 33 NEW MONTGOMERY ST., SAN FRANCISCO, CALIFORNIA , 94105.

Item 2.

Identity and Background

(a)

Pictet Asset Management SA

(b)

60 ROUTE DES ACACIAS GENEVA 73 1211 SWITZERLAND

(c)

Investment Adviser

(d)

The Reporting Person has not been, during the last five years, convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e)

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.

(f)

SWITZERLAND

Item 3.

Source and Amount of Funds or Other Consideration

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 400,837,088.72. The source of the funds comes from our institutional clients' assets The funds used for the acquisition did not involve any financing or borrowing.

Item 4.

Purpose of Transaction

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.

Item 5.

Interest in Securities of the Issuer

(a)

Pictet Asset Management SA manages 5,393,567 shares of Elastic NV , which represents 5.18% of the total number of shares.

(b)

Pictet Asset Management SA has the Sole power to vote on 5,377,364 shares out of the 5,393,567 shares under management.

(c)

Date Type Quantity Price Exchange 23.06.2026 SELL 15180 59.23 New York Stock Exchange 23.06.2026 BUY 83 58.98 New York Stock Exchange 24.06.2026 SELL 393 58.71 New York Stock Exchange 25.06.2026 SELL 136 53.60 New York Stock Exchange 26.06.2026 SELL 199 56.24 New York Stock Exchange 26.06.2026 SELL 292 56.24 New York Stock Exchange 26.06.2026 SELL 3290 56.24 New York Stock Exchange 30.06.2026 BUY 222 57.02 New York Stock Exchange 01.07.2026 SELL 594 58.45 New York Stock Exchange 02.07.2026 SELL 75192 58.16 New York Stock Exchange 06.07.2026 SELL 938 58.54 New York Stock Exchange 07.07.2026 SELL 18602 58.96 New York Stock Exchange 07.07.2026 BUY 79 59.46 New York Stock Exchange 09.07.2026 BUY 79 62.06 New York Stock Exchange 09.07.2026 SELL 79 62.06 New York Stock Exchange 09.07.2026 SELL 1359 62.06 New York Stock Exchange 14.07.2026 BUY 1840 61.34 New York Stock Exchange 14.07.2026 SELL 9804 62.26 New York Stock Exchange 15.07.2026 SELL 301 62.24 New York Stock Exchange 15.07.2026 SELL 69773 63.55 New York Stock Exchange 16.07.2026 SELL 16697 61.55 New York Stock Exchange 21.07.2026 SELL 33746 60.26 New York Stock Exchange 23.07.2026 BUY 77 57.33 New York Stock Exchange 24.07.2026 SELL 552 58.68 New York Stock Exchange 31.07.2026 SELL 23251 64.68 New York Stock Exchange 31.07.2026 SELL 15107 64.94 New York Stock Exchange 31.07.2026 BUY 212 65.79 New York Stock Exchange 31.07.2026 SELL 63580 64.62 New York Stock Exchange 06.08.2026 SELL 9704 67.37 New York Stock Exchange 07.08.2026 SELL 173 75.11 New York Stock Exchange 14.08.2026 BUY 8424 86.12 New York Stock Exchange 14.08.2026 BUY 42422 86.12 New York Stock Exchange 17.08.2026 SELL 16465 83.44 New York Stock Exchange 18.08.2026 BUY 76 85.01 New York Stock Exchange 19.08.2026 SELL 150728 85.96 New York Stock Exchange 19.08.2026 SELL 1430 85.96 New York Stock Exchange 19.08.2026 BUY 15063 86.04 New York Stock Exchange 19.08.2026 BUY 15063 86.04 New York Stock Exchange

(d)

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.

(e)

Not applicable

Item 6.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

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.

Item 7.

Material to be Filed as Exhibits.

N/A

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

PICTET ASSET MANAGEMENT SA

Signature:	Karine Valtanen
Name/Title:	Global Head of Compliance
Date:	08/20/2026