[144] Atlassian Corporation SEC Filing
Rhea-AI Filing Summary
Form 144 notice for Atlassian Corporation (TEAM) reports a proposed sale of 3,026 restricted common shares by the named person through Morgan Stanley Smith Barney LLC on 08/19/2025, with an aggregate market value of $504,216.03. The shares were acquired as restricted stock on 08/18/2025 from the issuer and paid for on that date. The filer also disclosed two recent sales by the same person: 3,517 shares sold on 08/14/2025 for $574,768.54 and 2,845 shares sold on 06/05/2025 for $625,900.00. The filing includes the required representation that the seller is not aware of undisclosed material adverse information.
Positive
- Timely compliance with Rule 144 disclosure requirements including broker details and representations
- Full disclosure of acquisition date, nature (restricted stock), and payment details for the shares to be sold
Negative
- None.
Insights
TL;DR: Routine Rule 144 notice disclosing a small restricted-stock sale and recent insider dispositions; appears compliant and procedural.
The filing documents a proposed sale of 3,026 restricted common shares by the registrant's insider through Morgan Stanley Smith Barney LLC, acquired 08/18/2025 and slated for sale 08/19/2025. The disclosure also lists two prior sales in the past three months totaling 6,362 shares and roughly $1.2 million in gross proceeds. From a compliance perspective the form contains the standard representations and broker details required under Rule 144. There is no information in the filing indicating undisclosed material adverse facts or deviations from required disclosures.
TL;DR: Insider sales are disclosed but represent a very small fraction of outstanding shares, signaling limited immediate market impact.
The proposed sale value of $504,216.03 versus the issuer's reported 262,334,536 outstanding shares indicates the transaction is immaterial to overall capitalization. The presence of multiple sales in recent months is notable for monitoring insider behavior, but the filing provides no operational or financial performance data to suggest material change in company fundamentals. This notice should be viewed as a transparency disclosure rather than a corporate-development signal.