[144] Atlassian Corporation SEC Filing
Rhea-AI Filing Summary
Form 144 notice for Atlassian Corporation (TEAM) shows that an individual plans to sell 7,728 shares of common stock, with an aggregate market value of $1,262,954.58, through Morgan Stanley Smith Barney on the NASDAQ. The filing lists the approximate sale date as 08/14/2025.
The shares were reported as acquired as restricted stock on 08/13/2025 from the issuer, with payment recorded the same date. The filer also reported a prior sale of 1,731 shares on 05/19/2025 for gross proceeds of $371,940.66. The form includes the standard representation that the seller is not aware of undisclosed material adverse information.
Positive
- Transparent disclosure of planned insider sale including broker, share count, and aggregate market value
- Acquisition recorded as restricted stock, indicating shares were received through issuer compensation and properly disclosed
Negative
- Insider liquidity event: planned sale of 7,728 shares valued at $1,262,954.58 could be interpreted negatively by some investors
- Prior sale reported: 1,731 shares sold on 05/19/2025 for $371,940.66, indicating recent insider selling activity
Insights
TL;DR: Insider plans to sell 7,728 TEAM shares (~$1.26M); prior sale of 1,731 shares in May reported.
This Form 144 documents a proposed sale of restricted shares by an insider through Morgan Stanley. The transaction size—7,728 shares valued at $1,262,954.58—is disclosed along with acquisition details showing the shares were acquired as restricted stock on 08/13/2025. A disclosed prior sale of 1,731 shares on 05/19/2025 generated $371,940.66. From a securities perspective, this is a routine insider sale notice meeting Rule 144 disclosure requirements; there is no additional financial performance data in the filing to alter valuation or revenue assumptions.
TL;DR: Filing shows compliance with Rule 144 disclosure; transactions appear to be routine insider sales.
The notice contains required representations about lack of undisclosed material information and provides broker, acquisition, and prior-sale details. The acquisition listed as restricted stock and the prompt filing indicate use of equity compensation. The disclosure enables stakeholders to track insider liquidity events but the filing itself does not provide company operational or governance changes.