Atlassian (TEAM) CFO executes 1,653-share sell-to-cover tax transaction

Rhea-AI Filing Summary

Atlassian Corp Chief Financial Officer sells shares to cover taxes. Joseph Leo Binz reported selling a total of 1,653 shares of Atlassian Class A Common Stock on February 19, 2026 in several open-market transactions, at prices generally in the low-$80 range per share.

The footnotes explain that these sales were made solely to cover tax withholding obligations arising from the vesting and settlement of restricted stock units under a "sell to cover" arrangement, and are described as non-discretionary transactions. Following these sales, Binz directly held 208,639 shares of Atlassian Class A Common Stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BINZ JOSEPH LEO

(Last) (First) (Middle)

C/O ATLASSIAN CORPORATION

350 BUSH STREET, FLOOR 13

(Street)

SAN FRANCISCO CA 94104

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Atlassian Corp [ TEAM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	02/19/2026		S(1)		204	D	$82.6035(2)	210,088	D
Class A Common Stock	02/19/2026		S(1)		711	D	$81.6349(3)	209,377	D
Class A Common Stock	02/19/2026		S(1)		40	D	$83.5503(4)	209,337	D
Class A Common Stock	02/19/2026		S(1)		698	D	$80.5662(5)	208,639	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.

2. This transaction was executed in multiple trades during the day at prices ranging from $82.22 to $83.21. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

3. This transaction was executed in multiple trades during the day at prices ranging from $81.22 to $82.21. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

4. This transaction was executed in multiple trades during the day at prices ranging from $83.22 to $83.93. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

5. This transaction was executed in multiple trades during the day at prices ranging from $80.22 to $81.21. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

Remarks:

	/s/ Veena Bhatia, Attorney-in-Fact for BINZ JOSEPH LEO	02/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Atlassian (TEAM) disclose for its CFO?

Atlassian disclosed that Chief Financial Officer Joseph Leo Binz sold 1,653 shares of Class A Common Stock. The transactions occurred on February 19, 2026, as open-market sales associated with a sell-to-cover arrangement linked to RSU vesting and tax withholding obligations.

Why did Atlassian (TEAM) CFO Joseph Leo Binz sell 1,653 shares?

The filing states the sale was undertaken to cover tax withholding obligations from vesting and settlement of restricted stock units. It was executed as a “sell to cover” transaction and is specifically described as non-discretionary, rather than a voluntary decision to reduce his investment stake.

At what prices did the Atlassian (TEAM) CFO’s February 19, 2026 sales occur?

Reported weighted-average prices range around the low-$80s, including $82.6035, $81.6349, $83.5503 and $80.5662 per share. Footnotes note multiple trades in ranges roughly between $80.22 and $83.93, with full trade details available upon request to appropriate parties.

How many Atlassian (TEAM) shares does the CFO hold after these transactions?

After completing the February 19, 2026 sell-to-cover transactions, Chief Financial Officer Joseph Leo Binz directly held 208,639 shares of Atlassian Class A Common Stock. The Form 4 explicitly reports this post-transaction ownership figure, reflecting his remaining direct equity position in the company.

Were the Atlassian (TEAM) CFO’s February 2026 stock sales discretionary?

The filing specifies that the sales did not represent discretionary transactions by the reporting person. Instead, they were mandated “sell to cover” trades executed to satisfy tax withholding obligations triggered by the vesting and settlement of restricted stock units previously granted.

How many individual sale transactions did Atlassian (TEAM) report for its CFO?

The Form 4 lists four separate non-derivative sale entries of Atlassian Class A Common Stock on February 19, 2026. Each entry has its own share amount and weighted-average price, and related footnotes describe that trades occurred in multiple price increments within specified intraday ranges.