Atlassian (TEAM) CTO sells 4,009 shares in RSU tax-cover trades

Rhea-AI Filing Summary

Atlassian Corp Chief Technology Officer Rajeev Bashyam reported selling 4,009 shares of Class A Common Stock on February 17, 2026. The sales were executed in multiple open-market transactions and, according to the filing, were made solely to cover tax withholding obligations tied to the vesting and settlement of restricted stock units (RSUs), rather than as discretionary trades.

After these tax-related sales, Bashyam directly holds 215,988 Atlassian Class A shares.

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^*

RAJAN RAJEEV BASHYAM

(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 Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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	02/17/2026		S(1)		98	D	$85.833(2)	219,899	D
Class A Common Stock	02/17/2026		S(1)		16	D	$86.6414(3)	219,883	D
Class A Common Stock	02/17/2026		S(1)		1,488	D	$80.9743(4)	218,395	D
Class A Common Stock	02/17/2026		S(1)		2,126	D	$81.8994(5)	216,269	D
Class A Common Stock	02/17/2026		S(1)		89	D	$82.8972(6)	216,180	D
Class A Common Stock	02/17/2026		S(1)		128	D	$83.7795(7)	216,052	D
Class A Common Stock	02/17/2026		S(1)		64	D	$84.8204(8)	215,988	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 $85.44 to $86.43. 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 $86.57 to $86.73. 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 $80.42 to $81.41. 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 $81.42 to $82.41. 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.

6. This transaction was executed in multiple trades during the day at prices ranging from $82.42 to $83.41. 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.

7. This transaction was executed in multiple trades during the day at prices ranging from $83.42 to $84.41. 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.

8. This transaction was executed in multiple trades during the day at prices ranging from $84.42 to $85.30. 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 RAJAN RAJEEV BASHYAM	02/18/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

How many Atlassian (TEAM) shares did CTO Rajeev Bashyam sell?

Rajeev Bashyam sold 4,009 shares of Atlassian Class A Common Stock. These shares were sold in multiple open-market transactions on February 17, 2026, and were tied to tax withholding obligations from vesting restricted stock units.

Why did Atlassian CTO Rajeev Bashyam sell shares of TEAM?

The sale was made to cover tax withholding obligations from vesting and settlement of RSUs. The filing states it was a “sell to cover” transaction for taxes and does not represent a discretionary trade by Rajeev Bashyam.

What type of transactions did Rajeev Bashyam execute in Atlassian stock?

He executed open-market sales of Atlassian Class A Common Stock. The filing describes these as sales in the open market or private transactions, conducted to satisfy tax withholding related to restricted stock unit vesting.

How many Atlassian shares does Rajeev Bashyam hold after the reported sales?

Following the reported transactions, Rajeev Bashyam directly holds 215,988 shares of Atlassian Class A Common Stock. This post-transaction balance reflects his remaining direct ownership after the 4,009 shares were sold for tax withholding purposes.

Were Rajeev Bashyam’s Atlassian share sales discretionary trades?

No, the filing states the sales were not discretionary. They were executed as a “sell to cover” arrangement, specifically to fund tax withholding obligations arising from the vesting and settlement of restricted stock units.

On what date did Atlassian CTO Rajeev Bashyam sell TEAM shares?

All of the reported transactions occurred on February 17, 2026. On that date, multiple open-market sales were executed to sell a total of 4,009 Atlassian Class A shares to satisfy related tax withholding obligations.