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  4. [Form 4] Atlassian Corp Insider Trading Activity

Atlassian (TEAM) CTO reports tax-related Class A share sales

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Atlassian Corporation’s Chief Technology Officer, Rajan Rajeev Bashyam, reported automatic sales of Class A common stock on 11/19/2025. The Form 4 shows four sale transactions totaling several thousand shares at prices around $146.6924, $149.6166, $148.6424, and $147.6287 per share. After these sales, he beneficially owns 219,997 Class A shares directly.

The filing explains that the shares were sold solely to cover tax withholding obligations related to the vesting and settlement of restricted stock units through a “sell to cover” arrangement, and are described as non‑discretionary transactions by the reporting person.

Positive

  • None.

Negative

  • None.
Insider RAJAN RAJEEV BASHYAM
Role Chief Technology Officer
Sold 3,017 shs ($445K)
Type Security Shares Price Value
Sale Class A Common Stock 1,350 $146.6924 $198K
Sale Class A Common Stock 242 $149.6166 $36K
Sale Class A Common Stock 279 $148.6424 $41K
Sale Class A Common Stock 1,146 $147.6287 $169K
Holdings After Transaction: Class A Common Stock — 221,664 shares (Direct)
Footnotes (1)
  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. This transaction was executed in multiple trades during the day at prices ranging from $146.22 to $147.21. 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. This transaction was executed in multiple trades during the day at prices ranging from $149.22 to $150.09. 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. This transaction was executed in multiple trades during the day at prices ranging from $148.22 to $149.21. 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. This transaction was executed in multiple trades during the day at prices ranging from $147.22 to $148.21. 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.
Form 4 Insider Transactions: What Each Field Means →
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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)
11/19/2025
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 11/19/2025 S(1) 1,350 D $146.6924(2) 221,664 D
Class A Common Stock 11/19/2025 S(1) 242 D $149.6166(3) 221,422 D
Class A Common Stock 11/19/2025 S(1) 279 D $148.6424(4) 221,143 D
Class A Common Stock 11/19/2025 S(1) 1,146 D $147.6287(5) 219,997 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 $146.22 to $147.21. 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 $149.22 to $150.09. 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 $148.22 to $149.21. 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.
5. This transaction was executed in multiple trades during the day at prices ranging from $147.22 to $148.21. 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 RAJAN RAJEEV BASHYAM 11/20/2025
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Atlassian (TEAM) disclose in this Form 4?

The Form 4 reports that Chief Technology Officer Rajan Rajeev Bashyam sold Class A common stock of Atlassian Corp (TEAM) on 11/19/2025 in several market transactions.

How many Atlassian (TEAM) shares does the CTO own after the reported sales?

Following the reported transactions, the CTO beneficially owns 219,997 shares of Atlassian Class A common stock in direct ownership.

At what prices were the Atlassian (TEAM) shares sold in this Form 4?

The reported sales of Atlassian Class A shares were executed at weighted average prices of approximately $146.6924, $149.6166, $148.6424, and $147.6287 per share, each based on multiple trades during the day.

Why did Atlassian’s CTO sell shares according to this Form 4?

The filing states that the sales represent shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs through a “sell to cover” transaction, and are not discretionary trades by the reporting person.

Does the Atlassian (TEAM) Form 4 mention Rule 10b5-1 trading plans?

The form includes a checkbox for transactions made under a contract or written plan intended to satisfy Rule 10b5‑1(c) affirmative defense conditions, but the excerpt does not indicate that this box was checked.

Who signed the Atlassian (TEAM) Form 4 for the CTO?

The Form 4 was signed by /s/ Veena Bhatia as attorney‑in‑fact for Rajan Rajeev Bashyam on 11/20/2025.