Tax-driven stock sale by Atlassian (TEAM) chief revenue officer detailed in Form 4

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Atlassian Corp Chief Revenue Officer Brian Duffy reported selling 7,017 shares of Class A Common Stock in open-market transactions on May 14, 2026. The filing states these sales were executed to cover tax withholding obligations arising from the vesting and settlement of restricted stock units through a mandated “sell to cover” arrangement.

According to the disclosure, the transactions were not discretionary trades by Duffy but were carried out specifically to satisfy tax obligations triggered by equity compensation vesting. The shares were sold in multiple trades during the day at prices in the low-$80 range.

Insider Trade Summary

Net Seller: 7,017 shares ($567,108)

Net Sell 5 txns

Insider DUFFY BRIAN

Role Chief Revenue Officer

Sold 7,017 shs ($567K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	1,902	$81.8537	$156K
Sale	Class A Common Stock	98	$82.3413	$8K
Sale	Class A Common Stock	1,130	$79.9354	$90K
Sale	Class A Common Stock	3,543	$80.6956	$286K
Sale	Class A Common Stock	344	$78.8407	$27K

Holdings After Transaction: Class A Common Stock — 243,942 shares (Direct, null)

Footnotes (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 $81.29 to $82.28. 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 $82.29 to $82.48. 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 $79.29 to $80.28. 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 $80.29 to $81.28. 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 $78.29 to $79.28. 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.

Key Figures

Total shares sold: 7,017 shares Block sale 1: 344 shares at $78.8407/share Block sale 2: 3,543 shares at $80.6956/share +3 more

6 metrics

Total shares sold 7,017 shares Net open-market sales on May 14, 2026 to cover tax withholding

Block sale 1 344 shares at $78.8407/share Class A Common Stock sale on May 14, 2026

Block sale 2 3,543 shares at $80.6956/share Class A Common Stock sale on May 14, 2026

Block sale 3 1,130 shares at $79.9354/share Class A Common Stock sale on May 14, 2026

Block sale 4 98 shares at $82.3413/share Class A Common Stock sale on May 14, 2026

Block sale 5 1,902 shares at $81.8537/share Class A Common Stock sale on May 14, 2026

Key Terms

restricted stock units, sell to cover, open market or private transaction, Class A Common Stock, +1 more

5 terms

restricted stock units financial

"in connection with the vesting and settlement of RSUs."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

sell to cover financial

"to be funded by a "sell to cover" transaction and does not represent"

Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.

open market or private transaction financial

"Sale in open market or private transaction"

Class A Common Stock financial

"security_title": "Class A Common Stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

tax withholding obligations financial

"shares sold by the Reporting Person to cover tax withholding obligations"

Form 4 Insider Transactions: What Each Field Means →

05/15/2026 - 04:19 PM

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^*

DUFFY BRIAN

(Last)

(First)

(Middle)

C/O ATLASSIAN CORPORATION

350 BUSH STREET, FLOOR 13

(Street)

SAN FRANCISCO

CALIFORNIA

94104

(City)

(State)

(Zip)

UNITED STATES

(Country)

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 Revenue Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/14/2026		S⁽¹⁾		1,902	D	$81.8537⁽²⁾	243,942	D
Class A Common Stock	05/14/2026		S⁽¹⁾		98	D	$82.3413⁽³⁾	243,844	D
Class A Common Stock	05/14/2026		S⁽¹⁾		1,130	D	$79.9354⁽⁴⁾	242,714	D
Class A Common Stock	05/14/2026		S⁽¹⁾		3,543	D	$80.6956⁽⁵⁾	239,171	D
Class A Common Stock	05/14/2026		S⁽¹⁾		344	D	$78.8407⁽⁶⁾	238,827	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 $81.29 to $82.28. 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 $82.29 to $82.48. 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 $79.29 to $80.28. 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 $80.29 to $81.28. 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 $78.29 to $79.28. 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 DUFFY BRIAN	05/15/2026
	** 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.
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Atlassian (TEAM) report for Brian Duffy?

Atlassian reported that Chief Revenue Officer Brian Duffy sold 7,017 Class A shares. The Form 4 shows multiple open-market transactions executed on May 14, 2026, all related to covering tax withholding obligations from vested restricted stock units.

Why did Atlassian (TEAM) CRO Brian Duffy sell 7,017 shares?

The filing explains Duffy’s sale was to cover tax withholding obligations from RSU vesting. Shares were sold under a “sell to cover” arrangement, meaning stock was automatically sold to pay taxes rather than through a discretionary trading decision.

On what date and at what prices were Atlassian (TEAM) shares sold?

All reported sales occurred on May 14, 2026. Individual transactions list prices around $79–$82 per share, and footnotes note multiple trades during the day within price ranges roughly spanning the high-$70s to low-$80s per share.

Was the Brian Duffy Atlassian (TEAM) stock sale discretionary?

The Form 4 states the sale was not a discretionary transaction by Duffy. It was executed specifically to satisfy tax withholding obligations tied to RSU vesting through a pre-arranged “sell to cover” mechanism, rather than an optional open-market decision.

What type of security did Brian Duffy sell in the Atlassian (TEAM) filing?

The transactions involved Atlassian’s Class A Common Stock. These shares were sold following the vesting and settlement of restricted stock units, converting RSUs into common shares that were then partially sold to cover associated tax liabilities.

Does the Atlassian (TEAM) Form 4 mention derivative or option exercises?

No derivative or option exercises are shown in this Form 4. All reported entries are non-derivative transactions in Class A Common Stock, tied to the vesting and settlement of restricted stock units and related tax withholding sales.