Atlassian officer sells 67 shares to cover RSU taxes
Atlassian Corp Chief Accounting Officer Gene Liu reported small insider sales of Class A Common Stock that were automatically executed to cover taxes on vesting restricted stock units (RSUs).
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Form Type
4
Rhea-AI Filing Summary
Atlassian Corp Chief Accounting Officer Gene Liu reported small insider sales of Class A Common Stock that were automatically executed to cover taxes on vesting restricted stock units (RSUs).
The Form 4 shows an aggregate sale of 67 shares on May 19, 2026 across multiple open‑market transactions. After these sales, Liu directly holds 59,548 Class A shares, while an additional 120 shares are held indirectly by a spouse.
The footnotes state the transactions were "sell to cover" trades for tax withholding obligations and "do not represent a discretionary transaction" by the officer, indicating they were tied to equity compensation rather than an active decision to reduce ownership.
Insider Trade Summary
Net Seller: 67 shares
Net Sell
9 txns
Insider
LIU GENE
Role
Chief Accounting Officer
Sold
67 shs ($6K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 3 | $92.5293 | $277.59 |
| Sale | Class A Common Stock | 1 | $93.3917 | $93.39 |
| Sale | Class A Common Stock | 7 | $87.1729 | $610.21 |
| Sale | Class A Common Stock | 3 | $90.2923 | $270.88 |
| Sale | Class A Common Stock | 42 | $86.5858 | $4K |
| Sale | Class A Common Stock | 5 | $89.2253 | $446.13 |
| Sale | Class A Common Stock | 2 | $88.235 | $176.47 |
| Sale | Class A Common Stock | 4 | $91.379 | $365.52 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 59,484 shares (Direct);
Class A Common Stock — 120 shares (Indirect, See Footnote)
Footnotes (10)
- F1. 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.
- F10. Shares are held by spouse.
- F2. This transaction was executed in multiple trades during the day at prices ranging from $91.90 to $92.87. 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.
- F3. This transaction was executed in multiple trades during the day at prices ranging from $92.92 to $93.89. 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.
- F4. This transaction was executed in multiple trades during the day at prices ranging from $86.88 to $87.87. 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.
- F5. This transaction was executed in multiple trades during the day at prices ranging from $89.88 to $90.87. 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.
- F6. This transaction was executed in multiple trades during the day at prices ranging from $85.88 to $86.88. 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.
- F7. This transaction was executed in multiple trades during the day at prices ranging from $88.88 to $89.87. 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.
- F8. This transaction was executed in multiple trades during the day at prices ranging from $87.88 to $88.87. 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.
- F9. This transaction was executed in multiple trades during the day at prices ranging from $90.88 to $91.84. 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
Shares sold: 67 shares
Example sale price: $91.3790 per share
Direct holdings after sale: 59,548 shares
+1 more
4 metrics
Shares sold
67 shares
Aggregate open-market sales on May 19, 2026
Example sale price
$91.3790 per share
One of several reported trade prices on May 19, 2026
Direct holdings after sale
59,548 shares
Class A Common Stock directly owned following transactions
Indirect holdings via spouse
120 shares
Class A Common Stock held by spouse, reported as indirect ownership
Key Terms
RSUs, sell to cover, tax withholding obligations, Class A Common Stock
4 terms
RSUs financial
"in connection with the vesting and settlement of RSUs."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
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.
tax withholding obligations financial
"shares sold by the Reporting Person to cover tax withholding obligations in connection"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Atlassian (TEAM) insider Gene Liu report in this Form 4?
Atlassian Chief Accounting Officer Gene Liu reported selling 67 shares of Class A Common Stock. The filing explains these sales were automatic “sell to cover” trades to satisfy tax withholding from RSU vesting, rather than discretionary portfolio decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
