Atlassian (NASDAQ: TEAM) CAO sells 67 shares in tax-related RSU transaction

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 ($5,877)

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 — 59,548 shares (Direct, null); Class A Common Stock — 120 shares (Indirect, See Footnote)

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. Shares are held by spouse. 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. 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. 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. 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. 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. 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. 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. 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.

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^*

LIU GENE

(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 Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/19/2026		S(1)		3	D	$92.5293(2)	59,548	D
Class A Common Stock	05/19/2026		S(1)		1	D	$93.3917(3)	59,547	D
Class A Common Stock	05/19/2026		S(1)		7	D	$87.1729(4)	59,540	D
Class A Common Stock	05/19/2026		S(1)		3	D	$90.2923(5)	59,537	D
Class A Common Stock	05/19/2026		S(1)		42	D	$86.5858(6)	59,495	D
Class A Common Stock	05/19/2026		S(1)		5	D	$89.2253(7)	59,490	D
Class A Common Stock	05/19/2026		S(1)		2	D	$88.235(8)	59,488	D
Class A Common Stock	05/19/2026		S(1)		4	D	$91.379(9)	59,484	D
Class A Common Stock								120	I	See Footnote(10)

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 $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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. Shares are held by spouse.

Remarks:

	/s/ Veena Bhatia, Attorney-in-Fact for LIU GENE	05/20/2026
	** 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).
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)

FAQ

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.

How many Atlassian (TEAM) shares did Gene Liu sell and at what prices?

The Form 4 shows sales totaling 67 Class A shares on May 19, 2026. Individual trades were reported at prices such as $91.3790, $88.2350 and $86.5858 per share, with related footnotes noting executions across intraday price ranges.

Why were Gene Liu’s Atlassian (TEAM) shares sold according to the filing?

The filing states the shares were sold to cover tax withholding obligations when RSUs vested and settled. It describes the transactions as “sell to cover” trades and clarifies they do not represent discretionary selling decisions by the reporting person.

How many Atlassian (TEAM) shares does Gene Liu hold after these transactions?

After the May 19, 2026 transactions, Gene Liu directly holds 59,548 Atlassian Class A shares. The Form 4 also reports an additional 120 shares held indirectly by a spouse, providing context on his overall equity exposure.

Are Gene Liu’s Atlassian (TEAM) stock sales considered routine compensation-related events?

Yes. The footnotes explain the sales were solely to fund tax withholding on RSU vesting via a “sell to cover” mechanism. Such transactions are typically linked to equity compensation administration rather than voluntary changes in investment exposure.