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  4. [Form 4] Atlassian Corp Insider Trading Activity

Atlassian (NASDAQ: TEAM) CRO sells shares to cover RSU taxes

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Atlassian Corp (TEAM) reported that Chief Revenue Officer Brian Duffy sold an aggregate of 7,617 shares of Class A Common Stock on 2026-08-14 in multiple open-market transactions at prices around $162–$167 per share. According to the company’s disclosure, these sales were made solely to cover tax withholding obligations arising from the vesting and settlement of RSUs through a non-discretionary “sell to cover” arrangement, rather than as discretionary trades by the executive.

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Insider DUFFY BRIAN
Role Chief Revenue Officer
Sold 7,617 shs ($1.24M)
Type Security Shares Price Value
Sale Class A Common Stock F1, F2 1,165 $164.2923 $191K
Sale Class A Common Stock F1, F3 231 $165.1471 $38K
Sale Class A Common Stock F1, F4 125 $166.4041 $21K
Sale Class A Common Stock F1, F5 24 $167.2921 $4K
Sale Class A Common Stock F1, F6 4,600 $162.3751 $747K
Sale Class A Common Stock F1, F7 1,472 $163.2214 $240K
Holdings After Transaction: Class A Common Stock — 220,074 shares (Direct)
Footnotes (7)
  1. 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.
  2. F2. This transaction was executed in multiple trades during the day at prices ranging from $163.84 to $164.74. 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. F3. This transaction was executed in multiple trades during the day at prices ranging from $164.89 to $165.52. 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. F4. This transaction was executed in multiple trades during the day at prices ranging from $166.05 to $166.97. 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. F5. This transaction was executed in multiple trades during the day at prices ranging from $167.05 to $167.75. 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. F6. This transaction was executed in multiple trades during the day at prices ranging from $161.84 to $162.83. 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. F7. This transaction was executed in multiple trades during the day at prices ranging from $162.84 to $163.83. 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.
Total shares sold 7,617 shares Aggregate Class A Common Stock sales by Brian Duffy on 2026-08-14
Sale block 1,165 shares at $164.2923 per share Open-market sale of Atlassian Class A Common Stock on 2026-08-14
Sale block 231 shares at $165.1471 per share Open-market sale of Atlassian Class A Common Stock on 2026-08-14
Sale block 125 shares at $166.4041 per share Open-market sale of Atlassian Class A Common Stock on 2026-08-14
Sale block 24 shares at $167.2921 per share Open-market sale of Atlassian Class A Common Stock on 2026-08-14
Sale block 4,600 shares at $162.3751 per share Open-market sale of Atlassian Class A Common Stock on 2026-08-14
Sale block 1,472 shares at $163.2214 per share Open-market sale of Atlassian Class A Common Stock on 2026-08-14
sell to cover financial
"to be funded by a "sell to cover" transaction"
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 ... to cover tax withholding obligations in connection with the vesting"
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.
restricted stock units financial
"in connection with the vesting and settlement of RSUs (restricted stock units)"
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.

FAQ

What insider transaction did Atlassian Corp (TEAM) report for Brian Duffy?
Atlassian reported that Chief Revenue Officer Brian Duffy sold 7,617 shares of Class A Common Stock on 2026-08-14. The company states these sales were executed to cover tax withholding obligations from vesting RSUs under a non-discretionary “sell to cover” arrangement.

At what prices were Brian Duffy’s Atlassian (TEAM) shares sold on 2026-08-14?
Brian Duffy’s reported sales occurred at weighted-average prices between about $161.84 and $167.75 per share. Each Form 4 line cites a specific average price, with footnotes explaining that trades were executed in multiple lots within disclosed intra-day price ranges.

How many Atlassian (TEAM) shares did Brian Duffy sell to cover taxes from RSU vesting?
The Form 4 shows total reported sales of 7,617 shares of Atlassian Class A Common Stock. A footnote explains that these transactions were made to satisfy tax withholding obligations tied to the vesting and settlement of restricted stock units (RSUs), rather than discretionary selling.

Were Brian Duffy’s Atlassian (TEAM) stock sales made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and no footnote describes a Rule 10b5-1 plan. Instead, the company states the sales were non-discretionary “sell to cover” transactions executed to fund RSU-related tax withholding obligations.

Do Brian Duffy’s Atlassian (TEAM) sales represent discretionary selling by the executive?
The disclosure states the reported sales do not represent discretionary transactions by Brian Duffy. They were executed automatically to cover tax withholding obligations associated with the vesting and settlement of RSUs, using a pre-arranged “sell to cover” mechanism.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Revenue Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock08/14/2026S(1)1,165D$164.2923(2)226,526D
Class A Common Stock08/14/2026S(1)231D$165.1471(3)226,295D
Class A Common Stock08/14/2026S(1)125D$166.4041(4)226,170D
Class A Common Stock08/14/2026S(1)24D$167.2921(5)226,146D
Class A Common Stock08/14/2026S(1)4,600D$162.3751(6)221,546D
Class A Common Stock08/14/2026S(1)1,472D$163.2214(7)220,074D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 $163.84 to $164.74. 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 $164.89 to $165.52. 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 $166.05 to $166.97. 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 $167.05 to $167.75. 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 $161.84 to $162.83. 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 $162.84 to $163.83. 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 BRIAN08/17/2026
** Signature of Reporting PersonDate
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