Atlassian (TEAM) CAO sells 908 shares to cover RSU taxes

Rhea-AI Filing Summary

Atlassian Corp’s Chief Accounting Officer Gene Liu reported selling 908 shares of Class A common stock on February 17, 2026 in open-market transactions. A footnote explains these sales were made solely to cover tax withholding obligations tied to vesting and settlement of RSUs, and were not discretionary.

Sale prices were in the low-to-mid $80s per share, based on ranges disclosed in the footnotes. After these transactions, Liu directly holds 60,420 Class A shares and has an additional 120 shares held indirectly by his spouse.

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

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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 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 Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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	02/17/2026		S(1)		29	D	$83.7795(2)	61,299	D
Class A Common Stock	02/17/2026		S(1)		14	D	$84.8204(3)	61,285	D
Class A Common Stock	02/17/2026		S(1)		22	D	$85.833(4)	61,263	D
Class A Common Stock	02/17/2026		S(1)		4	D	$86.6414(5)	61,259	D
Class A Common Stock	02/17/2026		S(1)		337	D	$80.9743(6)	60,922	D
Class A Common Stock	02/17/2026		S(1)		482	D	$81.8994(7)	60,440	D
Class A Common Stock	02/17/2026		S(1)		20	D	$82.8972(8)	60,420	D
Class A Common Stock								120	I	See Footnote(9)

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 $83.42 to $84.41. 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 $84.42 to $85.30. 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 $85.44 to $86.43. 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 $86.57 to $86.73. 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 $80.42 to $81.41. 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 $81.42 to $82.41. 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 $82.42 to $83.41. 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. Shares are held by spouse.

Remarks:

	/s/ Veena Bhatia, Attorney-in-Fact for LIU GENE	02/18/2026
	** 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.

FAQ

What insider transaction did Atlassian (TEAM) report for Gene Liu?

Atlassian reported that Chief Accounting Officer Gene Liu sold 908 Class A shares. The Form 4 states these open-market sales on February 17, 2026 were executed solely to cover tax withholding obligations from RSU vesting, rather than being discretionary share sales.

Why did Atlassian (TEAM) CAO Gene Liu sell 908 shares?

The shares were sold to cover tax withholding obligations from RSU vesting. A footnote explains the transactions were structured as a “sell to cover” related to restricted stock units and do not represent discretionary trading decisions by Gene Liu.

At what prices were Gene Liu’s Atlassian (TEAM) shares sold?

The reported sales occurred at prices in the low-to-mid $80s per share. Footnotes describe multiple trades executed in ranges generally between about $80.42 and $86.73, reflecting several separate open-market transactions throughout the trading day.

How many Atlassian (TEAM) shares does Gene Liu hold after the Form 4?

After the reported sales, Gene Liu directly holds 60,420 Class A shares. The Form 4 also shows an additional 120 Atlassian Class A shares held indirectly by his spouse, reflecting a small indirect ownership position separate from his direct holdings.

Are any of Gene Liu’s Atlassian (TEAM) shares held indirectly?

Yes, 120 Atlassian Class A shares are reported as held indirectly by his spouse. The Form 4 notes this indirect ownership with a footnote stating that these shares are held by the spouse, distinguishing them from Liu’s larger direct share position.

Does the Atlassian (TEAM) Form 4 describe Gene Liu’s sales as discretionary?

No, the filing explicitly states the sales were not discretionary. According to a footnote, the transactions were conducted under a “sell to cover” arrangement solely to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units.