Atlassian (TEAM) CRO offloads 1,851 shares to cover RSU taxes
Rhea-AI Filing Summary
Atlassian Corp (TEAM) reported that Chief Revenue Officer Brian Duffy sold Class A Common Stock in multiple transactions on 2026-08-19 totaling 1,851 shares at per-share prices generally between about $162 and $176. According to the company’s disclosure, all shares were sold solely to cover tax withholding obligations arising from RSU vesting through a non-discretionary “sell to cover” arrangement.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 1,851 shares
Net Sell
13 txns
Insider
DUFFY BRIAN
Role
Chief Revenue Officer
Sold
1,851 shs ($319K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 69 | $167.991 | $12K |
| Sale | Class A Common Stock F1, F3 | 31 | $169.0942 | $5K |
| Sale | Class A Common Stock F1, F4 | 281 | $172.0071 | $48K |
| Sale | Class A Common Stock F1 | 5 | $162.05 | $810.25 |
| Sale | Class A Common Stock F1, F5 | 438 | $173.1385 | $76K |
| Sale | Class A Common Stock F1, F6 | 54 | $175.7628 | $9K |
| Sale | Class A Common Stock F1, F7 | 40 | $165.9643 | $7K |
| Sale | Class A Common Stock F1, F8 | 116 | $167.1503 | $19K |
| Sale | Class A Common Stock F1, F9 | 22 | $170.047 | $4K |
| Sale | Class A Common Stock F1, F10 | 242 | $175.1044 | $42K |
| Sale | Class A Common Stock F1, F11 | 117 | $171.3122 | $20K |
| Sale | Class A Common Stock F1, F12 | 18 | $165.0818 | $3K |
| Sale | Class A Common Stock F1, F13 | 418 | $174.0215 | $73K |
Holdings After Transaction:
Class A Common Stock — 218,223 shares (Direct)
Footnotes (13)
- 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. This transaction was executed in multiple trades during the day at prices ranging from $174.57 to $175.56. 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.
- F11. This transaction was executed in multiple trades during the day at prices ranging from $170.57 to $171.56. 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.
- F12. This transaction was executed in multiple trades during the day at prices ranging from $164.55 to $165.54. 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.
- F13. This transaction was executed in multiple trades during the day at prices ranging from $173.57 to $174.56. 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.
- F2. This transaction was executed in multiple trades during the day at prices ranging from $167.55 to $168.54. 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 $168.56 to $169.55. 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 $171.57 to $172.56. 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 $172.57 to $173.56. 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 $175.57 to $176.10. 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 $165.55 to $166.43. 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.
- F8. This transaction was executed in multiple trades during the day at prices ranging from $166.55 to $167.54. 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 $169.56 to $170.49. 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: 1,851 shares
Number of sale transactions: 13
Example sale price: $162.0500 per share
+2 more
5 metrics
Total shares sold
1,851 shares
Aggregate of all reported sales on 2026-08-19 by Brian Duffy
Number of sale transactions
13
Non-derivative sales of Class A Common Stock on 2026-08-19
Example sale price
$162.0500 per share
One reported transaction price for 5 shares of Class A Common Stock
Highest reported sale price
$175.7628 per share
Per-share price for a 54-share sale of Class A Common Stock
Transaction direction (net)
net-sell of 1,851 shares
Form 4 transaction summary for 2026-08-19
Key Terms
sell to cover, RSUs, non-derivative, tax withholding obligations
4 terms
sell to cover financial
"to be funded by a "sell to cover" transaction and does not"
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.
RSUs financial
"tax withholding obligations 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.
non-derivative financial
"transaction_type": "non-derivative""
tax withholding obligations financial
"shares sold by the Reporting Person to cover tax withholding obligations"
FAQ
What did Atlassian (TEAM) disclose about Brian Duffy’s recent Form 4 trades?
Atlassian disclosed that Chief Revenue Officer Brian Duffy sold 1,851 shares of Class A Common Stock on 2026-08-19 in multiple market transactions. The company states these sales were solely to cover tax withholding tied to RSU vesting via a non-discretionary “sell to cover” arrangement.
Were Brian Duffy’s Atlassian (TEAM) stock sales discretionary?
The filing states the sales did not represent discretionary transactions. All reported sales were executed to cover tax withholding obligations associated with the vesting and settlement of RSUs under a “sell to cover” arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.