Atlassian (NASDAQ: TEAM) CFO share sale covers RSU tax obligations

Rhea-AI Filing Summary

Atlassian Corp’s Chief Financial Officer Joseph Leo Binz reported automatic insider sales of Class A Common Stock. On February 17, 2026, he sold a total of 2,949 shares in several open-market transactions at prices ranging from about $80.42 to $86.73. According to the disclosure, these sales were made solely to cover tax withholding obligations tied to the vesting and settlement of restricted stock units under a “sell to cover” arrangement, and were not discretionary trades. After these transactions, Binz continued to own 210,292 shares directly.

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
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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^*

BINZ JOSEPH LEO

(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 Financial 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)		47	D	$84.8204(2)	213,194	D
Class A Common Stock	02/17/2026		S(1)		72	D	$85.833(3)	213,122	D
Class A Common Stock	02/17/2026		S(1)		12	D	$86.6414(4)	213,110	D
Class A Common Stock	02/17/2026		S(1)		1,094	D	$80.9743(5)	212,016	D
Class A Common Stock	02/17/2026		S(1)		1,564	D	$81.8994(6)	210,452	D
Class A Common Stock	02/17/2026		S(1)		66	D	$82.8972(7)	210,386	D
Class A Common Stock	02/17/2026		S(1)		94	D	$83.7795(8)	210,292	D

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 $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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

Remarks:

	/s/ Veena Bhatia, Attorney-in-Fact for BINZ JOSEPH LEO	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.
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FAQ

What insider transaction did Atlassian (TEAM) disclose for CFO Joseph Leo Binz?

Atlassian disclosed that CFO Joseph Leo Binz sold 2,949 shares of Class A Common Stock. The sales occurred on February 17, 2026, through multiple open-market transactions and were executed under a sell-to-cover arrangement for RSU-related tax withholding obligations.

How many Atlassian (TEAM) shares did the CFO sell and at what prices?

The CFO sold 2,949 Atlassian Class A Common Stock shares in several trades. Reported execution prices ranged from approximately $80.42 to $86.73 per share, reflecting multiple transactions throughout the day as part of the tax-withholding sell-to-cover process.

Why did Atlassian’s CFO sell shares according to the Form 4 filing?

The Form 4 states the sales were solely to cover tax withholding obligations from vesting and settlement of RSUs. The filing clarifies these were sell-to-cover transactions and do not represent discretionary trading decisions by Atlassian’s Chief Financial Officer, Joseph Leo Binz.

How many Atlassian (TEAM) shares does the CFO hold after the reported sales?

Following the reported transactions, Atlassian’s CFO directly holds 210,292 shares of Class A Common Stock. This post-transaction holding reflects his remaining ownership after the 2,949 shares were sold to satisfy RSU-related tax withholding obligations on February 17, 2026.

What type of security was involved in the Atlassian CFO’s Form 4 transactions?

All reported transactions involved Atlassian’s Class A Common Stock. The Form 4 describes seven separate non-derivative open-market sales, executed on February 17, 2026, as part of a sell-to-cover mechanism tied to restricted stock unit vesting and tax obligations.

Were Atlassian CFO’s share sales discretionary trades or automatic tax sales?

The filing specifies the sales were to satisfy tax withholding obligations via a sell-to-cover transaction, not discretionary trades. They occurred in connection with the vesting and settlement of RSUs, indicating an automatic, tax-driven mechanism rather than voluntary portfolio rebalancing.