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Atlassian (TEAM) CFO’s 9,054-share sale covers RSU taxes

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

Rhea-AI Filing Summary

Atlassian Corp (TEAM) reported that Chief Financial Officer James Chuong sold Class A Common Stock on 2026-08-19 in a series of non-derivative transactions. In total, 9,054 shares were sold in open-market trades at prices around the reported per-share amounts, solely to cover tax withholding obligations arising from the vesting and settlement of RSUs. The sales were executed as a "sell to cover" arrangement and are stated not to represent discretionary trades by the reporting person.

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Insider CHUONG JAMES
Role Chief Financial Officer
Sold 9,054 shs ($1.56M)
Type Security Shares Price Value
Sale Class A Common Stock F1, F2 107 $170.047 $18K
Sale Class A Common Stock F1, F3 2,143 $173.1385 $371K
Sale Class A Common Stock F1, F4 264 $175.7628 $46K
Sale Class A Common Stock F1, F5 573 $171.3122 $98K
Sale Class A Common Stock F1, F6 2,044 $174.0215 $356K
Sale Class A Common Stock F1, F7 568 $167.1503 $95K
Sale Class A Common Stock F1, F8 339 $167.991 $57K
Sale Class A Common Stock F1 23 $162.05 $4K
Sale Class A Common Stock F1, F9 194 $165.9643 $32K
Sale Class A Common Stock F1, F10 150 $169.0942 $25K
Sale Class A Common Stock F1, F11 1,377 $172.0071 $237K
Sale Class A Common Stock F1, F12 1,184 $175.1044 $207K
Sale Class A Common Stock F1, F13 88 $165.0818 $15K
Holdings After Transaction: Class A Common Stock — 279,218 shares (Direct)
Footnotes (13)
  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. F10. 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.
  3. F11. 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.
  4. F12. 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.
  5. F13. 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.
  6. F2. 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.
  7. F3. 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.
  8. F4. 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.
  9. F5. 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.
  10. F6. 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.
  11. F7. 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.
  12. F8. 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.
  13. F9. 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.
Total shares sold 9,054 shares Aggregate non-derivative sales of Class A Common Stock on 2026-08-19
Sale price example $170.0470 per share One of the reported per-share prices for Class A Common Stock sold on 2026-08-19
Sale price example $173.1385 per share Another reported per-share price for Class A Common Stock sold on 2026-08-19
Lowest single reported sale price $162.0500 per share Per-share price for a 23-share sale of Class A Common Stock on 2026-08-19
Number of sale transactions 13 transactions Count of non-derivative sale entries in the Form 4 transaction summary
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.
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.
Restricted Stock Units financial
"vesting and settlement of RSUs (Restricted Stock Units) held by the officer"
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.
Form 4 regulatory
"The sale reported on this Form 4 represents shares sold by the Reporting"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

What did Atlassian Corp (TEAM) disclose in this Form 4 for James Chuong?
Atlassian disclosed that CFO James Chuong executed multiple sales of Class A Common Stock on 2026-08-19, totaling 9,054 shares, as open-market transactions linked to RSU vesting and related tax withholding obligations.

How many Atlassian Corp (TEAM) shares did CFO James Chuong sell?
CFO James Chuong sold an aggregate of 9,054 shares of Atlassian Class A Common Stock, according to the Form 4 transaction summary covering multiple same-day trades.

What were the sale prices in the Atlassian (TEAM) Form 4 transactions?
Reported per-share prices for the Atlassian Class A Common Stock sales include amounts such as $170.0470, $173.1385, and $162.0500, with footnotes stating that several transactions were executed in multiple trades within specified intraday price ranges.

Why did Atlassian CFO James Chuong sell shares in this Form 4?
The filing states the sales were made to cover tax withholding obligations associated with the vesting and settlement of RSUs, funded through a "sell to cover" transaction, and that they do not represent a discretionary transaction by the reporting person.

Were the Atlassian (TEAM) Form 4 sales under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmatively marked, and the footnotes describe the transactions as a "sell to cover" for tax withholding, rather than as trades made under a Rule 10b5-1 trading plan.

What type of security did Atlassian (TEAM) report in this Form 4?
The Form 4 reports transactions in Class A Common Stock of Atlassian Corp, sold in connection with the vesting and settlement of RSUs (Restricted Stock Units) held by CFO James Chuong.

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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*
CHUONG JAMES
(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 Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/19/2026		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 Stock08/19/2026S(1)107D$170.047(2)288,165D
Class A Common Stock08/19/2026S(1)2,143D$173.1385(3)286,022D
Class A Common Stock08/19/2026S(1)264D$175.7628(4)285,758D
Class A Common Stock08/19/2026S(1)573D$171.3122(5)285,185D
Class A Common Stock08/19/2026S(1)2,044D$174.0215(6)283,141D
Class A Common Stock08/19/2026S(1)568D$167.1503(7)282,573D
Class A Common Stock08/19/2026S(1)339D$167.991(8)282,234D
Class A Common Stock08/19/2026S(1)23D$162.05282,211D
Class A Common Stock08/19/2026S(1)194D$165.9643(9)282,017D
Class A Common Stock08/19/2026S(1)150D$169.0942(10)281,867D
Class A Common Stock08/19/2026S(1)1,377D$172.0071(11)280,490D
Class A Common Stock08/19/2026S(1)1,184D$175.1044(12)279,306D
Class A Common Stock08/19/2026S(1)88D$165.0818(13)279,218D
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 $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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. 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.
9. 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.
10. 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.
11. 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.
12. 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.
13. 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.
Remarks:
/s/ Veena Bhatia, Attorney-in-Fact for CHUONG JAMES08/20/2026
** 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