Atlassian CAO sells 803 TEAM shares for tax withholding

Atlassian Corp Chief Accounting Officer Gene Liu reported selling a total of 803 shares of Class A Common Stock of TEAM on May 14, 2026.

Rhea-AI Filing Summary

Atlassian Corp Chief Accounting Officer Gene Liu reported selling a total of 803 shares of Class A Common Stock of TEAM on May 14, 2026. The filing states these sales were made under a “sell to cover” arrangement to satisfy tax withholding obligations from vesting RSUs, and were not discretionary trades. The report also shows 120 shares held indirectly through his spouse.

Insider Trade Summary

Net Seller: 803 shares

Net Sell 6 txns

Insider LIU GENE

Role Chief Accounting Officer

Sold 803 shs ($65K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	11	$82.3413	$905.75
Sale	Class A Common Stock	406	$80.6956	$33K
Sale	Class A Common Stock	218	$81.8537	$18K
Sale	Class A Common Stock	39	$78.8407	$3K
Sale	Class A Common Stock	129	$79.9354	$10K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 59,551 shares (Direct); Class A Common Stock — 120 shares (Indirect, See Footnote)

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 $82.29 to $82.48. 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 $80.29 to $81.28. 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 $81.29 to $82.28. 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 $78.29 to $79.28. 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 $79.29 to $80.28. 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. Shares are held by spouse.

Key Figures

Shares sold: 803 shares Sale price 1: $79.9354 per share Sale price 2: $78.8407 per share +4 more

7 metrics

Shares sold 803 shares Total Class A shares sold on May 14, 2026

Sale price 1 $79.9354 per share One reported execution price for Class A share sale

Sale price 2 $78.8407 per share One reported execution price for Class A share sale

Sale price 3 $81.8537 per share One reported execution price for Class A share sale

Sale price 4 $80.6956 per share One reported execution price for Class A share sale

Sale price 5 $82.3413 per share One reported execution price for Class A share sale

Indirect holdings 120 shares Class A shares held indirectly through spouse after transactions

Key Terms

sell to cover, RSUs, open-market sale, indirect ownership, +1 more

5 terms

sell to cover financial

"to be funded by a "sell to cover" transaction and does not represent a discretionary 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.

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.

open-market sale financial

"transaction_action": "open-market sale","transaction_code_description": "Sale in open market or private transaction""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

"direct_or_indirect": "I","nature_of_ownership": "See Footnote""

tax withholding obligations financial

"shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did Atlassian (TEAM) report for Gene Liu on this Form 4?

Atlassian’s Chief Accounting Officer Gene Liu reported sales of 803 shares of Class A Common Stock on May 14, 2026. These transactions were recorded as open-market sales but tied to tax withholding obligations related to RSU vesting.

How many Atlassian (TEAM) shares did Gene Liu sell and at what prices?

Gene Liu sold a total of 803 Atlassian Class A shares. Reported execution prices included $79.9354, $78.8407, $81.8537, $80.6956, and $82.3413 per share, across multiple trades during the day of May 14, 2026.

Were Gene Liu’s Atlassian (TEAM) share sales discretionary trades?

The filing states the reported sales were not discretionary. They were executed under a “sell to cover” arrangement to fund tax withholding obligations arising from the vesting and settlement of restricted stock units (RSUs), rather than voluntary portfolio trades.

What is the purpose of the sell-to-cover transactions reported for Atlassian (TEAM)?

The sell-to-cover transactions were used to pay tax withholding obligations triggered by RSU vesting. Instead of paying cash for taxes, a portion of newly vested Atlassian shares was sold automatically to generate the required tax funds.

Does Gene Liu still have indirect ownership of Atlassian (TEAM) shares after these transactions?

Yes. The Form 4 shows 120 Atlassian Class A shares held indirectly through his spouse. A footnote clarifies that these shares are held by the spouse, indicating an indirect ownership position in addition to Liu’s directly held shares.

How are Gene Liu’s Atlassian (TEAM) transactions classified in the Form 4?

The transactions are coded as “S” for sales of non-derivative Class A Common Stock. However, a footnote explains they represent a sell-to-cover mechanism for RSU-related tax withholding, distinguishing them from purely discretionary open-market selling.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 04:19 PM EDT Learn about SEC filing dates

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
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^*

LIU GENE

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/14/2026		S(1)		11	D	$82.3413(2)	60,343	D
Class A Common Stock	05/14/2026		S(1)		406	D	$80.6956(3)	59,937	D
Class A Common Stock	05/14/2026		S(1)		218	D	$81.8537(4)	59,719	D
Class A Common Stock	05/14/2026		S(1)		39	D	$78.8407(5)	59,680	D
Class A Common Stock	05/14/2026		S(1)		129	D	$79.9354(6)	59,551	D
Class A Common Stock								120	I	See Footnote(7)

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 $82.29 to $82.48. 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 $80.29 to $81.28. 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 $81.29 to $82.28. 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 $78.29 to $79.28. 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 $79.29 to $80.28. 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. Shares are held by spouse.

Remarks:

	/s/ Veena Bhatia, Attorney-in-Fact for LIU GENE	05/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)