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TEAM Form 4: CTO Sells 3,517 Shares in Sell-to-Cover Transaction

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

Rhea-AI Filing Summary

Rajan Rajeev Bashyam, Chief Technology Officer of Atlassian Corporation (TEAM), reported multiple sales of Class A common stock on 08/14/2025. The Form 4 shows aggregate disposals of 3,517 shares executed in several trades at prices ranging roughly from $160.20 to $164.94, with reported per-trade price ranges disclosed in the explanations. The reported transactions reduced the reporting person’s beneficial ownership from 147,226 shares down to 143,898 following the sales.

The filing states these sales were routine "sell to cover" transactions to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units (RSUs) and were not discretionary trades by the reporting person. The Form 4 is signed by an attorney-in-fact and offers to provide detailed execution information on request.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Insider sold a small number of shares to cover RSU taxes; routine disclosure with no stated change to ownership control.

The Form 4 records a non-discretionary "sell to cover" of 3,517 Class A shares by the CTO on 08/14/2025 at market prices spanning about $160.20 to $164.94. The filing clearly attributes the sales to tax-withholding on vested RSUs rather than discretionary liquidation, which typically indicates routine compensation-related selling rather than signaling a change in confidence. The remaining beneficial ownership is disclosed and the filer offers to supply trade-level execution details on request, supporting transparency.

TL;DR: Disclosure aligns with Section 16 reporting; transaction is routine and compliance-focused, not a governance red flag.

The submission documents required insider reporting under Section 16 for an officer of Atlassian and includes an explanation that proceeds were used to satisfy tax withholding for RSU settlement. The filing is signed by an attorney-in-fact and notes multi-trade execution price ranges with an undertaking to provide further details if requested. From a governance perspective, this appears to be timely, complete disclosure of compensation-related share dispositions without indications of unusual timing or material governance concerns.

Insider RAJAN RAJEEV BASHYAM
Role Chief Technology Officer
Sold 3,517 shs ($575K)
Type Security Shares Price Value
Sale Class A Common Stock 189 $161.8546 $31K
Sale Class A Common Stock 895 $162.7254 $146K
Sale Class A Common Stock 79 $160.7541 $13K
Sale Class A Common Stock 832 $164.363 $137K
Sale Class A Common Stock 1,522 $163.6593 $249K
Holdings After Transaction: Class A Common Stock — 147,226 shares (Direct)
Footnotes (1)
  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. This transaction was executed in multiple trades during the day at prices ranging from $161.20 to $162.19. 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. This transaction was executed in multiple trades during the day at prices ranging from $162.20 to $163.19. 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. This transaction was executed in multiple trades during the day at prices ranging from $160.20 to $161.19. 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. This transaction was executed in multiple trades during the day at prices ranging from $164.20 to $164.94. 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. This transaction was executed in multiple trades during the day at prices ranging from $163.20 to $164.19. 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.
Form 4 Insider Transactions: What Each Field Means →
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*
RAJAN RAJEEV BASHYAM
(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 Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025
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 08/14/2025 S(1) 189 D $161.8546(2) 147,226 D
Class A Common Stock 08/14/2025 S(1) 895 D $162.7254(3) 146,331 D
Class A Common Stock 08/14/2025 S(1) 79 D $160.7541(4) 146,252 D
Class A Common Stock 08/14/2025 S(1) 832 D $164.363(5) 145,420 D
Class A Common Stock 08/14/2025 S(1) 1,522 D $163.6593(6) 143,898 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 $161.20 to $162.19. 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 $162.20 to $163.19. 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 $160.20 to $161.19. 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 $164.20 to $164.94. 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 $163.20 to $164.19. 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 RAJAN RAJEEV BASHYAM 08/15/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Atlassian (TEAM) insider Rajan Rajeev Bashyam report on 08/14/2025?

The CTO reported multiple sales totaling 3,517 Class A shares on 08/14/2025 executed to cover tax withholding for vested RSUs.

Were the share sales by the TEAM reporting person discretionary?

No. The Form 4 states the sales were non-discretionary "sell to cover" transactions to satisfy tax withholding obligations related to RSU vesting.

At what price range were the TEAM shares sold?

The filing discloses execution price ranges across the trades of approximately $160.20 to $164.94, with more granular ranges provided per trade in the explanations.

How did the sales affect the reporting person’s ownership in TEAM?

Beneficial ownership reported following the transactions decreased from 147,226 shares to 143,898 according to the Form 4 lines.

Who signed the Form 4 for the reporting person?

The Form 4 is signed by Veena Bhatia, Attorney-in-Fact for Rajan Rajeev Bashyam on 08/15/2025.