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TEAM Form 4: Joseph Binz sells 1,715 shares in sell-to-cover trades

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

Rhea-AI Filing Summary

Joseph Leo Binz, Chief Financial Officer of Atlassian Corporation (TEAM), reported a series of open-market sales of Class A common stock on 08/19/2025 to cover tax withholding for vested RSUs. The Form 4 lists five sale entries that executed as multiple trades during the day at reported per-share prices shown on the form ($167.8087, $168.8785, $166.0311, $166.3813, $169.5868). The lot sizes reported are 54, 100, 963, 463 and 135 shares, respectively, for a total of 1,715 shares sold. Each sale is described as a "sell to cover" to satisfy tax withholding obligations and is not characterized as a discretionary sale. The filing is signed by an attorney-in-fact on behalf of Mr. Binz on 08/20/2025.

Positive

  • Clear disclosure that the sales were "sell to cover" transactions for RSU tax withholding
  • Detailed execution information with per-lot prices and explanatory notes about intra-day trade ranges
  • Filed and signed (attorney-in-fact signature dated 08/20/2025), meeting Form 4 procedural requirements

Negative

  • None.

Insights

TL;DR: Routine insider "sell to cover" for RSU taxes; modest share volume, limited market impact.

The transactions represent five non-derivative sales totaling 1,715 shares executed on 08/19/2025 at intra-day prices disclosed on the Form 4. The filing states these were executed solely to satisfy tax withholding from RSU vesting and were not discretionary sales by the reporting person. Given the relatively small share count and explicit tax-motivated purpose, this is a routine insider filing with no new information about company operations or corporate strategy.

TL;DR: Properly disclosed Section 16 sale; documentation and attorney-in-fact signature are in order.

The Form 4 discloses the relationship (Chief Financial Officer) and provides per-lot transaction details and explanatory footnotes stating multiple-trade execution ranges. The filing includes an attorney-in-fact signature dated 08/20/2025. This aligns with standard disclosure practices for tax-related sell-to-cover transactions following RSU settlement. No governance concerns are evident from the information provided.

Insider BINZ JOSEPH LEO
Role Chief Financial Officer
Sold 1,715 shs ($286K)
Type Security Shares Price Value
Sale Class A Common Stock 54 $167.8087 $9K
Sale Class A Common Stock 100 $168.8785 $17K
Sale Class A Common Stock 963 $166.0311 $160K
Sale Class A Common Stock 463 $166.3813 $77K
Sale Class A Common Stock 135 $169.5868 $23K
Holdings After Transaction: Class A Common Stock — 159,687 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 $167.24 to $168.22. 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 $168.26 to $169.25. 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 $165.24 to $166.23. 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 $166.24 to $167.23. 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 $169.27 to $170.01. 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*
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)
08/19/2025
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 08/19/2025 S(1) 54 D $167.8087(2) 159,687 D
Class A Common Stock 08/19/2025 S(1) 100 D $168.8785(3) 159,587 D
Class A Common Stock 08/19/2025 S(1) 963 D $166.0311(4) 158,624 D
Class A Common Stock 08/19/2025 S(1) 463 D $166.3813(5) 158,161 D
Class A Common Stock 08/19/2025 S(1) 135 D $169.5868(6) 158,026 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 $167.24 to $168.22. 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 $168.26 to $169.25. 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 $165.24 to $166.23. 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 $166.24 to $167.23. 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 $169.27 to $170.01. 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 08/20/2025
** 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 CFO Joseph Binz report on Form 4 (TEAM)?

The Form 4 reports five sales of Class A common stock on 08/19/2025 by Joseph Leo Binz to cover tax withholding related to vested RSUs.

How many shares did the reporting person sell in the Form 4?

The filing lists five lots (54, 100, 963, 463, 135), totaling 1,715 shares sold on 08/19/2025.

At what prices were the shares sold according to the Form 4?

The Form 4 shows per-lot reported prices: $167.8087, $168.8785, $166.0311, $166.3813, $169.5868; explanatory notes give intra-day ranges for each lot.

Why were the shares sold according to the filing?

The sales were executed as a sell to cover to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs; the filing states these were not discretionary transactions.

Who signed the Form 4 for Joseph Binz and when?

The Form 4 is signed by Veena Bhatia, Attorney-in-Fact for Joseph Leo Binz on 08/20/2025.