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TEAM Form 4: CTO Rajan Bashyam Sells 3,026 Shares on 08/19/2025

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 sales of Class A common stock on 08/19/2025 to satisfy tax withholding related to vested RSUs. The Form 4 shows five non-discretionary "sell to cover" transactions totaling 3,026 shares sold at prices ranging across the reported trades from about $165.24 to $170.01. Following these transactions the reporting person beneficially owned 140,872 shares of Class A common stock. The sales were executed in multiple trades during the day and the filer offered to provide detailed trade-by-trade price and quantity information upon request.

Positive

  • Transparent disclosure of sell-to-cover transactions with offered trade-level detail upon request
  • Compliance with Section 16 filing requirements showing officer identity and relationship

Negative

  • None.

Insights

TL;DR: Routine sell-to-cover of RSU tax obligations; no material dilution or corporate change.

The Form 4 discloses an officer-level "sell to cover" of vested RSUs totaling 3,026 Class A shares on 08/19/2025. Prices reported across the transactions span roughly $165 to $170, and the trades were explicitly non-discretionary to satisfy tax withholding. From an equity-capital perspective this is immaterial for investors: the volume is small relative to Atlassian's outstanding shares and represents a tax-driven liquidity event rather than a signal of disposition strategy or confidence change by management.

TL;DR: Disclosure aligns with Section 16 requirements; transactions are documented as tax-driven and non-discretionary.

The filing provides required details: reporting person identity, relationship (CTO/officer), transaction date, volumes, and per-line prices with ranges noted in explanations. The explicit statement that sales were to cover tax withholding and the offer to provide trade-level data support transparency. There is no indication of Rule 10b5-1 plan use in the filing box, and the transactions are routine and compliant in form.

Insider RAJAN RAJEEV BASHYAM
Role Chief Technology Officer
Sold 3,026 shs ($504K)
Type Security Shares Price Value
Sale Class A Common Stock 238 $169.5868 $40K
Sale Class A Common Stock 96 $167.8087 $16K
Sale Class A Common Stock 176 $168.8785 $30K
Sale Class A Common Stock 1,699 $166.0311 $282K
Sale Class A Common Stock 817 $166.3813 $136K
Holdings After Transaction: Class A Common Stock — 143,660 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 $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. 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.
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)
08/19/2025
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) 238 D $169.5868(2) 143,660 D
Class A Common Stock 08/19/2025 S(1) 96 D $167.8087(3) 143,564 D
Class A Common Stock 08/19/2025 S(1) 176 D $168.8785(4) 143,388 D
Class A Common Stock 08/19/2025 S(1) 1,699 D $166.0311(5) 141,689 D
Class A Common Stock 08/19/2025 S(1) 817 D $166.3813(6) 140,872 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 $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.
3. 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.
4. 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.
5. 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.
6. 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.
Remarks:
/s/ Veena Bhatia, Attorney-in-Fact for RAJAN RAJEEV BASHYAM 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 (TEAM) CTO Rajan Bashyam report on Form 4?

The Form 4 reports that the CTO sold 3,026 Class A shares on 08/19/2025 to satisfy tax withholding from RSU vesting.

Were the sales by Rajan Bashyam discretionary or part of an automatic plan?

The filing states the sales were non-discretionary "sell to cover" transactions to satisfy tax withholding obligations, not discretionary sales.

How many shares did Rajan Bashyam own after the reported transactions?

Following the reported trades the reporting person beneficially owned 140,872 shares of Class A common stock.

What price range were the trades executed at?

The explanatory notes indicate intraday trade price ranges across the transactions from approximately $165.24 to $170.01.

On what date were the transactions reported on Form 4 filed?

The transactions occurred on 08/19/2025 and the Form 4 was signed and dated 08/20/2025 by attorney-in-fact.