TEAM Form 4: Gene Liu Sells Shares to Cover RSU Taxes on 08/19/2025
Rhea-AI Filing Summary
Atlassian Corp (TEAM) reporting person Gene Liu, Chief Accounting Officer, filed a Form 4 disclosing multiple sales of Class A common stock on 08/19/2025. The filings show aggregated disposals of 168 shares across several intra-day trades executed as sell-to-cover transactions to satisfy tax withholding obligations related to vesting and settlement of RSUs. After these sales the reporting person beneficially owned 50,440 Class A shares directly and 120 shares indirectly (held by spouse).
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider sell-to-cover for RSU tax withholding; not a discretionary liquidation signal.
The Form 4 shows multiple small disposals on a single date identified as sell-to-cover transactions tied to RSU vesting. This is a common administrative action by executives to satisfy payroll taxes and does not indicate a voluntary decision to reduce ownership position. The filing discloses both direct ownership and indirect holdings through spouse, which is appropriate for transparency.
TL;DR: Sales were limited in size and executed intraday to cover tax obligations; impact on float is immaterial.
The reported disposals total 168 shares sold across multiple price ranges between approximately $165.24 and $170.01 per share, with per-line post-transaction direct holdings shown around 50,440 shares. Given the small size relative to typical market capitalization for TEAM, these transactions are immaterial to valuation and liquidity.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 45 | $166.3813 | $7K |
| Sale | Class A Common Stock | 95 | $166.0311 | $16K |
| Sale | Class A Common Stock | 5 | $167.8087 | $839.04 |
| Sale | Class A Common Stock | 10 | $168.8785 | $2K |
| Sale | Class A Common Stock | 13 | $169.5868 | $2K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (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 $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 $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 $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 $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. Shares are held by spouse.
