RAJAN RAJEEV BASHYAM 4
4 · Atlassian Corp · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Atlassian (TEAM) CTO Rajan Bashyam Sells 4,009 Shares
What Happened
- Rajan Rajeev Bashyam, Chief Technology Officer of Atlassian Corp (TEAM), disposed of 4,009 shares in open-market transactions on February 17, 2026. The sales were reported as seven separate trades at per-share prices of $80.97–$86.64, generating total gross proceeds of about $327,937.
- This was a series of sell transactions (code S) that were executed to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs), not a discretionary sale for investment purposes.
Key Details
- Transaction date: 2026-02-17 (reported on Form 4 filed 2026-02-18 — timely filing).
- Shares sold and per-share proceeds (selected): 1,488 @ $80.97 ($120,490); 2,126 @ $81.90 ($174,118); plus smaller lots of 98, 16, 89, 128 and 64 shares at prices from $83.78 down/up to $86.64; total shares sold = 4,009; total proceeds ≈ $327,937.
- Footnotes: F1 states the sales were "sell to cover" to satisfy tax withholding for RSU vesting. F2–F8 note several of the sales were executed in multiple trades during the day with price ranges (85.44–86.43; 86.57–86.73; 80.42–81.41; 81.42–82.41; 82.42–83.41; 83.42–84.41; 84.42–85.30) and the reporting person will provide detailed trade breakdowns upon request.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
- These were tax-withholding sales tied to RSU vesting (a common, non-discretionary practice). Such transactions generally do not signal insider confidence or concern in the same way a voluntary large sale or purchase might.
- For retail investors, purchases by insiders are typically more informative about conviction; this filing documents routine sell-to-cover activity rather than an opportunistic market trade.
Insider Transaction Report
Form 4
Atlassian CorpTEAM
RAJAN RAJEEV BASHYAM
Chief Technology Officer
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-02-17$85.83/sh−98$8,412→ 219,899 total - Sale
Class A Common Stock
[F1][F3]2026-02-17$86.64/sh−16$1,386→ 219,883 total - Sale
Class A Common Stock
[F1][F4]2026-02-17$80.97/sh−1,488$120,490→ 218,395 total - Sale
Class A Common Stock
[F1][F5]2026-02-17$81.90/sh−2,126$174,118→ 216,269 total - Sale
Class A Common Stock
[F1][F6]2026-02-17$82.90/sh−89$7,378→ 216,180 total - Sale
Class A Common Stock
[F1][F7]2026-02-17$83.78/sh−128$10,724→ 216,052 total - Sale
Class A Common Stock
[F1][F8]2026-02-17$84.82/sh−64$5,429→ 215,988 total
Footnotes (8)
- [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.
- [F2]This transaction was executed in multiple trades during the day at prices ranging from $85.44 to $86.43. 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.
- [F3]This transaction was executed in multiple trades during the day at prices ranging from $86.57 to $86.73. 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.
- [F4]This transaction was executed in multiple trades during the day at prices ranging from $80.42 to $81.41. 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.
- [F5]This transaction was executed in multiple trades during the day at prices ranging from $81.42 to $82.41. 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.
- [F6]This transaction was executed in multiple trades during the day at prices ranging from $82.42 to $83.41. 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.
- [F7]This transaction was executed in multiple trades during the day at prices ranging from $83.42 to $84.41. 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.
- [F8]This transaction was executed in multiple trades during the day at prices ranging from $84.42 to $85.30. 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.
Signature
/s/ Veena Bhatia, Attorney-in-Fact for RAJAN RAJEEV BASHYAM|2026-02-18