RAJAN RAJEEV BASHYAM 4

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.