RAJAN RAJEEV BASHYAM 4
4 · Atlassian Corp · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Atlassian (TEAM) CTO Rajan Bashyam Sells Shares
What Happened
Rajan Rajeev Bashyam, Chief Technology Officer of Atlassian Corporation (TEAM), sold a total of 3,072 shares in open-market/private sales on February 19, 2026 for aggregate proceeds of approximately $249,907. The reported tranches were:
- 1,297 shares at $80.57 each — $104,494
- 379 shares at $82.60 each — $31,307
- 1,321 shares at $81.63 each — $107,840
- 75 shares at $83.55 each — $6,266
These sales were reported as “sell-to-cover” transactions to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units (RSUs), and the filing notes they were not discretionary trades.
Key Details
- Transaction date: February 19, 2026; Form 4 filed February 20, 2026 (appears timely).
- Reported prices and proceeds: see above; total shares sold = 3,072; total proceeds ≈ $249,907.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Notable footnotes: F1 states the sales were to cover RSU tax withholding (sell-to-cover). F2–F5 indicate each tranche was executed in multiple trades during the day with intraday price ranges: ~ $80.22–81.21, $82.22–83.21, $81.22–82.21, and $83.22–83.93 respectively; seller offers to provide detailed trade info on request.
- Transaction code: S = Sale; F (tax withholding) applicable.
Context
Sell-to-cover transactions are routine administrative sales to pay taxes when RSUs vest and generally do not by themselves signal an insider’s view of the company’s near-term prospects. For retail investors, purchases or large discretionary sales can be more informative than sell-to-cover activity.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-02-19$80.57/sh−1,297$104,494→ 214,691 total - Sale
Class A Common Stock
[F1][F3]2026-02-19$82.60/sh−379$31,307→ 214,312 total - Sale
Class A Common Stock
[F1][F4]2026-02-19$81.63/sh−1,321$107,840→ 212,991 total - Sale
Class A Common Stock
[F1][F5]2026-02-19$83.55/sh−75$6,266→ 212,916 total
Footnotes (5)
- [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 $80.22 to $81.21. 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 $82.22 to $83.21. 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 $81.22 to $82.21. 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 $83.22 to $83.93. 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.