RAJAN RAJEEV BASHYAM 4

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.