LIU GENE 4

What Happened

• Gene Liu, Chief Accounting Officer of Atlassian Corp (TEAM), sold a total of 908 shares in open-market transactions on February 17, 2026. The trades were executed in multiple lots at prices ranging roughly from $80.42 to $86.73, generating approximately $74,274 in proceeds.
• According to the filing, these sales were "sell-to-cover" transactions to satisfy tax withholding obligations tied to the vesting/settlement of RSUs, and not described as discretionary sales by the reporting person.

Key Details

• Transaction date: 2026-02-17; Form 4 filed: 2026-02-18 (timely).
• Shares sold: 908 shares total across multiple trades; proceeds ≈ $74,274.
• Reported price ranges across the trades: approx. $80.42–$86.73 (different lots executed at narrower ranges per the filing).
• Purpose/footnote: F1 states the sales were to satisfy tax withholding on vested RSUs (sell-to-cover). Other footnotes (F2–F8) give the intra-day price ranges for specific lots; F9 notes certain shares are held by spouse.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.

Context

• "Sell-to-cover" transactions are common when restricted stock units vest; they are generally executed to pay required taxes and do not necessarily signal the insider’s view on the company’s outlook.
• For retail investors, purchases by insiders are typically more informative of confidence than routine sales for tax purposes. This filing reports routine tax-related sales by an officer, not a purchase or option exercise.