LIU GENE 4

What Happened Gene Liu, Chief Accounting Officer of Atlassian Corp (TEAM), disposed of a total of 66 shares on 2026-02-19 in a series of open-market sales, generating approximately $5,370 in proceeds. Reported trades: 28 shares at $80.57 ($2,256), 8 shares at $82.60 ($661), 28 shares at $81.63 ($2,286) and 2 shares at $83.55 ($167). These sales were sell-to-cover transactions to satisfy tax withholding on vested RSUs, not discretionary cash sales.

Key Details

• Transaction date: 2026-02-19; Form filed: 2026-02-20 (timely filing).
• Trade breakdown and reported proceeds: 28 @ $80.57 ($2,256); 8 @ $82.60 ($661); 28 @ $81.63 ($2,286); 2 @ $83.55 ($167). Total ~66 shares, ~$5,370.
• Footnotes: F1 indicates sales were to cover tax withholding for RSU vesting (sell-to-cover). F2–F5 note each reported trade was executed in multiple trades during the day with price ranges of $80.22–$81.21 (F2), $81.22–$82.21 (F4), $82.22–$83.21 (F3), and $83.22–$83.93 (F5); the reporting person will provide full trade details on request. F6 notes some shares are held by spouse.
• Shares owned after transaction: not specified in the provided excerpt; consult the full Form 4 for current holdings.
• Transaction code: S = Sale; this was a tax-withholding (routine) disposition, not a purchase.

Context Sell-to-cover transactions are common when RSUs vest and do not necessarily indicate a view on the company's prospects; they simply satisfy tax withholding. The dollar amount here is modest (~$5.4K) and routine. For signals about insider confidence, look for larger discretionary purchases or repeated pattern changes in holdings.