BINZ JOSEPH LEO 4

What Happened

• Joseph Leo Binz, CFO of Atlassian Corp (TEAM), reported open-market sales of 2,949 shares on 2026-02-17, generating total proceeds of approximately $241,230. The transactions were reported as sales (code S) and were executed to cover tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs).

Key Details

• Transaction date: 2026-02-17; Form 4 filed: 2026-02-18 (timely).
• Reported individual trades (grouped in the filing):
  • 47 shares at $84.82 (proceeds $3,987) — executed across trades at $84.42–$85.30 (F2)
  • 72 shares at $85.83 ($6,180) — executed at $85.44–$86.43 (F3)
  • 12 shares at $86.64 ($1,040) — executed at $86.57–$86.73 (F4)
  • 1,094 shares at $80.97 ($88,586) — executed at $80.42–$81.41 (F5)
  • 1,564 shares at $81.90 ($128,091) — executed at $81.42–$82.41 (F6)
  • 66 shares at $82.90 ($5,471) — executed at $82.42–$83.41 (F7)
  • 94 shares at $83.78 ($7,875) — executed at $83.42–$84.41 (F8)
• Total shares sold: 2,949; total proceeds: ~$241,230.
• Footnote F1: Sales were "sell-to-cover" transactions to satisfy tax withholding from RSU vesting (not discretionary trades).
• Shares owned after the transactions: not specified in the provided filing.

Context

• These sales are routine tax-withholding transactions tied to RSU vesting (code F); they do not necessarily indicate a change in the insider's view on the company. Purchases are usually more informative about insider sentiment; this filing documents a disposal to cover taxes.