BINZ JOSEPH LEO 4

What Happened

• Joseph Binz, Chief Financial Officer of Atlassian (TEAM), sold a total of 1,653 shares in open-market transactions on Feb 19, 2026 for aggregate proceeds of about $134,470.
• The sales were reported as four transactions: 204 shares @ $82.60 ($16,851); 711 shares @ $81.63 ($58,042); 40 shares @ $83.55 ($3,342); and 698 shares @ $80.57 ($56,235). These sales were executed in multiple trades during the day (see price ranges below).

Key Details

• Transaction date: 2026-02-19; Form 4 filed 2026-02-20 (timely).
• Total shares sold: 1,653; total proceeds ≈ $134,470.
• Reported per-trade price ranges (multiple executions):
  • 204-share block: $82.22–$83.21
  • 711-share block: $81.22–$82.21
  • 40-share block: $83.22–$83.93
  • 698-share block: $80.22–$81.21
• Footnote: The sales were "sell-to-cover" transactions to satisfy tax withholding obligations on RSU vesting (i.e., routine tax-related sales, not necessarily discretionary). The filer also offers to provide detailed trade-level prices on request.
• Shares owned after the transactions: not specified in the provided filing.

Context

• These were tax-withholding sell-to-cover transactions tied to RSU settlement (footnote); such sales are common when restricted stock units vest and generally do not by themselves indicate the insider’s market view.
• No purchase or option-exercise activity was reported in this filing.