DUFFY BRIAN 4
4 · Atlassian Corp · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Atlassian (TEAM) CRO Brian Duffy Sells Shares
What Happened
- Brian Duffy, Chief Revenue Officer of Atlassian (TEAM), sold a total of 982 shares on February 17, 2026 for aggregate proceeds of approximately $80,330. The filing lists these tranches: 22 @ $82.90 ($1,824); 31 @ $83.78 ($2,597); 16 @ $84.82 ($1,357); 24 @ $85.83 ($2,060); 4 @ $86.64 ($347); 364 @ $80.97 ($29,475); and 521 @ $81.90 ($42,670).
- According to the filing (footnote F1), the sales were a "sell-to-cover" to satisfy tax withholding obligations related to the vesting and settlement of RSUs. This is a routine, non-discretionary tax-withholding sale rather than a directional bet on the stock.
Key Details
- Transaction date: 2026-02-17; Form filed: 2026-02-18 (timely).
- Reported prices/tranches: see above; underlying execution price ranges across the multiple trades that day spanned roughly $80.42 to $86.73 (see footnotes F2–F8 for per-tranche ranges).
- Shares sold: 982; Total proceeds: ≈ $80,330.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes: F1 states sales were to cover tax withholding from RSU vesting (sell-to-cover). F2–F8 detail that several tranches were executed in multiple trades with specified intra-day price ranges; the reporting person offers to provide full trade-by-trade details on request.
- Transaction code: S = Sale; tax withholding context (F).
Context
- Sell-to-cover transactions are common when RSUs vest and do not necessarily indicate management sentiment about the company; they are a liquidity action to meet tax obligations.
- This was not an exercise of options or a gift—no derivative event beyond RSU settlement was reported.
Insider Transaction Report
Form 4
Atlassian CorpTEAM
DUFFY BRIAN
Chief Revenue Officer
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-02-17$82.90/sh−22$1,824→ 126,514 total - Sale
Class A Common Stock
[F1][F3]2026-02-17$83.78/sh−31$2,597→ 126,483 total - Sale
Class A Common Stock
[F1][F4]2026-02-17$84.82/sh−16$1,357→ 126,467 total - Sale
Class A Common Stock
[F1][F5]2026-02-17$85.83/sh−24$2,060→ 126,443 total - Sale
Class A Common Stock
[F1][F6]2026-02-17$86.64/sh−4$347→ 126,439 total - Sale
Class A Common Stock
[F1][F7]2026-02-17$80.97/sh−364$29,475→ 126,075 total - Sale
Class A Common Stock
[F1][F8]2026-02-17$81.90/sh−521$42,670→ 125,554 total
Footnotes (8)
- [F1]The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
- [F2]This transaction was executed in multiple trades during the day at prices ranging from $82.42 to $83.41. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F3]This transaction was executed in multiple trades during the day at prices ranging from $83.42 to $84.41. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F4]This transaction was executed in multiple trades during the day at prices ranging from $84.42 to $85.30. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F5]This transaction was executed in multiple trades during the day at prices ranging from $85.44 to $86.43. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F6]This transaction was executed in multiple trades during the day at prices ranging from $86.57 to $86.73. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F7]This transaction was executed in multiple trades during the day at prices ranging from $80.42 to $81.41. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F8]This transaction was executed in multiple trades during the day at prices ranging from $81.42 to $82.41. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
Signature
/s/ Veena Bhatia, Attorney-in-Fact for DUFFY BRIAN|2026-02-18