DUFFY BRIAN 4

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.