DUFFY BRIAN 4

What Happened

• Brian Duffy, Chief Revenue Officer of Atlassian (TEAM), sold a total of 1,222 shares on 2026-02-19 in open-market transactions. The four reported lots were:
  • 151 shares at $82.60 each — $12,473
  • 525 shares at $81.63 each — $42,858
  • 30 shares at $83.55 each — $2,507
  • 516 shares at $80.57 each — $41,572
• Total proceeds across these disposals: $99,410. These sales were reported as sell-to-cover transactions to satisfy tax withholding on RSU vesting and are not described as discretionary sales by the reporting person.

Key Details

• Transaction date: 2026-02-19; Form 4 filed 2026-02-20 (appears timely).
• Price ranges by lot (transactions executed in multiple trades):
  • 151-share lot: $82.22–$83.21
  • 525-share lot: $81.22–$82.21
  • 30-share lot: $83.22–$83.93
  • 516-share lot: $80.22–$81.21
• Shares owned after transaction: not stated in the supplied filing data.
• Notable footnote: the filing indicates these were sell-to-cover transactions to satisfy tax withholding related to RSU settlement and "do not represent a discretionary transaction" (tax withholding code/footnote).

Context

• Sell-to-cover transactions are commonly used to meet tax obligations when restricted stock units vest; they do not necessarily indicate a view on the company’s stock price. Sales are coded as S (Sale); tax-withholding treatment is noted (F1).
• For retail investors, purchases are often more informative about insider sentiment. This filing documents routine tax-related disposals rather than a new investment or option exercise.