DUFFY BRIAN 4
4 · Atlassian Corp · Filed May 15, 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 7,017 shares in open-market transactions on May 14, 2026, for aggregate proceeds of approximately $567,108. The reported trades (disposed) include: 1,902 shares @ $81.85 ($155,686); 98 shares @ $82.34 ($8,069); 1,130 shares @ $79.94 ($90,327); 3,543 shares @ $80.70 ($285,905); and 344 shares @ $78.84 ($27,121). These sales were reported on Form 4 filed May 15, 2026.
Key Details
- Transaction date: 2026-05-14; Form 4 filed: 2026-05-15 (timely filing).
- Total shares sold: 7,017; total proceeds: ~$567,108.
- Reported as open-market sales (code S).
- Footnote: The sales were "sell to cover" transactions to satisfy tax withholding obligations in connection with RSU vesting (not discretionary trades).
- Additional footnotes: each block was executed in multiple trades throughout the day at price ranges (roughly $78.29–$82.48); the reporting person offers to provide detailed trade-by-trade info on request.
- Shares owned following the transactions: not specified in the provided filing.
Context
"Sell to cover" transactions are common when restricted stock units vest and indicate tax-related selling rather than an investment decision; they generally carry less interpretive weight than voluntary open-market purchases. This filing documents insider sales, not purchases or option exercises.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-05-14$81.85/sh−1,902$155,686→ 243,942 total - Sale
Class A Common Stock
[F1][F3]2026-05-14$82.34/sh−98$8,069→ 243,844 total - Sale
Class A Common Stock
[F1][F4]2026-05-14$79.94/sh−1,130$90,327→ 242,714 total - Sale
Class A Common Stock
[F1][F5]2026-05-14$80.70/sh−3,543$285,905→ 239,171 total - Sale
Class A Common Stock
[F1][F6]2026-05-14$78.84/sh−344$27,121→ 238,827 total
Footnotes (6)
- [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 $81.29 to $82.28. 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 $82.29 to $82.48. 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 $79.29 to $80.28. 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 $80.29 to $81.28. 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 $78.29 to $79.28. 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.