DUFFY BRIAN 4

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.