DUFFY BRIAN 4
Research Summary
AI-generated summary
Atlassian (TEAM) CRO Brian Duffy Sells 1,986 Shares
What Happened
- Brian Duffy, Chief Revenue Officer of Atlassian (TEAM), reported multiple open‑market sales on 2026-05-19 totaling 1,986 shares for proceeds of $174,261. These were reported the next day (filed 2026-05-20).
- The trades were executed in nine reported lots (examples): 1,223 shares at $86.59 ($105,894); 220 shares at $87.17 ($19,178); 148 shares at $89.23 ($13,205); other lots ranged from 6 to 127 shares at prices between ~$86–$94.
- The filing indicates these sales were sell‑to‑cover transactions to satisfy tax withholding on vested RSUs (not discretionary market-timing sales).
Key Details
- Transaction date: 2026-05-19; filing date: 2026-05-20 (timely).
- Total sold: 1,986 shares for $174,261 (aggregate proceeds).
- Price execution: trades executed in multiple fills; price ranges reported across footnotes approximately $85.88–$94.33.
- Footnote F1: Sales were made to satisfy tax withholding on RSU vesting (sell‑to‑cover).
- Footnotes F2–F10: Several lots were executed in multiple trades during the day; the reporting person offers to provide full trade-by-trade details upon request.
- Shares owned after the transactions: not specified in the information provided on this Form 4.
Context
- These transactions are tax‑related sell‑to‑cover sales of vested RSUs (footnote F1), which are routine and do not necessarily signal a change in the insider’s view of the company. Sales coded "S" here are dispositions, not purchases or option exercises.