Atlassian (TEAM) CRO Brian Duffy Sells 7,617 Shares (~$1.24M)

What Happened
Brian Duffy, Atlassian’s Chief Revenue Officer, sold a total of 7,617 shares of TEAM on August 14, 2026, in multiple open-market trades for aggregate proceeds of about $1,241,553. The individual reported trades were: 1,165 shares at $164.29 ($191,401); 231 shares at $165.15 ($38,149); 125 shares at $166.40 ($20,801); 24 shares at $167.29 ($4,015); 4,600 shares at $162.38 ($746,925); and 1,472 shares at $163.22 ($240,262). The filing indicates these were sell-to-cover transactions to satisfy tax withholding on vested RSUs, not discretionary sales.

Key Details

• Transaction date: August 14, 2026 (reported on Form 4 filed August 17, 2026). Filing date is within the SEC’s two-business-day Form 4 window.
• Reported proceeds (aggregate): ~$1,241,553 for 7,617 shares.
• Price ranges (per filing footnotes):
  • 1,165 shares: $163.84–$164.74
  • 231 shares: $164.89–$165.52
  • 125 shares: $166.05–$166.97
  • 24 shares: $167.05–$167.75
  • 4,600 shares: $161.84–$162.83
  • 1,472 shares: $162.84–$163.83
• Footnote: The sales were to cover tax withholding obligations related to RSU vesting (sell-to-cover). Other footnotes note execution in multiple trades and provide intra-day price ranges.
• Shares owned after the transactions: Not stated in the provided filing details.

Context
These were tax-withholding "sell to cover" sales tied to RSU settlement (transaction code F), which are routine and do not necessarily reflect the insider’s view on the company’s stock. Purchases are generally regarded as stronger signals of insider confidence than routine withholding sales.