CHUONG JAMES 4
4 · Atlassian Corp · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
Atlassian (TEAM) CFO James Chuong Sells 8,838 Shares
What Happened
- James Chuong, Chief Financial Officer of Atlassian (TEAM), sold a total of 8,838 shares in multiple open-market transactions on May 19, 2026. The reported lots and proceeds sum to approximately $775,513 (individual lots ranged from 26 to 5,440 shares with reported per-lot dollar amounts). Reported execution prices across the trades were roughly in the $85.88–$94.33 range, with individual trade amounts listed in the filing.
- These sales were reported as “S” (sales) and — per the filing footnote — were executed to satisfy tax withholding obligations in connection with the vesting and settlement of restricted stock units (RSUs). The filing states the sell-to-cover was to meet tax withholding and was not a discretionary sale by the reporting person.
Key Details
- Transaction date: 2026-05-19; Form 4 filed: 2026-05-21 (appears filed within the typical two-business-day window).
- Total shares sold: 8,838; Total proceeds reported: ~$775,513.
- Price execution: multiple trades during the day with price ranges per footnotes spanning about $85.88 to $94.33.
- Shares owned after transaction: not specified in the provided filing details.
- Notable footnotes: F1 indicates the sales were “sell-to-cover” for RSU tax withholding and not discretionary; other footnotes (F2–F10) note that individual lots were executed in multiple trades and provide specific intraday price ranges.
- Transaction code: S = Sale; purpose code per footnote = tax withholding (often shown as F for tax withholding in filings).
Context
- Sell-to-cover transactions are routine when RSUs vest: the company or insider sells enough shares to cover taxes rather than paying cash. Such sales generally reflect tax mechanics rather than a deliberate bet on the stock price.
- For retail investors, purchases by insiders tend to be more indicative of conviction; routine tax-related sales are common and do not by themselves signal a change in insider sentiment.
Insider Transaction Report
Form 4
Atlassian CorpTEAM
CHUONG JAMES
Chief Financial Officer
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-05-19$90.29/sh−389$35,124→ 296,721 total - Sale
Class A Common Stock
[F1][F3]2026-05-19$86.59/sh−5,440$471,027→ 291,281 total - Sale
Class A Common Stock
[F1][F4]2026-05-19$94.16/sh−26$2,448→ 291,255 total - Sale
Class A Common Stock
[F1][F5]2026-05-19$89.23/sh−659$58,799→ 290,596 total - Sale
Class A Common Stock
[F1][F6]2026-05-19$93.39/sh−152$14,196→ 290,444 total - Sale
Class A Common Stock
[F1][F7]2026-05-19$88.23/sh−273$24,088→ 290,171 total - Sale
Class A Common Stock
[F1][F8]2026-05-19$92.53/sh−358$33,125→ 289,813 total - Sale
Class A Common Stock
[F1][F9]2026-05-19$87.17/sh−977$85,168→ 288,836 total - Sale
Class A Common Stock
[F1][F10]2026-05-19$91.38/sh−564$51,538→ 288,272 total
Footnotes (10)
- [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.
- [F10]This transaction was executed in multiple trades during the day at prices ranging from $90.88 to $91.84. 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.
- [F2]This transaction was executed in multiple trades during the day at prices ranging from $89.88 to $90.87. 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 $85.88 to $86.88. 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 $94.07 to $94.33. 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 $88.88 to $89.87. 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 $92.92 to $93.89. 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.
- [F7]This transaction was executed in multiple trades during the day at prices ranging from $87.88 to $88.87. 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.
- [F8]This transaction was executed in multiple trades during the day at prices ranging from $91.90 to $92.87. 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.
- [F9]This transaction was executed in multiple trades during the day at prices ranging from $86.88 to $87.87. 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.
Signature
/s/ Veena Bhatia, Attorney-in-Fact for CHUONG JAMES|2026-05-21