CHUONG JAMES 4

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.