Atlassian (TEAM) CFO James Chuong Sells Shares

What Happened
James Chuong, CFO of Atlassian Corporation (TEAM), sold a total of 9,054 shares in open-market transactions on August 19, 2026. The trades generated aggregate proceeds of approximately $1,561,377. These sales were reported as sell-to-cover transactions to satisfy tax withholding in connection with the vesting and settlement of RSUs (see footnote F1), so they were routine tax-withholding sales rather than discretionary stock-sale signals.

Key Details

• Transaction date: August 19, 2026; Form 4 filed August 20, 2026 (next-day filing).
• Total shares sold: 9,054; total proceeds: $1,561,377 (approx).
• Individual reported trades (shares @ price — proceeds):
  • 107 @ $170.05 = $18,195
  • 2,143 @ $173.14 = $371,036
  • 264 @ $175.76 = $46,401
  • 573 @ $171.31 = $98,162
  • 2,044 @ $174.02 = $355,700
  • 568 @ $167.15 = $94,941
  • 339 @ $167.99 = $56,949
  • 23 @ $162.05 = $3,727
  • 194 @ $165.96 = $32,197
  • 150 @ $169.09 = $25,364
  • 1,377 @ $172.01 = $236,854
  • 1,184 @ $175.10 = $207,324
  • 88 @ $165.08 = $14,527
• Price/fill details: several trades were executed in multiple fills during the day; footnotes F2–F13 provide intra-day price ranges and the reporting person’s offer to provide full fill-level details on request.
• Footnote F1: sale was to cover tax withholding for vested RSUs (sell-to-cover), not a discretionary sale.
• Shares owned after the transaction: not specified in the supplied data.

Context
Sell-to-cover transactions are common when restricted stock units vest and an executive satisfies required tax withholding by selling a portion of the shares. Such sales are generally administrative and do not necessarily indicate the insider’s view of the company’s prospects. The filing includes multiprice-fill footnotes and an undertaking to provide further trade-level details if requested by the SEC, issuer, or security holders.