Why were Gene Liu’s Atlassian (TEAM) share sales executed according to the Form 4?

The Form 4 states Gene Liu’s share sales were executed solely to cover tax withholding obligations from vesting and settlement of RSUs. It describes the transactions as “sell to cover” events and clarifies they did not represent discretionary trading decisions by the reporting person.

Were Gene Liu’s Atlassian (TEAM) share sales open‑market transactions?

Yes. The Form 4 labels the 66 sold shares as open‑market sales of Class A common stock. Footnotes explain each sale was executed in multiple trades within specified intraday price ranges, with details available upon request to the SEC staff, issuer, or security holders.

Atlassian (NASDAQ: TEAM) CAO logs 66-share tax sell-to-cover

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Atlassian Corp Chief Accounting Officer Gene Liu reported selling 66 shares of Class A common stock on February 19, 2026 in open‑market transactions. According to the filing, these sales were made solely to cover tax withholding obligations from vesting RSUs and were not discretionary trades. After the sales, Liu directly held 60,354 shares, and an additional 120 shares were reported as held indirectly by a spouse.

Insider Trade Summary

Net Seller: 66 shares ($5,370)

Net Sell 5 txns

Insider LIU GENE

Role Chief Accounting Officer

Sold 66 shs ($5K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	28	$80.5662	$2K
Sale	Class A Common Stock	8	$82.6035	$660.83
Sale	Class A Common Stock	28	$81.6349	$2K
Sale	Class A Common Stock	2	$83.5503	$167.10
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 60,392 shares (Direct); Class A Common Stock — 120 shares (Indirect, See Footnote)

Footnotes (1)

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. This transaction was executed in multiple trades during the day at prices ranging from $80.22 to $81.21. 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. This transaction was executed in multiple trades during the day at prices ranging from $82.22 to $83.21. 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. This transaction was executed in multiple trades during the day at prices ranging from $81.22 to $82.21. 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. This transaction was executed in multiple trades during the day at prices ranging from $83.22 to $83.93. 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. Shares are held by spouse.

Form 4 Insider Transactions: What Each Field Means →

02/20/2026 - 06:01 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LIU GENE

(Last)

(First)

(Middle)

C/O ATLASSIAN CORPORATION

350 BUSH STREET, FLOOR 13

(Street)

SAN FRANCISCO

94104

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Atlassian Corp [ TEAM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	02/19/2026		S⁽¹⁾		28	D	$80.5662⁽²⁾	60,392	D
Class A Common Stock	02/19/2026		S⁽¹⁾		8	D	$82.6035⁽³⁾	60,384	D
Class A Common Stock	02/19/2026		S⁽¹⁾		28	D	$81.6349⁽⁴⁾	60,356	D
Class A Common Stock	02/19/2026		S⁽¹⁾		2	D	$83.5503⁽⁵⁾	60,354	D
Class A Common Stock								120	I	See Footnote⁽⁶⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 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.

2. This transaction was executed in multiple trades during the day at prices ranging from $80.22 to $81.21. 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.

3. This transaction was executed in multiple trades during the day at prices ranging from $82.22 to $83.21. 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.

4. This transaction was executed in multiple trades during the day at prices ranging from $81.22 to $82.21. 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.

5. This transaction was executed in multiple trades during the day at prices ranging from $83.22 to $83.93. 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.

6. Shares are held by spouse.

Remarks:

	/s/ Veena Bhatia, Attorney-in-Fact for LIU GENE	02/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Atlassian (TEAM) disclose in Gene Liu’s latest Form 4?

Atlassian (TEAM) reported that Chief Accounting Officer Gene Liu sold 66 Class A shares on February 19, 2026. The filing states the sales covered tax withholding from vested RSUs and were not discretionary trades, leaving him with 60,354 directly held shares.

How many Atlassian (TEAM) shares did Gene Liu sell and at what prices?

Gene Liu sold a total of 66 Atlassian Class A shares across four small trades. Reported per‑share prices ranged from $80.5662 to $83.5503, with footnotes noting broader intraday trade ranges between $80.22 and $83.93 for the executed transactions.

How many Atlassian (TEAM) shares does Gene Liu own after these transactions?

After the reported transactions, Gene Liu directly holds 60,354 Atlassian Class A shares. The Form 4 also reports an additional 120 shares held indirectly by his spouse, reflecting both direct and spouse‑held ownership positions following the February 19, 2026 tax‑related sales.

What indirect Atlassian (TEAM) holdings are reported for Gene Liu?

The filing reports 120 Atlassian Class A shares as indirectly owned, with a footnote stating the shares are held by his spouse. This indirect position is shown separately from Liu’s 60,354 directly held shares following the February 19, 2026 tax‑related “sell to cover” transactions.