Form 4: Atlassian CFO Sells Shares for Tax Obligations

Atlassian's Chief Financial Officer, Joseph Leo Binz, sold 1,710 shares of Class A Common Stock on November 19, 2025, to cover tax withholding obligations related to RSU vesting.

Summary

• Joseph Leo Binz, Chief Financial Officer of Atlassian Corp [TEAM], reported the sale of 1,710 shares of Class A Common Stock.
• The transactions occurred on November 19, 2025, and were executed in multiple trades throughout the day.
• The shares were sold at average prices ranging from $146.6924 to $149.6166 per share.
• The sales were explicitly stated as 'sell to cover' transactions, intended to satisfy tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units (RSUs).
• These transactions do not represent discretionary sales by the Reporting Person.
• Following these sales, Joseph Leo Binz beneficially owns 213,241 shares of Atlassian Class A Common Stock.

Sentiment

Score: 5

Explanation: The transaction is a non-discretionary 'sell to cover' for tax purposes, which is a routine event for executives receiving equity compensation and does not indicate a change in the reporting person's view of the company's prospects.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding Atlassian's future performance or outlook.

Management Comments

• 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.

Industry Context

This Form 4 filing details an insider transaction, which is a routine disclosure for publicly traded companies. It does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in company fundamentals or insider sentiment.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary 'sell to cover' transaction by the CFO to satisfy tax obligations upon RSU vesting. Such a transaction does not reflect a change in the insider's investment sentiment or the company's fundamentals, and therefore, it does not warrant a change in investment recommendation. Investors should continue to hold based on their existing analysis of Atlassian's business performance and outlook.

Keywords

Atlassian, TEAM, Form 4, Insider Transaction, Stock Sale, CFO, Joseph Leo Binz, RSU, Tax Withholding