Form 4: Atlassian Corp Chief Accounting Officer Sells Shares to Cover Tax Obligations
SEC Form 4
Gene Liu, Chief Accounting Officer of Atlassian Corp, sold shares of Class A Common Stock on February 19, 2025, to cover tax withholding obligations related to the vesting and settlement of RSUs.
Summary
- Gene Liu, the Chief Accounting Officer of Atlassian Corp, reported the sale of Class A Common Stock on February 19, 2025.
- The sales were executed in multiple transactions throughout the day at varying prices.
- These sales were conducted to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units (RSUs).
- Following the reported transactions, Liu directly owns 52,022 shares of Class A Common Stock and indirectly owns 120 shares through a spouse.
Sentiment
Score: 5
Explanation: This is a routine Form 4 filing related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. The sale itself doesn't necessarily indicate a negative outlook for the company.
Stakeholder Impact
- The stock sale is unlikely to have a significant impact on stakeholders as it is related to tax obligations and represents a small portion of the outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/19/2025 | Date of stock sale transactions. |
| 02/20/2025 | Date of Form 4 filing. |
Keywords
Form 4, Atlassian, TEAM, Gene Liu, Chief Accounting Officer, Stock Sale, RSU, Tax Withholding
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