Form 4: Atlassian Corp Executive Sells Shares to Cover Tax Obligations

Gene Liu, Chief Accounting Officer of Atlassian Corp, sold shares of Class A Common Stock on August 19, 2024, to cover tax withholding obligations related to the vesting and settlement of RSUs.

Summary

• On August 19, 2024, Gene Liu, the Chief Accounting Officer of Atlassian Corp, sold shares of Class A Common Stock.
• The sales were executed in multiple trades throughout the day at varying prices.
• A total of 19 shares were sold at a weighted average price of $158.9639.
• An additional 15 shares were sold at a weighted average price of $158.5248.
• Another 12 shares were sold at a weighted average price of $156.3772.
• 56 shares were sold at a weighted average price of $155.2879.
• 49 shares were sold at a weighted average price of $157.4275.
• 12 shares were sold at a weighted average price of $154.485.
• 5 shares were sold at a weighted average price of $153.2784.
• The 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 45,128 shares of Class A Common Stock and indirectly owns 120 shares through a spouse.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock sale by an executive could have a minor short-term impact on the stock price, but is unlikely to have a significant long-term effect.

Key Dates