Form 4: Atlassian's Chief Accounting Officer, Gene Liu, Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Gene Liu, Atlassian's Chief Accounting Officer, sold shares of Class A Common Stock on May 20, 2024, to cover tax withholding obligations related to the vesting and settlement of RSUs.
Summary
- On May 20, 2024, Gene Liu, the Chief Accounting Officer of Atlassian Corp, sold shares of Class A Common Stock.
- The sales were executed in multiple trades at varying prices.
- These transactions were to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units (RSUs).
- Following the reported transactions, Liu directly owns 45,496 shares of Class A Common Stock and indirectly owns 120 shares through a spouse.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock sales for tax purposes, which is neutral in sentiment.
Industry Context
Sales to cover tax obligations upon vesting of RSUs are a common practice among corporate executives.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the context of tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of stock sale transactions by Gene Liu |
| 05/21/2024 | Date of signature on the Form 4 filing |
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