BHARADWAJ ANUTTHARA - 19 May 2023 Form 4 Insider Report for Atlassian Corp (TEAM)

Role
President
Signature
/s/ Grant Reid, Attorney-in-Fact for BHARADWAJ ANUTTHARA
Issuer symbol
TEAM
Transactions as of
19 May 2023
Transactions value $
-$553,809
Form type
4
Filing time
22 May 2023, 18:15:58 UTC
Previous filing
16 May 2023
Next filing
23 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TEAM Class A Common Stock Sale -$1.33K -9 0% $147.56 213K 19 May 2023 Direct F1
transaction TEAM Class A Common Stock Sale -$69.7K -480 -0.22% $145.17 213K 19 May 2023 Direct F1, F2
transaction TEAM Class A Common Stock Sale -$115K -783 -0.37% $146.85 212K 19 May 2023 Direct F1, F3
transaction TEAM Class A Common Stock Sale -$186K -1.27K -0.6% $146.00 211K 19 May 2023 Direct F1, F4
transaction TEAM Class A Common Stock Sale -$182K -1.24K -0.59% $147.33 210K 19 May 2023 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 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.
F2 This transaction was executed in multiple trades during the day at prices ranging from $144.52 to $145.51. 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.
F3 This transaction was executed in multiple trades during the day at prices ranging from $146.52 to $147.33. 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.
F4 This transaction was executed in multiple trades during the day at prices ranging from $145.52 to $146.51. 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.
F5 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 24, 2023.