Enrique T. Salem - May 9, 2023 Form 4 Insider Report for Atlassian Corp (TEAM)

Role
Director
Signature
/s/ Enrique T. Salem
Stock symbol
TEAM
Transactions as of
May 9, 2023
Transactions value $
-$1,300,000
Form type
4
Date filed
5/11/2023, 06:13 PM
Previous filing
Mar 7, 2023
Next filing
May 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TEAM Class A Common Stock Sale -$1.3M -10K -7.45% $130.00 124K May 9, 2023 Direct F1
* 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 reported sale of 10,000 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 23, 2023.