Enrique T. Salem - Jul 10, 2023 Form 4 Insider Report for Atlassian Corp (TEAM)

Role: Director
Signature: /s/ Enrique T. Salem
Stock symbol: TEAM
Transactions as of: Jul 10, 2023
Transactions value $: -$1,681,300
Form type: 4
Date filed: 7/12/2023, 04:42 PM
Previous filing: Jul 11, 2023
Next filing: Sep 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TEAM	Class A Common Stock	Sale	-$1.68M	-10K	-8.76%	$168.13	104K	Jul 10, 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.