Atlassian Officer Files Intent to Sell $861K in TEAM Stock
Atlassian Corp
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Filing Summary
Atlassian Officer Files Intent to Sell $861K in TEAM Stock
Company: Atlassian Corp (TEAM) Form: 144 | Filed: 2025-11-14 Significance: Low
Insider: RAJEEV RAJAN Title: Officer | Relationship: Officer
Transaction: • Type: Proposed Sale • Shares: 5,652 • Value: $861,681
Key Insight: This proposed sale represents a negligible 0.002% of Atlassian's $41.45B market cap. The shares were acquired as restricted stock one day prior, suggesting a routine sale for tax purposes or liquidity.
This is PUBLIC SEC data for educational purposes. Not investment advice.
Comprehensive Analysis
SEC Filing Analysis: Atlassian Corp (TEAM)
Executive Summary
- Trading Significance: Low
- Key Takeaway: An Atlassian officer has filed a notice of proposed sale for shares valued at approximately $861k, a transaction that is immaterial relative to the company's size.
- Market Impact: The transaction is considered routine and is unlikely to have any impact on the stock price.
Company Information
| Field | Value |
|---|---|
| Company | Atlassian Corp |
| Ticker Symbol | TEAM |
| CIK | 0001650372 |
| Industry | SERVICES-PREPACKAGED SOFTWARE |
Insider Information
| Field | Value |
|---|---|
| Name | RAJEEV RAJAN |
| CIK | 0001943614 |
| Title/Position | Officer |
| Relationship | Officer |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 144 |
| Transaction Date | 2025-11-14 |
| Transaction Code | S (Proposed Sale) |
| Security Type | Common Stock |
| Shares Involved | 5,652 |
| Price Per Share | $152.46 |
| Total Value | $861,681.31 |
| Shares Owned After | Not Available |
| Ownership Type | Not Specified |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $861,681.31 |
| % of Market Cap | 0.0021% |
| Shares Transacted | 5,652 |
| % of Shares Outstanding | 0.0034% |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: For a company with a market capitalization of $41.45 billion, this transaction of under $1 million is negligible and considered routine business for an executive managing their compensation.
- Transaction Significance: The sale represents a tiny fraction of both the market capitalization and shares outstanding, indicating it is not a signal of the insider's confidence in the company but rather a standard liquidity event. The shares were acquired as restricted stock just one day prior to the proposed sale date, which strongly suggests this is a 'sell-to-cover' transaction to pay taxes upon vesting.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: The transaction is too small to be considered material. Form 144 filings for sales of this size, especially when linked to vested restricted stock, are common and do not typically influence market sentiment.
Volume & Sentiment
- Expected Volume Impact: None. The number of shares is insignificant compared to the stock's average daily trading volume.
- Sentiment Indicator: Neutral. The market will likely view this as a non-event.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.