Atlassian Foundation Plans Minor Sale of TEAM Stock Worth $175K
Atlassian Corp
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Filing Summary
Atlassian Foundation Plans Minor Stock Sale
Company: Atlassian Corp (TEAM) Form: 144 | Filed: 2026-08-27 Significance: Low
Insider: Atlassian Foundation Pty Ltd ATF Atlassian Foundation Title: Officer | Relationship: Officer
Transaction: • Type: Proposed Sale • Shares: 1,040 • Value: $175,208.80
Key Insight: This is a notice of a proposed sale of a very small number of shares by the company's foundation. The transaction value is negligible compared to Atlassian's $43.49 billion market cap.
Comprehensive Analysis
SEC Filing Analysis: Atlassian Corp (TEAM)
Executive Summary
- Trading Significance: Low
- Key Takeaway: The Atlassian Foundation has filed a notice to sell a nominal amount of stock, representing an insignificant fraction of the company's market capitalization and shares outstanding.
- Market Impact: The transaction is too small to have any market impact.
Company Information
| Field | Value |
|---|---|
| Company | Atlassian Corp |
| Ticker Symbol | TEAM |
| CIK | 0001650372 |
| Industry | SERVICES-PREPACKAGED SOFTWARE |
Insider Information
| Field | Value |
|---|---|
| Name | Atlassian Foundation Pty Ltd ATF Atlassian Foundation |
| CIK | 0001968118 |
| Title/Position | Officer |
| Relationship | Officer |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 144 |
| Transaction Date | 2026-08-27 |
| Transaction Code | S |
| Security Type | Common Stock |
| Shares Involved | 1,040 |
| Price Per Share | $168.47 |
| Total Value | $175,208.80 |
| Shares Owned After | Not Available |
| Ownership Type | Not Specified |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $175,208.80 |
| % of Market Cap | 0.0004% |
| Shares Transacted | 1,040 |
| % of Shares Outstanding | 0.0004% |
| Post-Transaction Ownership | Not Available |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: The $175,208.80 transaction is negligible for a company with a market capitalization of $43.49 billion.
- Transaction Significance: The sale represents a minuscule fraction of both market cap and shares outstanding, indicating it is a routine, non-material event.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: The size of the proposed sale is immaterial relative to the company's market capitalization and daily trading volume.
Volume & Sentiment
- Expected Volume Impact: None. The transaction is too small to affect trading volume.
- Sentiment Indicator: Neutral. This filing does not provide any signal regarding the company's performance or insider sentiment.
Additional Context
Transaction Notes
- Special Circumstances: The sale is being made pursuant to a plan adopted on March 3, 2026. The shares were originally acquired as a gift from the founders.
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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.
