Form 4: Atlassian Co-Founder Scott Farquhar Executes Pre-Planned Stock Sales

Atlassian Corporation Director and 10% owner Scott Farquhar sold 7,665 shares of Class A Common Stock on July 3, 2025, through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% owner of Atlassian Corp (TEAM), sold a total of 7,665 shares of Class A Common Stock on July 3, 2025.
• The sales were executed in multiple transactions at weighted-average prices ranging from $209.8326 to $215.8925 per share.
• These transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Farquhar on February 12, 2025.
• Following these reported transactions, Mr. Farquhar's indirect beneficial ownership of Class A Common Stock stands at 467,565 shares, held by Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can sometimes be viewed negatively, the fact that these sales were conducted under a pre-arranged Rule 10b5-1 trading plan mitigates concerns, as it indicates a planned divestment rather than a reactive one.

Positives

• The stock sales were executed under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and non-discretionary divestment rather than a reactive sale based on new information.

Negatives

• A Director and 10% owner reduced their direct beneficial ownership in the company, which can sometimes be perceived as a lack of conviction, although mitigated by the 10b5-1 plan.

Future Outlook

No forward-looking statements or guidance are provided in this document, as it is a disclosure of past transactions.

Industry Context

This document is a standard insider trading disclosure and does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders may note the reduction in beneficial ownership by a key insider, although the pre-planned nature of the sales under a Rule 10b5-1 plan typically lessens any negative interpretation.

Key Dates

Keywords

Atlassian, TEAM, Scott Farquhar, Insider Trading, Form 4, Stock Sale, Beneficial Ownership, 10b5-1 Plan, Director, 10% Owner