SCHEDULE 13G/A: Atlassian Co-Founder Scott Farquhar Maintains Significant Stake and Voting Control

Atlassian Corporation co-founder Scott Farquhar has filed an amended Schedule 13G, reaffirming his beneficial ownership of 49,004,024 Class B Common Stock shares, representing 22.9% of Class A equivalent and 42.8% of combined voting power.

Summary

• Scott Farquhar, a co-founder of Atlassian Corporation, beneficially owns 49,004,024 shares of Class B Common Stock through Skip Enterprises Pty Limited as trustee of the Farquhar Family Trust.
• These Class B shares are convertible into Class A Common Stock on a one-for-one basis at the holder's option or upon certain events.
• The reported ownership represents approximately 22.9% of the outstanding Class A Common Stock, calculated by treating the Class B shares as converted for percentage ownership purposes.
• As of March 31, 2025, Atlassian had 165,150,665 shares of Class A Common Stock and 98,008,049 shares of Class B Common Stock outstanding.
• Each share of Class B Common Stock carries ten votes, while Class A Common Stock carries one vote.
• The 49,004,024 Class B shares held by Mr. Farquhar represent approximately 42.8% of the aggregate combined voting power of Atlassian's outstanding Class A and Class B Common Stock.

Sentiment

Score: 5

Explanation: The document is a factual regulatory filing detailing beneficial ownership, which is neutral in sentiment unless it indicates a significant change in stake (e.g., large sale or new activist position), which is not apparent here.

Positives

• High insider ownership by co-founder Scott Farquhar demonstrates strong alignment with the company's long-term success.
• Significant voting control (approximately 42.8% of combined voting power) by a co-founder provides stability and continuity in strategic direction.

Future Outlook

This document is a beneficial ownership report and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine disclosure of beneficial ownership by a co-founder of a major software company, reflecting a common dual-class share structure often seen in tech companies to maintain founder control.

Stakeholder Impact

• Shareholders: The continued significant ownership and voting control by a co-founder can be viewed positively, indicating strong insider alignment and long-term commitment to the company's vision and stability.

Key Dates

Keywords

Atlassian Corporation, Scott Farquhar, Beneficial Ownership, SEC Filing, Schedule 13G, Class A Common Stock, Class B Common Stock, Voting Power, Insider Ownership, Corporate Governance