Form 4: Atlassian Co-Founder Scott Farquhar Plans Sale of Over 7,600 Shares

Atlassian co-founder and 10% owner Scott Farquhar filed a Form 4 indicating the planned sale of 7,665 Class A Common Stock shares for approximately $1.55 million through a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), reported the planned disposition of 7,665 shares of Class A Common Stock.
• The transactions are scheduled for July 28, 2025, and were effected pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.
• The shares were sold in multiple trades at weighted-average prices ranging from $201.2501 to $205.58 per share.
• The total approximate value of the shares to be sold is $1,548,777.97.
• Following these planned transactions, Farquhar's indirect beneficial ownership will be 344,925 Class A Common Stock shares, held by Farquhar Investment Partnership No. 2.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to a co-founder and significant owner reducing their stake, even though it's part of a pre-arranged 10b5-1 plan. While such plans are common for diversification, any insider selling can be interpreted as a minor reduction in confidence or alignment.

Negatives

• The planned sale of 7,665 shares by a co-founder and significant owner, Scott Farquhar, reduces his direct beneficial ownership in the company, which could be perceived by some investors as a slight reduction in insider alignment.

Industry Context

This filing reports an individual insider transaction and does not provide broader industry trends or context.

Related Party Transactions

• The shares are indirectly beneficially owned and held by Farquhar Investment Partnership No. 2, indicating a transaction involving a related entity.

Stakeholder Impact

• Shareholders may perceive the sale by a co-founder as a slight reduction in insider commitment, potentially influencing investor sentiment, although the pre-arranged nature of the sale mitigates immediate concerns.

Key Dates

Keywords

Atlassian, TEAM, Scott Farquhar, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Class A Common Stock, Director, 10% Owner