SCHEDULE: Atlassian Co-Founder Scott Farquhar's Stake
Beneficial Ownership Statement
Atlassian co-founder Scott Farquhar updated his significant beneficial ownership in Class B shares.
Summary
- Scott Farquhar, co-founder of Atlassian Corporation, reported beneficial ownership of 48,515,493 shares of Class B Common Stock.
- These shares are held of record by Farquhar Investment Partnership No. 2.
- Each Class B share is convertible into one Class A Common Stock share at the holder's option or upon certain events.
- This ownership represents approximately 22.6% of the Class A Common Stock, calculated assuming conversion of Class B shares.
- Each Class B Common Stock share is entitled to ten votes, giving Farquhar approximately 42.7% of the aggregate combined voting power of outstanding Class A and Class B shares.
- Farquhar retains sole voting power and sole dispositive power over these 48,515,493 shares.
Sentiment
Score: 7
Explanation: The filing indicates a significant and stable ownership stake by a co-founder, which is generally viewed positively as it aligns management interests with long-term shareholder value. The high voting power also suggests strong leadership stability.
Positives
- Significant ownership by a co-founder indicates strong alignment with the company's long-term vision and performance.
- The substantial voting power (approximately 42.7%) provides stability in strategic direction and corporate governance.
Risks
- The dual-class share structure concentrates significant voting power (approximately 42.7%) in the hands of the co-founder, potentially limiting the influence of other shareholders on corporate decisions.
Future Outlook
NA
Industry Context
This filing is a routine beneficial ownership disclosure and does not provide information related to broader industry trends or competitors.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure | The company operates with a dual-class share structure, where Class B Common Stock (held by the reporting person) carries ten votes per share compared to one vote for Class A Common Stock. This structure concentrates significant voting power. | NA | Concentrates control with co-founders, potentially limiting the influence of public shareholders on strategic decisions and corporate governance matters. |
Stakeholder Impact
- Shareholders: The dual-class structure and concentrated voting power of the co-founder may limit the influence of Class A shareholders on corporate decisions.
- Management: Strong founder control provides stability and clear strategic direction.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event requiring the filing of this statement. |
| 08/08/2025 | Date the Schedule 13G/A filing was signed. |
Keywords
Atlassian, Scott Farquhar, Beneficial Ownership, Class B Common Stock, Class A Common Stock, SEC Filing, Schedule 13G, Corporate Governance, Shareholding
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