Form 4: Atlassian Co-Founder Scott Farquhar Sells Over 7,600 Shares Under Pre-Arranged Trading Plan

Atlassian Corporation Director and 10% owner Scott Farquhar sold 7,665 shares of Class A Common Stock on July 9, 2025, through a pre-scheduled Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% owner of Atlassian Corporation (TEAM), reported the sale of 7,665 shares of Class A Common Stock.
• The transactions occurred on July 9, 2025, and were executed under a Rule 10b5-1 trading plan adopted on February 12, 2025.
• The sales were conducted in multiple trades at weighted-average prices ranging from $218.2921 to $221.915 per share.
• Specific sales included 4,204 shares at $220.1271, 1,350 shares at $219.2776, 700 shares at $218.2921, 100 shares at $221.915, and 1,311 shares at $221.0072.
• Following these transactions, Scott Farquhar beneficially owns 444,570 shares of Class A Common Stock indirectly through Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While it's an insider sale, it was conducted under a pre-arranged 10b5-1 plan, which mitigates negative interpretations typically associated with unscheduled insider selling.

Negatives

• The sale of shares by a director and 10% owner, even if pre-scheduled, can sometimes be perceived by the market as a lack of confidence, although this is mitigated by the 10b5-1 plan.

Risks

• While executed under a Rule 10b5-1 plan, significant insider sales could potentially lead to negative market sentiment if misinterpreted as a lack of confidence in the company's future prospects by key executives.

Future Outlook

This document is a report of past insider transactions and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing reports an individual insider transaction and does not provide broader industry context or trends. It reflects a personal financial decision by a key executive, pre-arranged to comply with insider trading regulations.

Related Party Transactions

• Shares are held indirectly by Farquhar Investment Partnership No. 2, indicating an ownership structure involving a related entity.

Stakeholder Impact

• Shareholders: May observe the sale as a routine diversification or liquidity event by a significant insider, especially given the 10b5-1 plan, which generally reduces concerns about market timing.

Key Dates

Keywords

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