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 executed the sale of 7,665 shares of Class A Common Stock on July 14, 2025, through a pre-established Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corporation (TEAM), sold a total of 7,665 shares of Class A Common Stock on July 14, 2025.
• The sales were executed in multiple transactions at weighted-average prices ranging from $185.985 to $193.99 per share.
• These transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Farquhar on February 12, 2025.
• Following these sales, Mr. Farquhar beneficially owns 421,575 shares of Class A Common Stock indirectly through Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While it involves insider selling, the fact that it's under a pre-arranged 10b5-1 plan mitigates any negative implications, as it's a planned disposition rather than a reaction to new information.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and systematic approach to stock disposition rather than an immediate reaction to market conditions.

Negatives

• Insider selling, even if pre-planned, can sometimes be perceived negatively by the market as it reduces the insider's direct stake in the company.

Future Outlook

This document does not contain any forward-looking statements or guidance.

Industry Context

This Form 4 filing details an insider stock transaction, which is a routine disclosure for publicly traded companies. It does not provide broader industry context or trends.

Related Party Transactions

• The shares beneficially owned by Scott Farquhar are held indirectly by Farquhar Investment Partnership No. 2, indicating a related party holding.

Stakeholder Impact

• Shareholders may observe a reduction in direct insider ownership, though the pre-planned nature of the sales under a 10b5-1 plan typically lessens concerns about management's confidence in the company's future.

Key Dates

Keywords

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