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

Atlassian Director and 10% owner Scott Farquhar sold 7,665 shares of Class A Common Stock on June 16, 2025, through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), reported the sale of Class A Common Stock.
• The transactions occurred on June 16, 2025, and were executed under a Rule 10b5-1 trading plan adopted on February 12, 2025.
• A total of 7,665 shares were sold across four separate transactions.
• The sales included 700 shares at a weighted-average price of $202.1077, 421 shares at $198.9237, 4,008 shares at $200.3416, and 2,536 shares at $201.1097.
• Following these transactions, Mr. Farquhar's indirect beneficial ownership of Class A Common Stock, held by Farquhar Investment Partnership No. 2, stands at 68,985 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider sales can sometimes be viewed negatively, these transactions were conducted under a pre-arranged Rule 10b5-1 trading plan, which typically indicates a scheduled, non-discretionary sale for diversification or liquidity purposes, rather than a signal of negative company performance or outlook.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a scheduled transaction rather than a reaction to new, non-public information, which can reduce concerns about insider selling.

Negatives

• The transactions represent a reduction in direct and indirect insider ownership by a significant shareholder and director.

Risks

• While conducted under a 10b5-1 plan, a reduction in insider ownership could be perceived by some investors as a lack of confidence, though this is often mitigated by the pre-planned nature of the sale.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction report and does not provide broader industry context or trends. It reflects an individual's pre-planned stock sales within the technology sector.

Stakeholder Impact

• Shareholders: The sale reduces the direct and indirect ownership stake of a key insider, which could be viewed with slight caution, although the pre-arranged nature of the sale mitigates concerns about its implications for company performance.

Key Dates

Recommendation

Keywords

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