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

Atlassian Corp (TEAM) Director and 10% owner Scott Farquhar reported the sale of 7,665 shares of Class A Common Stock on June 18, 2025, through a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% owner of Atlassian Corp (TEAM), sold a total of 7,665 shares of Class A Common Stock on June 18, 2025.
• The sales were executed at weighted-average prices ranging from $194.4969 to $198.5844 per share.
• These transactions were conducted under a Rule 10b5-1 trading plan, which was adopted by Mr. Farquhar on February 12, 2025.
• Following these transactions, Mr. Farquhar's indirect beneficial ownership of Class A Common Stock, held through Farquhar Investment Partnership No. 2, stands at 53,655 shares.

Sentiment

Score: 5

Explanation: The document reports a routine, pre-planned insider stock sale under a Rule 10b5-1 trading plan. This type of transaction is generally considered neutral as it does not reflect new information about the company's performance or outlook, but rather a pre-scheduled liquidity event for the insider.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

NA

Comparison to Industry Standards

• NA

Related Party Transactions

• The shares sold were indirectly held by Farquhar Investment Partnership No. 2, an entity related to the reporting person, Scott Farquhar.

Stakeholder Impact

• Shareholders: The sale of shares by a significant insider, even if pre-planned, could be perceived by some as a slight negative signal, though the 10b5-1 plan mitigates this. It reduces the insider's direct stake, but the overall impact on the company's operations or value is minimal.

Next Steps

• NA

Key Dates

Keywords

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