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

Atlassian Corp Director and 10% Owner Scott Farquhar sold 7,665 shares of Class A Common Stock on June 20, 2025, as part of a pre-established Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), sold a total of 7,665 shares of the company's Class A Common Stock on June 20, 2025.
• The sales were executed in multiple trades at weighted-average prices ranging from $189.6933 to $198.1732 per share.
• These transactions were conducted pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Farquhar on February 12, 2025.
• Following these transactions, Mr. Farquhar beneficially owns 45,990 shares of Class A Common Stock indirectly through Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: Neutral. While it's insider selling, it's under a pre-arranged 10b5-1 plan, which mitigates negative interpretations. It's a routine disclosure for a planned transaction.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and systematic disposition of shares rather than a reaction to new, negative information.

Negatives

• Insider selling, even if pre-planned, reduces the insider's direct equity stake in the company.

Risks

• While executed under a 10b5-1 plan, significant insider selling can sometimes be misinterpreted by the market as a lack of confidence, potentially leading to negative sentiment.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minor impact, as the sales are part of a pre-planned disposition and not indicative of a sudden change in company prospects. The reduction in insider ownership is minimal relative to total shares outstanding.

Key Dates

Keywords

Atlassian, TEAM, Scott Farquhar, Form 4, insider trading, stock sale, beneficial ownership, Rule 10b5-1, corporate governance, software, technology