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 June 23, 2025, as part of a pre-arranged 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 June 23, 2025.
• The sales were executed at weighted-average prices ranging from $188.4425 to $194.21 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 38,325 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an insider sale can sometimes be perceived negatively, the fact that it was conducted under a pre-arranged Rule 10b5-1 plan mitigates concerns, as it indicates a planned disposition rather than a reaction to new, non-public information.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned disposition rather than a reaction to new, non-public information.

Negatives

• An insider sale, even if pre-planned, reduces the insider's direct stake in the company.

Risks

• No specific risks beyond the general implications of insider selling are mentioned in this Form 4.

Future Outlook

NA

Industry Context

This Form 4 filing details an individual insider transaction and does not provide information relevant to broader industry trends or competitor analysis.

Related Party Transactions

• The remaining beneficial ownership of 38,325 shares is held indirectly by Farquhar Investment Partnership No. 2, which is a related party to Scott Farquhar.

Stakeholder Impact

• Shareholders: May observe a slight negative sentiment due to insider selling, though mitigated by the 10b5-1 plan.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific filing.

Key Dates

Keywords

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