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 27, 2025, through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), executed multiple sales of Class A Common Stock on June 27, 2025.
• A total of 7,665 shares were disposed of directly by the reporting person.
• These transactions were conducted pursuant to a Rule 10b5-1 trading plan, which was adopted on February 12, 2025.
• The sales occurred at weighted-average prices ranging from $200.1317 to $206.3 per share.
• Following these transactions, Scott Farquhar's beneficial ownership of Class A Common Stock is 7,665 shares, held indirectly by Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The document reports routine insider stock sales executed under a pre-arranged 10b5-1 trading plan. This is a common practice for executives and directors for personal financial planning and does not inherently indicate a positive or negative outlook on the company's future, thus maintaining a neutral sentiment.

Positives

• The sales were executed under a Rule 10b5-1 trading plan, which indicates pre-planned transactions and enhances transparency, reducing the perception of opportunistic insider trading.

Negatives

• Insider sales, even when pre-planned, can sometimes be perceived negatively by the market as they represent a reduction in direct ownership by a key executive and significant shareholder.

Future Outlook

NA

Industry Context

This document is a routine SEC Form 4 filing, which reports changes in beneficial ownership by company insiders. It does not provide broader industry context or trends, focusing solely on the specific insider trading activity.

Related Party Transactions

• Shares are held indirectly by Farquhar Investment Partnership No. 2, which is a related entity to the reporting person, Scott Farquhar.

Stakeholder Impact

• Shareholders: The sale of shares by a significant insider, even under a 10b5-1 plan, might lead to minor short-term market reactions, but the pre-planned nature typically mitigates significant negative impact.
• Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this routine insider transaction report.

Key Dates

Keywords

Atlassian, TEAM, Scott Farquhar, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Class A Common Stock, Director, 10% Owner