Form 4: Atlassian Co-Founder Scott Farquhar Sells Over 7,900 Shares Under Pre-Arranged Trading Plan

Atlassian Corporation Director and 10% Owner Scott Farquhar sold 7,948 shares of Class A Common Stock for approximately $1.67 million on May 27, 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 7,948 shares of Class A Common Stock on May 27, 2025.
• The sales were executed under a Rule 10b5-1 trading plan, which was adopted on February 14, 2024, indicating a pre-scheduled transaction not based on new, non-public information.
• The shares were sold in three separate transactions at weighted-average prices of $210.7134, $211.3722, and $208.23.
• The total estimated proceeds from these sales amount to approximately $1,675,870.95.
• Following these transactions, the beneficial ownership of Class A Common Stock held indirectly by the Farquhar Family Trust is 63,584 shares.

Sentiment

Score: 5

Explanation: The sale is a routine transaction conducted under a pre-established 10b5-1 plan, which typically minimizes negative market interpretation compared to an unplanned insider sale, resulting in a neutral sentiment.

Positives

• The transaction was conducted under a Rule 10b5-1 trading plan, which suggests the sale was pre-scheduled and not based on new, non-public information, mitigating potential negative interpretations.

Negatives

• An insider sale, even if pre-planned, reduces the direct stake of a key executive and significant shareholder in the company.

Risks

• While a 10b5-1 plan mitigates the perception of opportunistic selling, large insider sales can sometimes be misinterpreted by the market as a lack of confidence, potentially leading to short-term negative sentiment.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minor impact. A pre-planned insider sale is generally viewed as less significant than an unplanned sale, but it still represents a reduction in a key insider's stake.

Key Dates

Keywords

Atlassian, TEAM, Scott Farquhar, insider trading, Form 4, SEC filing, beneficial ownership, stock sale, 10b5-1 plan, Class A Common Stock