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 has sold 7,948 shares of Class A Common Stock for approximately $1.64 million through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% owner of Atlassian Corporation (TEAM), disposed of a total of 7,948 shares of Class A Common Stock.
• The transactions occurred on May 29, 2025, and were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The shares were sold in multiple trades at weighted-average prices ranging from $204.2553 to $214.0433 per share.
• The total value of the shares sold is approximately $1,640,000 based on the weighted-average prices.
• Following these transactions, Scott Farquhar beneficially owns 47,688 shares of Class A Common Stock indirectly through Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an insider sale can sometimes be perceived negatively, this transaction was conducted under a pre-arranged 10b5-1 plan, which is a common practice for managing personal liquidity and diversification, and does not necessarily reflect a negative outlook on the company's future.

Future Outlook

This document is a disclosure of insider trading activity and does not contain forward-looking statements or guidance regarding the company's future performance.

Industry Context

This filing is a routine disclosure of an insider stock transaction, common for executives and directors of publicly traded companies, especially when conducted under a pre-arranged Rule 10b5-1 plan designed to avoid accusations of insider trading.

Stakeholder Impact

• Shareholders: The sale by a significant insider (Director and 10% owner) could be noted by investors, though the pre-planned nature under Rule 10b5-1 mitigates concerns about opportunistic selling.

Key Dates

Keywords

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