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

Atlassian Director and 10% Owner Scott Farquhar sold a total of 7,665 shares of Class A Common Stock on June 30, 2025, through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp, sold Class A Common Stock.
• The sales occurred on June 30, 2025.
• A total of 7,665 shares were sold across three separate transactions.
• The shares were sold at weighted-average prices of $204.1238 (264 shares), $202.6967 (2,747 shares), and $203.3773 (4,654 shares).
• These transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Farquhar on February 12, 2025.
• The shares sold were held indirectly through Farquhar Investment Partnership No. 2, with the final transaction reducing this specific indirect holding to 0.00 shares.

Sentiment

Score: 5

Explanation: The document reports routine insider share sales executed under a pre-arranged Rule 10b5-1 trading plan, which is a common practice for executives and directors for personal financial planning and diversification. This type of transaction is generally considered neutral in terms of company performance or outlook.

Positives

• Transactions were executed under a pre-arranged Rule 10b5-1 trading plan, indicating planned sales for personal financial management rather than reactive market timing.

Negatives

• A significant number of shares (7,665) were sold by a key insider (Director and 10% Owner), which some investors may perceive negatively despite the pre-planned nature.

Risks

• Potential investor perception risk due to significant insider share sales, even if conducted under a pre-planned Rule 10b5-1 program.

Future Outlook

No forward-looking statements or guidance are provided in this insider transaction report.

Industry Context

This document reports a routine insider transaction specific to Atlassian Corp and its co-founder, Scott Farquhar. It does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• Sales of shares held indirectly by Farquhar Investment Partnership No. 2, an entity associated with the reporting person, Scott Farquhar.

Stakeholder Impact

• Shareholders: May note the insider selling, but the execution under a Rule 10b5-1 plan typically mitigates concerns about the timing or motivation of the sales.

Key Dates

Keywords

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