Form 4: Atlassian Co-Founder Scott Farquhar Sells TEAM Shares

Atlassian Director and 10% owner Scott Farquhar reported the sale of 7,665 shares of Class A Common Stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% owner of Atlassian Corp (TEAM), reported the sale of 7,665 shares of Class A Common Stock.
• The transactions occurred on September 17, 2025, at weighted-average prices ranging from $172.1201 to $176.72 per share.
• These sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Farquhar on February 12, 2025.
• Following these transactions, Mr. Farquhar beneficially owns 68,985 shares indirectly through Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The transaction is a routine, pre-planned insider sale under a Rule 10b5-1 plan, which typically has a neutral impact on sentiment. It does not indicate new positive or negative information about the company's performance.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned diversification or liquidity event rather than a reaction to new, negative information.

Negatives

• Insider selling, even if planned, can sometimes be perceived as a lack of confidence by some investors, though this is mitigated by the 10b5-1 plan.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing, which reports past transactions.

Industry Context

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

Related Party Transactions

• No new related party transactions are disclosed beyond the indirect beneficial ownership of shares through Farquhar Investment Partnership No. 2, which is a pre-existing arrangement.

Stakeholder Impact

• Shareholders: Minimal impact, as it is a planned sale and a relatively small percentage of total shares outstanding.
• Employees, Customers, Suppliers, Creditors: No direct impact from this insider transaction.

Next Steps

• No specific future actions, events, or milestones are mentioned in this Form 4 filing beyond the reporting of past transactions.

Key Dates

Recommendation

This Form 4 reports a pre-scheduled sale of shares by a director under a Rule 10b5-1 plan. Such transactions are generally considered routine and do not typically signal a change in the company's fundamental outlook or warrant a change in investment recommendation based solely on this filing. Investors should continue to evaluate Atlassian based on its financial performance, strategic initiatives, and market position.

Keywords

Atlassian, TEAM, Scott Farquhar, insider trading, Form 4, stock sale, 10b5-1 plan, beneficial ownership, director, 10% owner