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

Atlassian Corp Director and 10% Owner Scott Farquhar sold 7,665 shares of Class A Common Stock totaling approximately $1.27 million under a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp, reported the sale of 7,665 shares of Class A Common Stock.
• The transactions occurred on October 23, 2025, at weighted-average prices ranging from $163.9672 to $167.932 per share.
• The total value of the shares sold amounts to approximately $1,270,000.
• 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 indirectly beneficially owns 360,255 shares of Class A Common Stock through Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can sometimes be viewed negatively, the fact that these sales were conducted under a pre-arranged 10b5-1 plan mitigates concerns about management's immediate outlook on the company's prospects. It is likely for personal financial planning or diversification.

Negatives

• A significant insider sale of 7,665 shares by a key executive and major shareholder, totaling approximately $1.27 million, could be perceived negatively by some investors, despite being pre-planned.

Risks

• While the sale was pre-planned, large insider sales can sometimes lead to negative market sentiment or raise questions about management's long-term outlook, even if for personal financial planning.

Future Outlook

NA

Industry Context

This filing is specific to an insider transaction and does not provide information on broader industry trends or competitive landscape for Atlassian Corp.

Related Party Transactions

• The shares beneficially owned following the reported transactions are held indirectly by Farquhar Investment Partnership No. 2, an entity related to the reporting person, Scott Farquhar.

Stakeholder Impact

• Shareholders may observe a slight increase in available shares on the market, but the impact is likely minimal given the pre-planned nature of the sale and the relatively small percentage of total outstanding shares represented by this transaction.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Recommendation

A Form 4 filing detailing pre-planned insider sales, especially under a 10b5-1 plan, typically does not provide sufficient new information to warrant a change in investment recommendation. These sales are often for personal financial management or diversification and do not necessarily reflect a change in the insider's confidence in the company's long-term prospects. Investors should continue to evaluate Atlassian based on its fundamental performance, financial reports, and strategic initiatives.

Keywords

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