SCHEDULE: Atlassian Co-Founder Scott Farquhar Updates 21.8% Stake

Atlassian co-founder Scott Farquhar filed an amended Schedule 13G, reporting beneficial ownership of 21.8% of Class A Common Stock as of December 31, 2025.

Summary

• Scott Farquhar, co-founder of Atlassian Corporation, filed an Amendment No. 14 to Schedule 13G.
• The filing reports beneficial ownership of 47,534,373 shares of Class B Common Stock as of December 31, 2025.
• These shares are held of record by Farquhar Investment Partnership No. 2.
• Farquhar holds sole voting and dispositive power over these shares.
• The 47,534,373 Class B shares represent 21.8% of the Class A Common Stock, assuming conversion of Class B shares for calculation purposes.
• Each Class B share is convertible into one Class A share and carries ten votes.
• The reported Class B shares represent approximately 42.4% of the aggregate combined voting power of Atlassian's outstanding Class A and Class B Common Stock.
• As of December 31, 2025, Atlassian had 170,436,795 shares of Class A Common Stock and 95,068,747 shares of Class B Common Stock outstanding.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine regulatory filing that updates beneficial ownership information without providing new operational or financial insights.

Positives

• Continued significant ownership by co-founder Scott Farquhar, holding 21.8% of Class A equivalent shares and 42.4% of combined voting power, demonstrates strong insider alignment with the company's long-term success.

Negatives

• NA

Risks

• The dual-class share structure, where Class B shares held by insiders like Scott Farquhar carry ten votes per share compared to Class A's one vote, concentrates significant voting power (42.4% for Farquhar alone) with a small group of insiders, potentially limiting the influence of public Class A shareholders on corporate governance matters.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that significant insider ownership, especially by a co-founder, often signals confidence in the company's long-term strategy and execution. The dual-class share structure, common among tech companies like Atlassian, concentrates voting power with founders, which can provide stability but also raise concerns about minority shareholder influence.

Corporate Governance

Stakeholder Impact

• Shareholders: Class A shareholders may note the continued strong control by co-founder Scott Farquhar, which could be viewed positively for long-term vision or negatively for diluted voting influence.
• Management: The significant voting power held by a co-founder provides stability and clear direction for management.

Key Dates

Recommendation

This filing is a routine update on beneficial ownership by a co-founder and does not contain new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The continued significant insider ownership is a known factor for Atlassian.

Keywords

Atlassian, Scott Farquhar, Schedule 13G, beneficial ownership, Class A Common Stock, Class B Common Stock, insider ownership, corporate governance, voting power