Form 4: Atlassian Co-Founder Sells $1.15M in Shares

Atlassian co-founder Scott Farquhar sold 7,665 Class A Common Stock shares for approximately $1.15 million through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp, reported the sale of Class A Common Stock.
• The transactions occurred on October 2, 2025.
• A total of 7,665 shares were sold across four separate transactions.
• The sales were executed pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.
• The total value of shares sold was approximately $1,154,361.
• Following these transactions, Farquhar's indirect beneficial ownership stands at 475,230 Class A Common Stock shares, held by Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reports a routine insider stock sale conducted under a pre-arranged 10b5-1 trading plan, which typically indicates a planned liquidity event rather than a reaction to new company-specific news.

Positives

• The sales were 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 pre-planned, can sometimes be perceived negatively by the market as it reduces the insider's direct stake in the company.

Risks

• No specific company risks are detailed in this Form 4 filing.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing, reporting an insider stock sale, does not provide information relevant to broader industry trends or competitors.

Related Party Transactions

• The shares beneficially owned following the reported transactions are held indirectly by Farquhar Investment Partnership No. 2.

Stakeholder Impact

• Shareholders: The sale by a co-founder and 10% owner could lead to minor market speculation, though the 10b5-1 plan mitigates concerns about immediate negative implications. It represents a slight reduction in insider ownership.

Next Steps

• The Reporting Person undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder.

Key Dates

Keywords

Atlassian, TEAM, Scott Farquhar, insider trading, Form 4, stock sale, 10b5-1 plan, beneficial ownership, Class A Common Stock