Form 4: Atlassian Co-Founder Sells $1.18M in Stock Under 10b5-1 Plan

Atlassian Corp Director and 10% owner Scott Farquhar sold 7,665 shares of Class A Common Stock for approximately $1.18 million through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% owner of Atlassian Corp (TEAM), executed multiple sales of Class A Common Stock on December 2, 2025.
• A total of 7,665 shares were sold across five separate transactions.
• The sales were conducted at weighted-average prices ranging from $152.6549 to $156.57 per share.
• The total value of the shares sold amounts to approximately $1,184,539.76.
• These transactions were made pursuant to a Rule 10b5-1 trading plan adopted by Mr. Farquhar on February 12, 2025.
• Following these transactions, Mr. Farquhar indirectly beneficially owns 153,300 shares of Class A Common Stock through Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an insider sale can sometimes be viewed negatively, the execution under a pre-arranged 10b5-1 plan mitigates concerns, suggesting a planned diversification rather than a reaction to adverse company-specific news.

Positives

• The sales were executed under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and systematic approach to stock diversification rather than an immediate reaction to market conditions.

Negatives

• A significant insider, who is also a co-founder and 10% owner, selling shares could be perceived by some investors as a slight negative signal, even if pre-planned.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

This Form 4 filing reports a routine insider stock sale and does not provide information directly related to broader industry trends or competitive landscape for Atlassian Corp.

Related Party Transactions

• Shares are held indirectly by Farquhar Investment Partnership No. 2, indicating a related entity.

Stakeholder Impact

• Shareholders may note the sale by a significant insider, which could lead to minor short-term sentiment shifts, though the 10b5-1 plan suggests a non-event-driven transaction.
• The company's operational or strategic direction is not directly impacted by this routine insider transaction.

Key Dates

Keywords

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