Form 4: Atlassian Co-Founder Sells $1.3M in Stock Under 10b5-1 Plan

Atlassian co-founder and 10% owner Scott Farquhar sold 7,665 shares of Class A Common Stock for approximately $1.3 million under a pre-arranged trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp, sold a total of 7,665 shares of Class A Common Stock on September 8, 2025.
• The sales were executed in three separate transactions at weighted-average prices ranging from $170.386 to $172.1602 per share.
• The total value of the shares sold amounts to approximately $1,315,493.63.
• These transactions were conducted pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Farquhar on February 12, 2025.
• Following these transactions, Mr. Farquhar, through Farquhar Investment Partnership No. 2, beneficially owns 122,640 shares of Class A Common Stock indirectly.

Sentiment

Score: 5

Explanation: The filing reports a routine insider sale executed under a pre-arranged 10b5-1 trading plan, which is generally considered neutral. It does not suggest any significant positive or negative developments for the company.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, adopted on February 12, 2025, indicating a pre-scheduled transaction for diversification or liquidity rather than a reaction to recent company performance, which enhances transparency.

Negatives

• A co-founder and 10% owner selling shares, even under a 10b5-1 plan, can sometimes be interpreted by some investors as a slight reduction in insider conviction, though this is often a routine part of wealth management for high-net-worth individuals.

Future Outlook

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

Management Comments

• The transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 12, 2025.

Industry Context

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

Related Party Transactions

• The shares sold were indirectly held by Farquhar Investment Partnership No. 2, an entity related to the reporting person, Scott Farquhar.

Stakeholder Impact

• Shareholders may note the sale by a co-founder, but given it's under a 10b5-1 plan and a relatively small percentage of total holdings, the impact is likely minimal.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this transaction.

Key Dates

Recommendation

The reported insider sale by a co-founder is a routine transaction executed under a pre-arranged 10b5-1 trading plan, often for diversification or liquidity purposes. It does not indicate a change in the company's fundamental outlook or warrant a shift in investment strategy based solely on this filing. Therefore, a 'hold' recommendation is appropriate as this event alone does not provide new information to alter the investment thesis.

Keywords

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