Form 4: Atlassian Co-Founder Sells 7,665 Shares Under 10b5-1 Plan

Atlassian Corp Director and 10% owner Scott Farquhar sold 7,665 shares of Class A Common Stock on December 5, 2025, through a pre-arranged trading plan.

Summary

• Scott Farquhar, a Director and 10% owner of Atlassian Corp (TEAM), disposed of a total of 7,665 shares of Class A Common Stock.
• The transactions occurred on December 5, 2025, at weighted-average prices ranging from $156.9515 to $164.0277 per share.
• 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 130,305 shares of Class A Common Stock through Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: Neutral. While insider selling can sometimes be viewed negatively, the execution under a pre-arranged 10b5-1 plan mitigates concerns about opportunistic timing. It's a routine liquidity event for a significant shareholder.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which indicates the transactions were scheduled in advance and not based on immediate, non-public information.

Negatives

• A significant insider sale by a Director and 10% owner could be perceived negatively by some investors, potentially signaling a lack of confidence or a desire for diversification.

Risks

• Insider selling, even under a 10b5-1 plan, can sometimes lead to negative market sentiment if not properly understood, potentially causing short-term share price volatility.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Atlassian Corp's future performance or strategic direction.

Industry Context

Insider transactions are a routine part of the market, particularly for long-serving executives and founders. The use of a Rule 10b5-1 plan is a common practice for insiders to sell shares systematically while avoiding accusations of trading on material non-public information. This specific transaction does not inherently indicate a shift in broader industry trends for software or collaboration tools.

Comparison to Industry Standards

• The use of a Rule 10b5-1 trading plan for insider sales is a standard corporate governance practice among publicly traded companies, including those in the technology sector like Microsoft, Apple, and Google, to manage personal liquidity needs while adhering to SEC regulations.

Stakeholder Impact

• Shareholders: May interpret the insider sale as a signal, though the 10b5-1 plan context suggests it's a planned liquidity event rather than a reaction to new information. The reduction in direct beneficial ownership by a key founder could be noted.
• Employees: No direct impact mentioned.

Key Dates

Keywords

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