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

Atlassian Director and 10% Owner Scott Farquhar sold 7,665 shares of Class A Common Stock on September 10, 2025, through a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), sold a total of 7,665 shares of Class A Common Stock.
• The transactions occurred on September 10, 2025.
• Sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Farquhar on February 12, 2025.
• Weighted-average sale prices for the shares ranged from $173.8601 to $181.8563 per share.
• Following these direct sales, Mr. Farquhar's direct beneficial ownership of Class A Common Stock was reduced, with remaining indirect holdings held by Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The sale of shares by a director and 10% owner, while a reduction in direct holdings, was conducted under a pre-arranged 10b5-1 trading plan. This typically indicates a planned liquidity event rather than a reaction to new company-specific information, leading to a neutral sentiment.

Negatives

• A significant insider, Scott Farquhar, reduced his direct holdings by selling 7,665 shares of company stock.

Future Outlook

This filing, a Form 4, reports insider transactions and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This insider transaction report is specific to an individual's stock sales and does not provide information directly related to broader industry trends or competitive landscape analysis for Atlassian.

Related Party Transactions

• Shares are indirectly held by Farquhar Investment Partnership No. 2, an entity related to the reporting person.

Stakeholder Impact

• Shareholders: The sale by a significant insider, even if pre-planned, could lead to minor market perception shifts, though the impact is generally mitigated by the 10b5-1 plan disclosure.

Key Dates

Recommendation

This filing reports a routine insider stock sale executed under a pre-arranged 10b5-1 plan. This type of transaction is typically for personal financial planning and does not usually signal a change in the company's fundamental outlook or warrant a change in investment recommendation based solely on this filing. Therefore, a 'hold' recommendation is appropriate.

Keywords

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