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 11, 2025, under a pre-arranged trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp, reported the sale of Class A Common Stock.
• A total of 7,665 shares were sold across four separate transactions on September 11, 2025.
• The sales were executed at weighted-average prices ranging from $175.7148 to $178.4167 per share.
• These transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Farquhar on February 12, 2025.
• Following these transactions, Mr. Farquhar's indirect beneficial ownership stands at 99,645 shares, held by Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the reported transactions are routine sales executed under a pre-arranged 10b5-1 trading plan, which is a common practice for insiders and does not typically signal a change in company fundamentals or management's view of future prospects.

Future Outlook

This filing is a transactional report and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

Insider sales under a Rule 10b5-1 plan are a common practice among executives and directors to diversify holdings and manage liquidity, often pre-scheduled to avoid accusations of trading on material non-public information. Such routine sales typically do not reflect a change in the company's fundamental prospects or broader industry trends.

Related Party Transactions

• The shares beneficially owned following the transactions are held indirectly by Farquhar Investment Partnership No. 2, which is a related entity to the reporting person, Scott Farquhar.

Stakeholder Impact

• Shareholders: Minimal impact as these are routine, pre-scheduled sales by an insider, not indicative of a change in company fundamentals.
• Employees, Customers, Suppliers, Creditors: No direct impact from this insider transaction report.

Key Dates

Recommendation

The reported transactions are routine sales by a director and 10% owner, executed under a pre-established Rule 10b5-1 trading plan. Such transactions are generally not considered indicative of a change in the company's fundamental value or future prospects. Therefore, the filing itself does not provide new information warranting a change in investment recommendation, suggesting a 'hold' stance based solely on this report.

Keywords

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