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

Atlassian co-founder Scott Farquhar sold 7,765 shares of Class A Common Stock for approximately $1.18 million under a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), disposed of 7,765 shares of Class A Common Stock.
• The transactions occurred on October 14, 2025, through multiple trades at weighted-average prices ranging from $148.1956 to $157.39 per share.
• The total value of the shares sold is approximately $1,177,729.24.
• These sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Farquhar on February 12, 2025.
• Following these transactions, Farquhar beneficially owns 413,910 shares of Class A Common Stock indirectly through Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While it involves insider selling, the transactions were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a scheduled liquidity event rather than a reaction to new material non-public information. This mitigates the typical negative perception of insider sales.

Negatives

• Insider selling by a co-founder and significant owner could be perceived negatively by some investors, despite being pre-planned.

Risks

• Potential for negative investor sentiment if the market misinterprets the routine nature of the 10b5-1 plan sales as a lack of confidence in the company's future.

Future Outlook

NA

Industry Context

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

Stakeholder Impact

• Shareholders may observe a slight decrease in direct insider ownership, which could marginally influence sentiment, though the pre-planned nature of the sales lessens the impact.

Key Dates

Recommendation

The reported transactions are routine sales by a co-founder under a pre-established 10b5-1 trading plan. Such plans are typically set up for personal financial planning and diversification, not necessarily as a signal of a change in the company's fundamental prospects. Without additional information regarding company performance or strategic shifts, these insider sales alone do not warrant a change from a 'hold' recommendation.

Keywords

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