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

Atlassian co-founder Scott Farquhar sold a total of 7,665 Class A Common Stock shares on February 2, 2026, under a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), reported the sale of Class A Common Stock.
• A total of 7,665 shares were disposed of across six separate transactions on February 2, 2026.
• The sales were executed at weighted-average prices ranging from $114.0299 to $119.29 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 of Class A Common Stock stands at 306,600 shares, held by Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine insider transaction under a pre-arranged plan, which typically has a neutral impact on company sentiment as it's not indicative of a change in company fundamentals.

Future Outlook

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

Industry Context

StockSavvy.ai notes that insider sales executed under Rule 10b5-1 trading plans are a common practice among executives and directors. These plans allow insiders to pre-arrange sales of company stock at a future date, providing an affirmative defense against claims of trading on material non-public information. Such transactions are generally viewed as routine personal financial management rather than a reflection of the company's immediate prospects.

Related Party Transactions

• The shares beneficially owned following the reported transactions are held indirectly by Farquhar Investment Partnership No. 2, indicating a related party holding.

Stakeholder Impact

• Shareholders may note the sale of shares by a significant insider, but given it's under a 10b5-1 plan, it is generally not interpreted as a negative signal regarding the company's future.

Key Dates

Recommendation

The reported transactions are routine sales by a director and 10% owner under a pre-established 10b5-1 trading plan. Such sales are common for diversification and personal financial planning and do not inherently signal a change in the company's fundamental outlook or warrant an immediate change in investment strategy. Therefore, a 'hold' recommendation is appropriate based solely on this filing.

Keywords

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