Form 4: Atlassian Director and 10% Owner Scott Farquhar Sells Over 7,900 Shares Under Pre-Arranged Trading Plan

Atlassian Corp's Director and 10% Owner, Scott Farquhar, sold a total of 7,948 shares of Class A Common Stock on June 6, 2025, through a pre-arranged Rule 10b5-1 trading plan, resulting in zero indirect beneficial ownership through the Farquhar Family Trust.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), reported the sale of 7,948 shares of Class A Common Stock.
• The transactions occurred on June 6, 2025, and were executed pursuant to a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The sales were conducted in multiple trades at weighted-average prices ranging from $214.9159 to $219.0108 per share.
• Following these transactions, Scott Farquhar's direct beneficial ownership is 0.00 shares, and his indirect beneficial ownership through the Farquhar Family Trust is also 0.00 shares, indicating a complete divestment of these specific holdings.

Sentiment

Score: 3

Explanation: While the transactions were executed under a pre-arranged Rule 10b5-1 trading plan, the complete divestment of all indirect beneficial ownership held through the Farquhar Family Trust by a director and 10% owner could be perceived as a moderately negative signal regarding long-term commitment or liquidity needs.

Positives

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

Negatives

• A Director and 10% Owner selling a significant number of shares (7,948 shares) can be perceived as a negative signal by investors, potentially indicating a lack of confidence or a need for liquidity.
• The transactions resulted in a complete divestment of all indirect beneficial ownership held through the Farquhar Family Trust, which is a substantial reduction in the insider's stake.

Related Party Transactions

• Shares were held indirectly by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.

Stakeholder Impact

• Shareholders may interpret the insider selling, particularly the complete divestment of indirect holdings, as a signal of reduced confidence, although the pre-planned nature mitigates this to some extent.

Key Dates

Recommendation

Keywords

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