Form 4: Atlassian Director Files Plan for Future $1.3M Share Sale

Atlassian Director and 10% owner Scott Farquhar filed a Form 4 reporting a scheduled sale of 7,665 Class A Common Stock shares for approximately $1.3 million on September 16, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% owner of Atlassian Corp (TEAM), reported a scheduled sale of 7,665 shares of Class A Common Stock.
• The sales are scheduled to occur on September 16, 2025, at weighted-average prices ranging from $171.95 to $175.52 per share.
• The total value of the shares to be sold is approximately $1.3 million.
• These transactions are to be executed pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.
• Following these scheduled sales, Farquhar is expected to indirectly beneficially own 76,650 shares through Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: Neutral. The filing reports a future, pre-arranged insider sale under a 10b5-1 plan. This typically indicates a planned liquidity event rather than a reaction to new material non-public information. The amount is also a small fraction of total holdings, and the future date means the transaction has not yet impacted the market.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Shares are held by Farquhar Investment Partnership No. 2, an entity through which Scott Farquhar indirectly beneficially owns the securities.

Stakeholder Impact

• Minor potential impact on shareholder sentiment due to the pre-announced insider selling, though mitigated by the pre-arranged 10b5-1 plan.
• No direct impact on employees, customers, suppliers, or creditors mentioned.

Key Dates

Recommendation

The Form 4 reports a future, scheduled insider sale by Scott Farquhar under a Rule 10b5-1 trading plan. This type of transaction is typically a pre-planned liquidity event and does not usually signal a change in the company's fundamental outlook. The sale represents a relatively small portion of his overall indirect holdings. Therefore, this filing alone does not provide a basis for altering an existing investment position.

Keywords

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