Form 4: Atlassian Director Scott Farquhar Sells Over 7,600 Shares Under Pre-Arranged Trading Plan

Atlassian Corp Director and 10% owner Scott Farquhar reported the sale of 7,615 shares of Class A Common Stock on June 24, 2025, executed under a pre-arranged Rule 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 7,615 shares were sold on June 24, 2025, across multiple transactions.
• The sales were executed at weighted-average prices ranging from $195.703 to $200.70 per share.
• The transactions were conducted pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Farquhar on February 12, 2025.
• Following these transactions, Mr. Farquhar's indirect beneficial ownership of Class A Common Stock stands at 30,660 shares, held by Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The document reports a routine insider stock sale executed under a pre-arranged 10b5-1 trading plan, which is generally considered a neutral event as it indicates planned diversification or liquidity rather than a reaction to new information about the company's performance.

Positives

• The sales were executed under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and systematic approach to share disposition rather than a reaction to new, adverse information.

Negatives

• A significant insider, who is also a 10% owner, has reduced their direct and indirect holdings in the company.

Risks

• NA

Future Outlook

This SEC Form 4 filing reports an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine disclosure of an insider stock transaction and does not provide specific insights into broader industry trends or competitive dynamics. Insider sales, particularly those under 10b5-1 plans, are common for diversification or liquidity purposes.

Related Party Transactions

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

Stakeholder Impact

• Shareholders may note the sale of shares by a significant insider, though the pre-arranged nature of the sale under a 10b5-1 plan typically mitigates concerns about its implications for company performance or future prospects.

Key Dates

Keywords

Atlassian, TEAM, Scott Farquhar, insider trading, Form 4, beneficial ownership, stock sale, 10b5-1 plan, director, 10% owner