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

Atlassian Director and 10% owner Scott Farquhar sold 7,665 shares of Class A Common Stock for approximately $1.57 million on July 2, 2025, as part of a pre-established Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% owner of Atlassian Corp (TEAM), sold a total of 7,665 shares of Class A Common Stock on July 2, 2025.
• The sales were executed in multiple trades at weighted-average prices ranging from $201.58 to $206.5294 per share.
• The estimated total value of the shares sold is approximately $1,571,232.84.
• Following these transactions, Scott Farquhar beneficially owns 475,230 shares of Class A Common Stock.
• The transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.
• A portion of the shares are held indirectly by Farquhar Investment Partnership No. 2.

Sentiment

Score: 6

Explanation: The sale of shares by a director and 10% owner is generally viewed neutrally to slightly negatively. However, the fact that it was executed under a pre-established Rule 10b5-1 trading plan mitigates potential negative interpretations, as it indicates a planned, non-discretionary transaction rather than one based on new, non-public information.

Positives

• The sales were conducted under a pre-established Rule 10b5-1 trading plan, indicating a planned and automated transaction rather than a discretionary sale based on new, non-public information, which reduces the perception of negative insider sentiment.

Negatives

• The sale of shares by a Director and 10% owner, even if pre-planned, reduces their direct equity stake in the company, which could be perceived by some investors as a slight reduction in alignment of interests.

Risks

• The document does not detail general company risks. The only 'risk' related to the transaction itself is the potential for price fluctuations during the execution of multiple trades, which is inherent in large block sales.

Future Outlook

The transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025, indicating a pre-scheduled and automated sale of equity securities. This plan allows insiders to sell shares at a predetermined time or price, providing a framework for future transactions.

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide information relevant to broader industry trends or competitive analysis. It is a routine disclosure of a pre-planned stock sale by a company executive.

Related Party Transactions

• Shares are held indirectly by Farquhar Investment Partnership No. 2, indicating a related party entity involved in the beneficial ownership of the shares.

Stakeholder Impact

• Shareholders: The sale of shares by a significant insider could lead to minor concerns about reduced insider alignment, though the 10b5-1 plan mitigates this. It also provides transparency regarding insider holdings.

Next Steps

• The reporting person undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder.

Key Dates

Keywords

Atlassian Corp, TEAM, Scott Farquhar, Insider Trading, Form 4, Stock Sale, Rule 10b5-1, Director, 10% Owner, Class A Common Stock