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

Atlassian Director and 10% owner Scott Farquhar sold 7,948 shares of Class A Common Stock on June 2, 2025, through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% owner of Atlassian Corp (TEAM), disposed of a total of 7,948 shares of Class A Common Stock on June 2, 2025.
• The sales were executed in multiple trades at weighted-average prices ranging from $199.505 to $207.4297 per share.
• These transactions were conducted pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Farquhar on February 14, 2024.
• Following these transactions, Mr. Farquhar's indirect beneficial ownership through the Farquhar Family Trust stands at 31,792 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sale of shares by a director is a routine transaction executed under a pre-arranged 10b5-1 trading plan, which typically indicates a planned liquidity event rather than a reaction to new company-specific information, thus having a neutral sentiment.

Positives

• The transactions were conducted under a Rule 10b5-1 trading plan, indicating pre-scheduled sales and reducing concerns about opportunistic insider trading based on non-public information.

Negatives

• The sale of shares by a director and 10% owner, even under a pre-arranged plan, reduces the insider's direct stake in the company, which can sometimes be perceived as a lack of confidence by some investors.

Management Comments

• "This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 14, 2024."
• "This transaction was executed in multiple trades during the day at prices ranging from [specific ranges]. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected."

Related Party Transactions

• The shares sold were held indirectly by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust, which is a related party to the reporting person.

Stakeholder Impact

• Shareholders: The sale of shares by a key insider, even under a 10b5-1 plan, could be perceived as a slight negative signal regarding insider confidence, though its impact is generally limited given the pre-planned nature of the transaction.

Key Dates

Recommendation

Keywords

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