Form 4: Atlassian Director Scott Farquhar Sells Shares Under Pre-Arranged 10b5-1 Plan

Atlassian Corp Director and 10% owner Scott Farquhar sold a total of 7,665 shares of Class A Common Stock on July 16, 2025, through a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), reported sales of Class A Common Stock.
• The transactions occurred on July 16, 2025.
• A total of 7,665 shares were sold across five separate transactions.
• The sales were executed at weighted-average prices ranging from $187.1344 to $190.838 per share.
• These sales were conducted under a Rule 10b5-1 trading plan adopted on February 12, 2025.
• Following these transactions, Scott Farquhar's indirect beneficial ownership stands at 406,245 shares, held by Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: Neutral. The document reports routine insider stock sales conducted under a pre-arranged 10b5-1 trading plan, which is a common practice for executives and directors for diversification and liquidity purposes, and does not inherently indicate a positive or negative outlook on the company's future performance.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Insider sales, even when pre-planned under a 10b5-1 plan, are a routine part of executive compensation and diversification strategies. While they represent a decrease in insider holdings, the pre-scheduled nature mitigates concerns about management's immediate confidence in the company's prospects.

Key Dates

Keywords

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