Form 4: Atlassian Director Sells $1.1M in Pre-Planned Stock Sale

Atlassian Director and 10% owner Scott Farquhar sold 7,665 shares of Class A Common Stock for approximately $1.1 million on October 10, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% owner of Atlassian Corp (TEAM), executed multiple sales of Class A Common Stock on October 10, 2025.
• A total of 7,665 shares were sold across five separate transactions.
• The sales were conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Farquhar on February 12, 2025.
• The weighted-average prices for the transactions ranged from $144.8955 to $148.9011 per share.
• Following these transactions, Mr. Farquhar's indirect beneficial ownership stands at 429,240 shares of Class A Common Stock, held by Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions were executed under a pre-arranged 10b5-1 trading plan, indicating a scheduled sale rather than a reaction to new material information.

Negatives

• Insider selling, even when pre-planned, can sometimes be perceived negatively by the market, though the 10b5-1 plan mitigates concerns about opportunistic trading.

Risks

• No specific new risks were identified in this filing related to the company's operations or financial health. The transaction itself represents a reduction in a significant insider's direct holdings.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding Atlassian Corp's future performance or strategic direction.

Industry Context

This filing is a routine disclosure of an insider stock transaction and does not provide information directly related to broader industry trends or competitive landscape. It reflects a pre-planned sale by a key executive in the software industry.

Related Party Transactions

• The remaining 429,240 shares of Class A Common Stock are indirectly held by Farquhar Investment Partnership No. 2, which is a related entity to the reporting person, Scott Farquhar.

Stakeholder Impact

• Shareholders: The sale represents a reduction in a significant insider's holdings, but the pre-planned nature under Rule 10b5-1 typically minimizes negative interpretations.
• Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this insider trading report.

Key Dates

Keywords

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