Form 4: Atlassian Director Sells $1.1M in Shares Under 10b5-1 Plan

Atlassian Director and 10% owner Scott Farquhar sold 7,665 shares of Class A Common Stock for approximately $1.1 million under a pre-arranged 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 November 13, 2025.
• The sales were executed at weighted-average prices ranging from $152.2039 to $156.89 per share.
• The total value of the shares sold is approximately $1,186,000.
• These transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.
• Following these transactions, Farquhar indirectly beneficially owns 245,280 shares of Class A Common Stock through Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While it's an insider sale, it was conducted under a pre-arranged 10b5-1 plan, which typically mitigates negative market perception as it's not a discretionary sale based on new, non-public information.

Negatives

• A significant insider, a Director and 10% owner, sold a substantial number of shares (7,665 shares) for approximately $1.1 million, which could be perceived negatively by some investors, despite being part of a 10b5-1 plan.

Future Outlook

NA

Industry Context

This is a routine insider transaction for a technology company. Such sales are common for executives managing personal finances or diversifying portfolios, especially when conducted under a pre-arranged 10b5-1 plan.

Related Party Transactions

• Shares are indirectly held by Farquhar Investment Partnership No. 2, which is a related entity to the reporting person, Scott Farquhar.

Stakeholder Impact

• Shareholders: May view the sale as a slight negative, though the 10b5-1 plan mitigates concerns. It represents a reduction in direct insider ownership.

Key Dates

Recommendation

The insider sale by Director Scott Farquhar, while significant in value, was conducted under a pre-arranged 10b5-1 trading plan. This suggests the sale is for personal financial planning rather than a reflection of a change in the company's fundamentals or outlook. Therefore, this specific filing does not provide a strong signal for a 'buy' or 'sell' recommendation, and a 'hold' stance is appropriate based solely on this information.

Keywords

Atlassian, TEAM, Scott Farquhar, Insider Sale, Form 4, 10b5-1 Plan, Director, 10% Owner, Equity Transaction