Form 4: Atlassian Director Sells $1.25M in Planned Stock Sale
Insider Transaction Report
Atlassian Director and 10% Owner Scott Farquhar sold 7,665 shares of Class A Common Stock for approximately $1.25 million under a pre-arranged 10b5-1 trading plan.
Summary
- Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), reported the sale of Class A Common Stock.
- The transactions occurred on September 25, 2025.
- A total of 7,665 shares were sold across four separate transactions.
- The sales were executed pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.
- The weighted-average prices for the sales ranged from $160.8456 to $163.6883 per share.
- The total value of the shares sold amounted to approximately $1,246,880.90.
- Following these transactions, Farquhar's indirect beneficial ownership, held by Farquhar Investment Partnership No. 2, stands at 22,995 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a pre-arranged, routine insider stock sale executed under a 10b5-1 trading plan, which is typically not indicative of management's current sentiment towards the company's future prospects.
Industry Context
This is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive landscape beyond the company's stock performance at the time of the sale.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan | The reported transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 12, 2025. This plan allows insiders to pre-arrange sales of company stock to avoid accusations of trading on material non-public information. | 02/12/2025 | Demonstrates adherence to regulatory compliance for insider trading, providing transparency and mitigating potential conflicts of interest. |
Stakeholder Impact
- Shareholders: A routine, pre-planned insider sale of this magnitude is unlikely to have a significant direct impact on shareholder sentiment or the company's stock price, as it is not typically interpreted as a signal of negative company performance.
Key Dates
| Date | Description |
|---|---|
| 02/12/2025 | Date Rule 10b5-1 trading plan was adopted by the Reporting Person. |
| 09/25/2025 | Date of the reported stock transactions. |
| 09/26/2025 | Date the Form 4 filing was signed. |
Keywords
Atlassian, TEAM, Scott Farquhar, Insider Trading, Stock Sale, 10b5-1 Plan, Director, 10% Owner
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