Form 4: Atlassian Director Sells $1.27M in Pre-Planned Stock Sale

Atlassian Director and 10% owner Scott Farquhar sold 7,665 shares of Class A Common Stock for approximately $1.27 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.
• A total of 7,665 shares were sold on September 29, 2025, across four separate transactions.
• The sales were executed at weighted-average prices ranging from $165.4606 to $168.2587 per share.
• The total proceeds from these sales amounted to approximately $1,274,980.00.
• These transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Farquhar on February 12, 2025.
• Following these direct sales, Mr. Farquhar's beneficial ownership stands at 7,665 shares, held indirectly by Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The filing reports a pre-scheduled insider sale under a Rule 10b5-1 plan, which is typically for personal financial planning and not necessarily indicative of management's sentiment regarding the company's future performance. Therefore, it is considered neutral.

Negatives

• Director Scott Farquhar sold a significant number of shares, which could be perceived as a reduction in his direct stake in the company, although it was a pre-planned transaction.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing reports an individual insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• Shares beneficially owned following the transactions are held indirectly by Farquhar Investment Partnership No. 2.

Stakeholder Impact

• Shareholders may note a director's reduction in direct holdings, though the pre-arranged 10b5-1 plan mitigates concerns about immediate sentiment.

Key Dates

Recommendation

The filing details a pre-scheduled insider stock sale by a director under a Rule 10b5-1 plan. Such transactions are typically for personal financial management, such as diversification or liquidity, and do not inherently signal a change in the company's fundamental outlook or warrant a change in investment recommendation based solely on this report.

Keywords

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