Form 4: Atlassian Director Sells $1.27M in Stock

Atlassian Director and 10% Owner Scott Farquhar sold 7,665 shares of Class A Common Stock for approximately $1.27 million on October 27, 2025, 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 October 27, 2025, and were executed pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.
• A total of 7,665 shares were disposed of in three separate transactions.
• The first transaction involved 4,008 shares at a weighted-average price of $164.6045, totaling approximately $659,700.16.
• The second transaction involved 650 shares at a weighted-average price of $166.337, totaling approximately $108,119.05.
• The third transaction involved 3,007 shares at a weighted-average price of $165.3175, totaling approximately $497,199.03.
• The total value of shares sold across these transactions is approximately $1,265,018.24.
• Following these transactions, Scott Farquhar beneficially owns 344,925 shares indirectly through Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: Neutral, as the filing reports a routine insider stock sale executed under a pre-arranged 10b5-1 trading plan, which is a common practice for executives and directors for personal financial planning.

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 positioning for Atlassian.

Stakeholder Impact

• Shareholders: The sale is a routine insider transaction under a pre-arranged plan and is unlikely to have a significant direct impact on shareholder sentiment or company operations.

Key Dates

Recommendation

The filing reports a routine insider stock sale executed under a pre-arranged 10b5-1 trading plan. Such transactions are typically for personal financial management and do not inherently signal a change in the company's fundamental prospects or warrant a shift in investment recommendation. Therefore, a 'hold' recommendation is appropriate based solely on this filing.

Keywords

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