Form 4: Atlassian Director Sells 7,465 Shares Under 10b5-1 Plan

Atlassian Corp Director and 10% owner Scott Farquhar disposed of 7,465 Class A Common Stock shares on February 4, 2026, through a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% owner of Atlassian Corp (TEAM), sold a total of 7,465 shares of Class A Common Stock on February 4, 2026.
• The sales were executed at weighted-average prices ranging from $99.1375 to $108.2417 per share.
• These transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Farquhar on February 12, 2025.
• Following these transactions, Mr. Farquhar indirectly beneficially owns 291,270 shares of Class A Common Stock through Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. While an insider sale can sometimes be perceived negatively, the execution under a pre-arranged 10b5-1 plan mitigates concerns that it is based on new, adverse information.

Positives

• The transactions were executed under a pre-arranged Rule 10b5-1 trading plan, indicating a scheduled sale rather than a reaction to immediate company news or market conditions.

Negatives

• A significant insider sale of 7,465 shares by a Director and 10% owner could be perceived as a slight negative signal, even if pre-planned.

Future Outlook

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

Industry Context

StockSavvy.ai notes that insider sales, even those conducted under Rule 10b5-1 plans, are routinely monitored by investors for insights into management's perspective on company valuation. In the technology sector, such sales are common for diversification or liquidity purposes, especially for long-tenured executives and founders.

Related Party Transactions

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

Stakeholder Impact

• Shareholders may note the insider sale, but the pre-planned nature of the transaction under a 10b5-1 plan typically reduces concerns about its implications for company performance.

Key Dates

Keywords

Atlassian, TEAM, Scott Farquhar, Insider Sale, Form 4, 10b5-1 Plan, Class A Common Stock, Director Transaction