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

Atlassian Corp Director and 10% owner Scott Farquhar sold 7,665 shares of Class A Common Stock on September 22, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% owner of Atlassian Corp, reported the sale of 7,665 shares of Class A Common Stock.
• The transactions occurred on September 22, 2025, through multiple trades at weighted-average prices ranging from $166.9947 to $171.855 per share.
• These sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Farquhar on February 12, 2025.
• Following these transactions, Mr. Farquhar's indirect beneficial ownership, held by Farquhar Investment Partnership No. 2, stands at 45,990 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sale of shares by a director, while a reduction in insider holdings, was conducted under a pre-arranged Rule 10b5-1 trading plan. Such plans are established in advance and are not typically indicative of new, material non-public information, thus rendering the sentiment neutral.

Negatives

• The sale of 7,665 shares by a Director and 10% owner could be perceived as a slight negative, although mitigated by the pre-arranged 10b5-1 plan.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Shares are indirectly held by Farquhar Investment Partnership No. 2, which is a related entity to the reporting person, Scott Farquhar. The sales reported are from these indirectly held shares.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, but generally considered routine due to the 10b5-1 plan. No significant impact on company strategy or operations.
• Employees, Customers, Suppliers, Creditors: No direct impact from this insider transaction.

Key Dates

Recommendation

The reported transactions are routine sales by a director under a pre-arranged 10b5-1 trading plan. These sales do not reflect a change in the company's fundamental outlook or performance, nor do they signal any immediate concerns. Therefore, the filing alone does not warrant a change in investment recommendation, and a 'hold' stance is appropriate.

Keywords

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