Form 4: Atlassian Director Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Atlassian Director and 10% Owner Scott Farquhar sold 7,665 shares of Class A Common Stock on September 26, 2025, pursuant to a Rule 10b5-1 trading plan.
Summary
- Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), reported sales of Class A Common Stock.
- The transactions occurred on September 26, 2025.
- A total of 7,665 shares were sold across multiple trades.
- The sales were executed at weighted-average prices ranging from $162.0356 to $167.14 per share.
- These sales were conducted pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.
- Following these transactions, Farquhar indirectly beneficially owns 15,330 shares through Farquhar Investment Partnership No. 2.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reports a pre-scheduled sale of shares under a Rule 10b5-1 trading plan, which is a routine financial management activity and typically does not reflect a change in the insider's view of the company's prospects.
Positives
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a scheduled divestment rather than an immediate reaction to new information.
Negatives
- Insider selling, even if pre-scheduled, reduces the insider's direct equity stake in the company.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This filing details a routine insider transaction for Atlassian Corp, which is common for executives and significant shareholders managing their personal portfolios. It does not provide broader industry trends or competitive insights.
Related Party Transactions
- The shares are indirectly held by Farquhar Investment Partnership No. 2, an entity related to the reporting person.
Stakeholder Impact
- Shareholders: A minor reduction in insider ownership, but generally not significant given the pre-scheduled nature of the sale and the relatively small volume compared to the company's total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/12/2025 | Rule 10b5-1 trading plan adopted by the Reporting Person. |
| 09/26/2025 | Date of reported transactions for Class A Common Stock sales. |
| 09/29/2025 | Date the Form 4 was signed and filed. |
Keywords
Atlassian, TEAM, Scott Farquhar, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan
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