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

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

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), reported multiple sales of Class A Common Stock.
• A total of 7,665 shares were disposed of on October 7, 2025.
• The transactions were executed at weighted-average prices ranging from $146.9108 to $151.57 per share.
• These sales were conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Farquhar on February 12, 2025.
• Following these transactions, Mr. Farquhar beneficially owns 452,235 shares of Class A Common Stock, 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 a routine event for diversification or liquidity and does not inherently signal positive or negative company performance.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may observe the reduction in insider ownership, though the pre-arranged nature of the sale under a 10b5-1 plan typically mitigates concerns about management's confidence in the company's future.

Key Dates

Recommendation

The sale of shares by a director and 10% owner, Scott Farquhar, was conducted under a pre-arranged Rule 10b5-1 trading plan. Such plans are typically established for personal financial management, diversification, or liquidity purposes and do not inherently indicate a change in the company's fundamental outlook or performance. Therefore, this transaction alone does not warrant a change in investment thesis, suggesting a 'hold' recommendation.

Keywords

Atlassian, TEAM, Scott Farquhar, Insider Sale, Form 4, 10b5-1, Director Transaction, Equity Sale