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 24, 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.
• The transactions occurred on October 24, 2025, and were executed pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.
• A total of 7,665 shares of Class A Common Stock were disposed of across six separate transactions.
• The weighted-average sale prices ranged from $162.5041 to $167.5 per share.
• Following these transactions, Scott Farquhar beneficially owns 352,590 shares of Class A Common Stock indirectly through Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The filing reports a pre-scheduled insider stock sale by a director and 10% owner under a Rule 10b5-1 trading plan, which is a common practice for personal financial management and diversification and does not inherently signal a positive or negative outlook on the company's performance.

Negatives

• A director and 10% owner sold a total of 7,665 shares of Class A Common Stock.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Shares are held indirectly by Farquhar Investment Partnership No. 2, indicating a related party in the beneficial ownership structure.

Stakeholder Impact

• Shareholders may perceive the insider sale as a slight negative signal, although the execution under a Rule 10b5-1 plan mitigates concerns as it indicates pre-planned personal financial management rather than a reaction to immediate company performance.

Key Dates

Recommendation

The reported transactions are routine sales by a director and 10% owner under a pre-established Rule 10b5-1 trading plan. Such sales are typically for personal financial planning, diversification, or liquidity and do not necessarily reflect a change in the insider's view of the company's prospects. Without additional information or context, these transactions alone do not provide a strong basis to alter an existing investment thesis, hence a 'hold' recommendation is appropriate.

Keywords

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