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

Atlassian Director and 10% owner Scott Farquhar sold Class A Common Stock on November 3, 2025, pursuant to a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% owner of Atlassian Corp (TEAM), reported multiple sales of Class A Common Stock.
• All transactions occurred on November 3, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 12, 2025.
• A total of 7,665 shares were sold across nine separate transactions.
• The weighted-average sale prices ranged from $167.8519 to $176.3906 per share.
• Following these transactions, Scott Farquhar indirectly beneficially owns 306,600 shares of Class A Common Stock through Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The filing reports routine insider selling under a pre-arranged 10b5-1 plan, which is a common practice for executives for diversification or liquidity purposes and does not inherently signal a change in company outlook or a negative view on future performance.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned transaction rather than a reaction to recent events.

Negatives

• Insider selling, even when pre-planned, reduces the insider's direct stake in the company.

Future Outlook

No forward-looking statements or guidance are provided in this insider transaction report.

Management Comments

• The Reporting Person undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

Industry Context

This Form 4 filing details an individual insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• Shares beneficially owned by Scott Farquhar are held indirectly by Farquhar Investment Partnership No. 2.

Stakeholder Impact

• Shareholders may interpret the insider selling differently; some might view it as a routine personal financial management activity, while others might perceive it as a slight negative signal, despite being pre-planned.

Key Dates

Recommendation

The reported transactions are routine sales of Class A Common Stock by a director and 10% owner, Scott Farquhar, executed under a pre-arranged Rule 10b5-1 trading plan. Such sales are common for personal financial management and diversification and do not typically indicate a change in the company's fundamental prospects or warrant an immediate change in investment recommendation. Investors should consider broader company performance and market conditions rather than solely relying on this insider transaction.

Keywords

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