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 November 5, 2025, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), sold a total of 7,665 shares of Class A Common Stock.
• The sales occurred on November 5, 2025, at weighted-average prices ranging from $160.4765 to $168.3 per share.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on February 12, 2025.
• Following these transactions, Farquhar indirectly beneficially owns 291,270 shares of Class A Common Stock through Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: Neutral. While an insider sale, it was conducted under a pre-arranged 10b5-1 plan, which mitigates the negative signal typically associated with insider selling. It's a routine liquidity event.

Negatives

• Director Scott Farquhar sold 7,665 shares of Class A Common Stock, which could be perceived as a lack of confidence, although the sale was pre-planned.

Future Outlook

N/A

Industry Context

N/A

Related Party Transactions

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

Stakeholder Impact

• Minimal impact on shareholders as this is a pre-scheduled insider sale for liquidity purposes, not indicative of a change in company fundamentals or outlook.

Key Dates

Recommendation

The reported transactions are routine insider sales executed under a pre-arranged Rule 10b5-1 trading plan. Such sales are typically for personal liquidity or diversification and do not usually signal a change in the company's fundamental prospects or management's confidence. Therefore, the filing itself does not warrant a change in investment recommendation.

Keywords

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