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

Atlassian Director and 10% owner Scott Farquhar sold 7,665 Class A Common Stock shares on November 6, 2025, as part of 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 on November 6, 2025.
• The sales were executed at weighted-average prices ranging from $153.8017 to $159.55 per share.
• These transactions were conducted under a Rule 10b5-1 trading plan, which was adopted on February 12, 2025.
• Following these transactions, Farquhar indirectly beneficially owns 283,605 shares through Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The sale of shares by a director is generally a neutral event when conducted under a pre-arranged 10b5-1 trading plan, as it indicates a planned liquidity event rather than a reaction to new material non-public information.

Negatives

• Insider selling, even when pre-planned, can sometimes be perceived negatively by the market, though the 10b5-1 plan mitigates this impact.

Future Outlook

No specific future outlook or guidance is provided in this insider transaction report.

Industry Context

A routine insider sale under a Rule 10b5-1 plan for a technology company like Atlassian is a common practice for executives to manage personal liquidity and portfolio diversification. These transactions typically do not reflect specific industry trends unless the volume is unusually high or the company is facing particular challenges, neither of which is indicated here.

Related Party Transactions

• The shares are indirectly held by Farquhar Investment Partnership No. 2, an entity related to the reporting person, Scott Farquhar.

Stakeholder Impact

• Shareholders: The sale represents a routine liquidity event for a significant insider and is unlikely to have a material impact on other shareholders, especially given the pre-arranged 10b5-1 plan.

Key Dates

Recommendation

The reported insider sales by Scott Farquhar are part of a pre-established 10b5-1 trading plan, indicating a scheduled liquidity event rather than a discretionary sale based on new information. This type of transaction is generally considered neutral and does not provide a strong signal for a 'buy' or 'sell' recommendation. Investors should continue to 'hold' and evaluate Atlassian based on its fundamental performance, financial reports, and broader market conditions, rather than this routine insider disclosure.

Keywords

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