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

Atlassian Director and 10% Owner Scott Farquhar sold 7,615 shares of Class A Common Stock on November 12, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), reported the sale of 7,615 shares of Class A Common Stock.
• The transactions occurred on November 12, 2025, and were executed pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.
• The shares were sold in multiple trades at weighted-average prices ranging from $153.78 to $158.5167 per share.
• Following these transactions, Farquhar's indirect beneficial ownership of Class A Common Stock, held by Farquhar Investment Partnership No. 2, decreased to 252,945 shares.

Sentiment

Score: 5

Explanation: The filing reports a routine insider sale under a pre-arranged 10b5-1 trading plan, which is a common practice for diversification and personal financial planning. This type of transaction is generally considered neutral in terms of company-specific sentiment.

Negatives

• Director Scott Farquhar, a 10% owner, sold 7,615 shares of Class A Common Stock, reducing his indirect beneficial ownership.

Future Outlook

NA

Industry Context

This Form 4 filing reports a routine insider transaction and does not provide information related to broader industry trends or competitors.

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: A minor reduction in insider ownership, which is a routine event under a 10b5-1 plan and typically has minimal impact on investor sentiment or share price.

Key Dates

Recommendation

The filing details a routine insider sale by a director and 10% owner under a pre-arranged 10b5-1 trading plan. Such transactions are common for personal financial management and diversification and do not typically signal a change in the company's fundamental prospects or warrant an alteration in investment recommendation.

Keywords

Atlassian, TEAM, Scott Farquhar, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Beneficial Ownership