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 21, 2025, under a pre-arranged 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 21, 2025.
• The sales were executed at weighted-average prices ranging from $140.662 to $146.3636 per share.
• These transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Farquhar on February 12, 2025.
• Following these transactions, Mr. Farquhar's indirect beneficial ownership through Farquhar Investment Partnership No. 2 stands at 199,290 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sale of shares by a director is typically a neutral event when conducted under a pre-arranged 10b5-1 plan, as it indicates planned liquidity management rather than a change in sentiment about the company's future prospects.

Positives

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

Negatives

• A Director and 10% owner selling shares reduces their direct stake in the company, which can sometimes be perceived as a lack of confidence, though mitigated by the 10b5-1 plan.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

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

Stakeholder Impact

• Shareholders: The sale of shares by a significant insider, even under a 10b5-1 plan, slightly increases the float and could be perceived differently by various investors, though the impact is generally minimal for planned sales.

Next Steps

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

Key Dates

Recommendation

The reported transactions are routine insider sales executed under a pre-arranged 10b5-1 plan. These types of sales are typically for personal financial planning and do not usually signal a change in the company's fundamental outlook or warrant a change in investment recommendation based solely on this filing. Therefore, a "hold" recommendation is appropriate as this filing provides no new information to alter an existing investment thesis.

Keywords

Atlassian, TEAM, Scott Farquhar, insider trading, Form 4, stock sale, 10b5-1 plan, beneficial ownership, director, 10% owner