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

Atlassian Director and 10% Owner Scott Farquhar sold a total of 7,665 shares of Class A Common Stock on December 9, 2025, through a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), reported the sale of Class A Common Stock.
• The transactions occurred on December 9, 2025.
• A total of 7,665 shares of Class A Common Stock were disposed of across four separate transactions.
• The sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Farquhar on February 12, 2025.
• The shares are held indirectly by Farquhar Investment Partnership No. 2.
• Following these transactions, Mr. Farquhar's indirect beneficial ownership stands at 114,975 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The filing reports a pre-scheduled insider stock sale under a Rule 10b5-1 plan, which is a routine event and does not inherently signal a change in company outlook or performance. It is a neutral report of a planned transaction.

Negatives

• Director and 10% owner Scott Farquhar sold 7,665 shares of Atlassian Class A Common Stock.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may interpret insider selling negatively, although the execution under a Rule 10b5-1 plan suggests a pre-planned, non-discretionary sale, which typically mitigates concerns about management's immediate view of the company's prospects.

Key Dates

Recommendation

The reported insider sale by Scott Farquhar was executed under a pre-arranged Rule 10b5-1 trading plan, indicating it was scheduled in advance and not necessarily a reaction to new information. While insider sales can sometimes be viewed negatively, this specific transaction is routine and does not provide sufficient new information to alter a fundamental investment thesis for Atlassian. Investors should monitor future filings and company performance for more substantive signals.

Keywords

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