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

Atlassian Director and 10% owner Scott Farquhar reported sales of Class A Common Stock totaling 7,665 shares on December 17, 2025, executed under a Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), reported the sale of 7,665 shares of Class A Common Stock.
• The transactions occurred on December 17, 2025, at weighted-average prices ranging from $161.8652 to $165.3641 per share.
• These sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Farquhar on February 12, 2025.
• Following these transactions, the indirect beneficial ownership of Class A Common Stock by Farquhar Investment Partnership No. 2 decreased to 68,985 shares.

Sentiment

Score: 5

Explanation: The filing reports a pre-scheduled insider stock sale under a Rule 10b5-1 plan, which is a routine disclosure and does not inherently indicate a positive or negative outlook for the company.

Negatives

• Director and 10% owner Scott Farquhar sold a total of 7,665 shares of Class A Common Stock. While executed under a 10b5-1 plan, insider selling can sometimes be viewed with caution by investors.

Future Outlook

N/A

Industry Context

N/A

Related Party Transactions

• The reported shares are held indirectly by Farquhar Investment Partnership No. 2, indicating a transaction involving an entity related to the reporting person.

Stakeholder Impact

• Shareholders may observe the insider selling activity, though the execution under a pre-arranged 10b5-1 plan typically mitigates concerns compared to unscheduled sales.

Key Dates

Keywords

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