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 December 18, 2025, through a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), reported multiple sales of Class A Common Stock.
• Transactions occurred on December 18, 2025, under a Rule 10b5-1 trading plan adopted on February 12, 2025.
• A total of 7,665 shares were sold across five separate transactions.
• Weighted-average sale prices ranged from $161.49 to $165.7259 per share.
• Following these transactions, the indirect beneficial ownership by Farquhar Investment Partnership No. 2 was 61,320 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: Insider selling under a pre-arranged 10b5-1 plan is generally considered a neutral event. It indicates a planned liquidity event for the insider rather than a reaction to new, negative information, thus not typically impacting sentiment significantly.

Negatives

• A Director and 10% Owner sold a significant number of shares, which can sometimes be perceived negatively by investors, even if pre-planned.

Future Outlook

NA

Management Comments

• The reported transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 12, 2025.

Industry Context

This filing is a standard insider transaction report and does not provide broader industry context or trends. It reflects a pre-planned liquidity event for a key executive.

Related Party Transactions

• Shares beneficially owned following the reported transactions are held indirectly by Farquhar Investment Partnership No. 2.

Stakeholder Impact

• Shareholders may interpret insider selling differently, but the execution under a Rule 10b5-1 plan typically mitigates concerns about the timing of the sale being based on undisclosed material information.

Key Dates

Recommendation

The sale of shares by a director under a pre-arranged 10b5-1 trading plan is generally considered a neutral event. It indicates a planned liquidity event for the insider rather than a reaction to new material information, thus not warranting a change in investment recommendation based solely on this filing.

Keywords

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