Form 4: Atlassian Director Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Atlassian Corp Director and 10% owner Scott Farquhar sold 7,665 shares of Class A Common Stock on August 22, 2025, under a pre-arranged 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 August 22, 2025, and were executed pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.
- A total of 7,665 shares of Class A Common Stock were disposed of across seven separate transactions.
- The weighted-average prices for these sales ranged from $164.0806 to $171.429 per share.
- Following these transactions, Scott Farquhar beneficially owns 199,290 shares of Class A Common Stock, held indirectly by Farquhar Investment Partnership No. 2.
Sentiment
Score: 5
Explanation: The sale of shares by a director, while typically viewed with caution, was conducted under a pre-arranged 10b5-1 trading plan, which mitigates immediate negative sentiment. The volume sold is also a small fraction of total beneficial ownership.
Positives
- The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which indicates the transactions were scheduled in advance and not based on immediate, non-public information.
Negatives
- Insider selling, even when pre-planned, can sometimes be interpreted by the market as a signal, though the impact is mitigated by the 10b5-1 plan.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction and does not provide information relevant to broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders may observe the insider selling, but the pre-arranged nature of the 10b5-1 plan suggests it is not a reaction to new, adverse company developments.
Key Dates
| Date | Description |
|---|---|
| 02/12/2025 | Rule 10b5-1 trading plan adopted by the Reporting Person. |
| 08/22/2025 | Date of reported stock transactions. |
| 08/25/2025 | Date the Form 4 was signed. |
Keywords
Atlassian, TEAM, Scott Farquhar, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Director, 10% Owner
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