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

Atlassian Director and 10% owner Scott Farquhar sold a total of 7,665 Class A Common Stock shares on December 31, 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 December 31, 2025, pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.
• A total of 4,930 shares were sold directly at a weighted-average price of $162.8699 per share.
• An additional 2,735 shares were sold indirectly through Farquhar Investment Partnership No. 2 at a weighted-average price of $162.3326 per share.
• The total number of shares sold across both transactions is 7,665.
• The total value of the shares sold is approximately $1,248,109.65.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine insider sale executed under a pre-arranged 10b5-1 trading plan, which is typically for personal liquidity management and not indicative of a change in management's outlook on the company's prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is an insider transaction report, which is a routine disclosure for publicly traded companies. It does not provide information directly related to broader industry trends or competitive landscape, but rather details a specific equity transaction by a key executive.

Related Party Transactions

• 2,735 shares of Class A Common Stock were sold indirectly through Farquhar Investment Partnership No. 2, which is controlled by the reporting person, Scott Farquhar.

Stakeholder Impact

• Shareholders: The sale represents a routine liquidity event for a significant insider and is not typically viewed as a strong signal of future company performance, especially given it was executed under a pre-arranged 10b5-1 plan.

Key Dates

Recommendation

The reported transaction is a pre-scheduled sale by an insider under a Rule 10b5-1 trading plan. Such sales are typically for personal financial planning and do not necessarily reflect a change in the insider's view of the company's future prospects. Therefore, this filing alone does not provide sufficient new information to warrant a change in investment recommendation, suggesting a 'hold' position is appropriate based solely on this disclosure.

Keywords

Atlassian, TEAM, Scott Farquhar, Insider Sale, Form 4, 10b5-1 Plan, Equity Transaction