Form 4: Atlassian Director Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Atlassian Director and 10% Owner Scott Farquhar sold a total of 7,665 shares of Class A Common Stock on December 30, 2025, through a pre-arranged Rule 10b5-1 trading plan.
Summary
- Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), disposed of Class A Common Stock.
- A total of 7,665 shares were sold on December 30, 2025, across three separate transactions.
- The sales were executed at weighted-average prices of $164.4725 (200 shares), $163.8283 (4,188 shares), and $163.0324 (3,277 shares).
- These transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Farquhar on February 12, 2025.
- Following these reported transactions, Mr. Farquhar beneficially owns 7,665 shares indirectly through Farquhar Investment Partnership No. 2.
Sentiment
Score: 5
Explanation: The sentiment is neutral. While it's an insider sale, it was conducted under a pre-arranged 10b5-1 plan, which typically mitigates negative market interpretations compared to unplanned sales. It's a routine transaction for personal financial management.
Positives
- The transactions were executed under a Rule 10b5-1 trading plan, indicating pre-planned sales for diversification or liquidity rather than a reaction to recent company performance.
Negatives
- Insider selling, even under a 10b5-1 plan, can sometimes be perceived negatively by the market as it reduces the insider's direct stake in the company.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends. Insider sales are a routine part of executive compensation and personal financial planning, often managed through 10b5-1 plans to ensure compliance and transparency.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Trading Plan Adoption | The reporting person adopted a Rule 10b5-1 trading plan on February 12, 2025, which governed the reported sales. This plan allows insiders to pre-arrange sales of company stock to avoid accusations of trading on material non-public information. | 02/12/2025 | Enhances transparency and provides an affirmative defense against insider trading allegations for pre-planned transactions. |
Related Party Transactions
- Shares beneficially owned following the transactions are held indirectly by Farquhar Investment Partnership No. 2, which is a related entity to the reporting person, Scott Farquhar.
Stakeholder Impact
- Shareholders may note the reduction in direct ownership by a key insider, although the pre-planned nature of the sale under a 10b5-1 plan suggests it is for personal financial management rather than a reflection of company prospects.
Key Dates
| Date | Description |
|---|---|
| 02/12/2025 | Date Rule 10b5-1 trading plan was adopted by the Reporting Person. |
| 12/30/2025 | Date of the reported transactions (sale of Class A Common Stock). |
| 12/31/2025 | Date the Form 4 was signed by the Attorney-in-Fact. |
Keywords
Atlassian, TEAM, Scott Farquhar, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Director, 10% Owner
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