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 January 12, 2026, through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), reported multiple sales of Class A Common Stock.
• The transactions occurred on January 12, 2026.
• A total of 7,665 shares were sold across five separate transactions.
• The sales were executed at weighted-average prices ranging from $144.3944 to $148.3399 per share.
• These transactions were conducted under a Rule 10b5-1 trading plan adopted on February 12, 2025.
• Following these transactions, Scott Farquhar beneficially owns 413,910 shares indirectly through Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the insider sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which is a common practice for executives to manage personal finances and diversify holdings without implying a lack of confidence in the company's future.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned divestment rather than a reaction to immediate market conditions.

Negatives

• Insider selling, even if pre-planned, can sometimes be perceived by the market as a lack of confidence, though this is mitigated by the 10b5-1 plan.

Future Outlook

Not applicable. This filing reports past transactions and does not contain forward-looking statements or guidance.

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide information relevant to broader industry trends or competitor analysis.

Related Party Transactions

• The remaining beneficially owned shares are held indirectly by Farquhar Investment Partnership No. 2, which is a related entity to the reporting person, Scott Farquhar.

Stakeholder Impact

• The impact on stakeholders is minimal as these are pre-scheduled insider sales under a 10b5-1 plan, which are generally anticipated and do not typically signal a change in company fundamentals or strategy.

Key Dates

Recommendation

The insider sales by Scott Farquhar, a Director and 10% Owner, were executed under a pre-arranged Rule 10b5-1 trading plan. Such plans are established in advance to allow insiders to sell shares without concerns about insider trading allegations, and they typically do not reflect a change in the insider's view of the company's prospects. Therefore, this event is generally considered neutral for the stock's valuation and does not warrant a change from a "hold" recommendation based solely on this filing.

Keywords

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