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

Atlassian Corp Director and 10% owner Scott Farquhar sold 7,665 shares of Class A Common Stock on January 16, 2026, through a pre-arranged trading plan.

Summary

• Scott Farquhar, a Director and 10% owner of Atlassian Corp (TEAM), reported the sale of 7,665 shares of Class A Common Stock.
• The transactions occurred on January 16, 2026.
• Sales were executed at weighted-average prices ranging from $118.7736 to $125.45 per share.
• These sales were conducted pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.
• Following these transactions, Scott Farquhar beneficially owns 383,250 shares indirectly through Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The filing reports a routine insider stock sale executed under a pre-arranged 10b5-1 trading plan, which is generally considered a neutral event.

Positives

• The sales were executed under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and transparent approach to insider transactions rather than opportunistic selling.

Negatives

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

Risks

• No specific risks are mentioned. The act of insider selling itself, while routine under a 10b5-1 plan, could be misconstrued by some investors as a negative signal, potentially leading to short-term stock price volatility.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Industry Context

This filing reports a routine insider transaction and does not provide information directly related to broader industry trends or competitors.

Corporate Governance

Related Party Transactions

• The shares beneficially owned following the reported transactions are held indirectly by Farquhar Investment Partnership No. 2, an entity related to Scott Farquhar.

Stakeholder Impact

• Shareholders may observe the insider selling, but the existence of a 10b5-1 plan generally suggests a pre-planned diversification or liquidity event rather than a reaction to new negative information, thus minimizing significant negative impact.

Key Dates

Recommendation

The filing details a pre-scheduled insider sale under a Rule 10b5-1 plan, which is a routine event and does not inherently signal a change in the company's fundamental prospects or warrant an immediate shift in investment strategy based solely on this transaction.

Keywords

Atlassian, TEAM, Scott Farquhar, insider trading, Form 4, stock sale, 10b5-1 plan, beneficial ownership