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

Atlassian Corp Director and 10% Owner Scott Farquhar sold 7,665 Class A Common Stock shares on January 22, 2026, through a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), sold a total of 7,665 shares of Class A Common Stock.
• The sales occurred on January 22, 2026.
• These transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.
• The shares were sold at weighted-average prices ranging from $123.5532 to $128.4259 per share.
• Following these transactions, Farquhar's indirect beneficial ownership stands at 360,255 shares, held by Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: Neutral. While insider selling can be seen negatively, the transaction was pre-planned under a Rule 10b5-1 plan, which mitigates concerns about opportunistic timing based on non-public information. It represents a routine liquidity event rather than a signal of management's view on future performance.

Negatives

• Insider selling by a Director and 10% owner, even if pre-planned, can sometimes be perceived negatively by the market, potentially signaling a lack of confidence or a desire for liquidity.

Future Outlook

No forward-looking statements or guidance are provided in this insider transaction report.

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: May observe a slight negative sentiment due to insider selling, though the pre-arranged 10b5-1 plan mitigates concerns about opportunistic timing. The total shares sold represent a small fraction of the company's outstanding shares and the insider's total holdings.

Key Dates

Keywords

Atlassian, TEAM, Scott Farquhar, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Director, 10% Owner