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 August 29, 2025, under a pre-arranged 10b5-1 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 August 29, 2025, through four separate sales.
• The shares were sold at weighted-average prices ranging from $177.0308 to $179.8333 per share.
• These sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Farquhar on February 12, 2025.
• Following these transactions, Mr. Farquhar beneficially owns 160,965 shares indirectly through Farquhar Investment Partnership No. 2.

Sentiment

Score: 5

Explanation: The sale of shares by a director is a routine transaction under a pre-arranged 10b5-1 plan, which typically does not carry a strong positive or negative signal for the company's fundamentals.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and systematic approach to share disposition rather than a reaction to new, adverse information.

Negatives

• Insider selling, even when pre-planned, can sometimes be perceived by the market as a lack of confidence, although the 10b5-1 plan mitigates this signal.

Future Outlook

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

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity and does not provide information relevant to broader industry trends or competitive landscape.

Related Party Transactions

• The shares beneficially owned by Scott Farquhar are held indirectly by Farquhar Investment Partnership No. 2, indicating a related party holding structure.

Stakeholder Impact

• Shareholders: The pre-planned nature of the sales under a 10b5-1 plan suggests these are for personal financial management (e.g., diversification, liquidity) rather than a signal of declining company prospects, thus minimizing potential negative impact on shareholder sentiment.

Key Dates

Recommendation

The reported transactions are routine sales executed under a pre-arranged 10b5-1 trading plan, which is a common practice for insiders for diversification and liquidity. This filing does not provide new fundamental information to alter an investment thesis for Atlassian Corp.

Keywords

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