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

Atlassian Director and 10% owner Scott Farquhar sold 7,665 shares of Class A Common Stock on December 10, 2025, through a pre-arranged Rule 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 December 10, 2025, at weighted-average prices ranging from $160.9062 to $163.6576 per share.
• These transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.
• Following these transactions, Farquhar's indirect beneficial ownership, held by Farquhar Investment Partnership No. 2, stands at 107,310 shares.

Sentiment

Score: 5

Explanation: Neutral. While insider selling can sometimes be viewed negatively, these sales were conducted under a pre-arranged 10b5-1 plan, which mitigates concerns about opportunistic selling based on new information. It's a routine diversification or liquidity event for a significant shareholder.

Negatives

• A director and 10% owner selling shares could be perceived negatively by some investors, potentially signaling a lack of confidence or a desire to diversify holdings, despite being pre-planned.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Shares are held by Farquhar Investment Partnership No. 2, an entity related to the reporting person, Scott Farquhar.

Stakeholder Impact

• Shareholders: May interpret the sale as a signal, though the 10b5-1 plan suggests it's not based on new negative information. The overall impact on the company's operations or strategy is negligible.

Key Dates

Recommendation

The insider sales by Scott Farquhar were conducted under a pre-arranged Rule 10b5-1 trading plan, which typically indicates a planned diversification or liquidity event rather than a reaction to new material information. Given the routine nature of these transactions and the relatively small percentage of total shares sold compared to the company's market capitalization and Farquhar's remaining holdings, this filing alone does not warrant a change in investment thesis. Investors should continue to hold based on the company's fundamentals and broader market conditions.

Keywords

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