TEAM insider disposes 7,665 Class A shares via 10b5-1 plan on 10/09/2025
Rhea-AI Filing Summary
On 10/09/2025 a Form 4 shows that Scott Farquhar, a director and listed 10% owner of Atlassian Corporation (ticker TEAM), sold a total of 7,665 shares of Class A common stock under a pre-existing Rule 10b5-1 trading plan. The sales executed in multiple trades at weighted-average prices near the reported figures: $149.16, $148.1166, and $150.0661.
Following those disposals, the filings report indirect beneficial ownership of 436,905 Class A shares held through Farquhar Investment Partnership No. 2. The Form 4 is signed by an attorney-in-fact and discloses the 10b5-1 plan adoption date of 02/12/2025, indicating the transactions were executed pursuant to that plan and properly reported.
Positive
- Transactions executed under a Rule 10b5-1 plan, adopted on 02/12/2025, indicating procedural safeguards
- Form 4 filed and signed (attorney-in-fact signature), showing timely disclosure of insider activity
Negative
- Insider sold 7,665 Class A shares on 10/09/2025, which may signal personal liquidity needs
- Indirect beneficial ownership decreased to 436,905 shares held by Farquhar Investment Partnership No. 2
Insights
Insider sales followed an established 10b5-1 plan, showing procedural compliance.
The reporting person is both a director and a 10% owner, and the Form 4 discloses that the trades on 10/09/2025 were executed under a Rule 10b5-1 plan adopted on 02/12/2025. That structure typically provides an affirmative defense to insider trading claims when plans are properly adopted and followed.
Key dependencies include the plan's stated parameters and timing; investors may note the plan adoption date and that the filer committed to provide detailed trade-level pricing on request. For near-term monitoring, check any additional Form 4/A amendments or related disclosures in the next 7–30 days.
Small-volume insider disposals executed across multiple trades at ~$149.
The total sold equals 7,665 Class A shares executed in multiple transactions with reported weighted-average prices of $149.16, $148.1166, and $150.0661. The sales reduced indirect holdings to 436,905 shares held by the named investment partnership.
These sales are modest relative to typical institutional blocks but are material as insider activity; watch for further Form 4 filings or plan-specified selling windows over the next 30–90 days to gauge ongoing insider liquidity.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,450 | $149.16 | $216K |
| Sale | Class A Common Stock | 5,315 | $148.1166 | $787K |
| Sale | Class A Common Stock | 900 | $150.0661 | $135K |
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 12, 2025. This transaction was executed in multiple trades during the day at prices ranging from $148.65 to $149.56. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected. Shares are held by Farquhar Investment Partnership No. 2. This transaction was executed in multiple trades during the day at prices ranging from $147.65 to $148.62. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected. This transaction was executed in multiple trades during the day at prices ranging from $149.65 to $150.58. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
