[Form 4] Atlassian Corp Insider Trading Activity

Rhea-AI Filing Summary

Farquhar Scott, a director and reported 10% owner of Atlassian Corp (TEAM), sold Class A common stock on 09/17/2025 under a Rule 10b5-1 trading plan adopted Feb 12, 2025. The Form 4 reports six sale transactions totaling 7,665 shares at weighted-average prices ranging by tranche from about $172.12 to $176.72. After the reported sales, beneficial ownership held indirectly by Farquhar Investment Partnership No. 2 declined to 68,985 shares. The filing was signed by an attorney-in-fact on 09/18/2025 and includes standard explanations that multiple trades comprised each reported tranche.

Positive

• Transactions executed under a Rule 10b5-1 plan, indicating preplanned trading rather than opportunistic insider activity
• Full disclosure of weighted-average prices and trade ranges for each tranche, improving transparency

Negative

• Significant insider selling by a director and 10% owner totaling 7,665 shares, reducing indirect holdings to 68,985 shares

Insights

Securities Analyst

TL;DR: Insider sales of 7,665 TEAM shares were executed under a pre-established 10b5-1 plan, reducing indirect holdings to 68,985 shares.

The report documents routine, preplanned dispositions rather than opportunistic block trades. The use of a 10b5-1 plan indicates the transactions were governed by an executed trading program (adopted Feb 12, 2025), which typically reduces concerns about trading on material nonpublic information. The filing breaks the activity into six tranches with weighted-average prices disclosed per tranche, providing transparency on execution prices.

Corporate Governance Expert

TL;DR: A director and 10% owner reported modest scheduled sales; disclosure follows Section 16 procedures and clarifies indirect ownership.

The Form 4 clearly identifies the reporting person as both a director and a 10% owner and specifies that shares are held indirectly through Farquhar Investment Partnership No. 2. The filing includes signed authorization and explanatory footnotes for price ranges and aggregated trades, reflecting compliance with Form 4 disclosure norms. No derivative transactions or other compensatory awards are reported.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Farquhar Scott

(Last) (First) (Middle)

C/O ATLASSIAN CORPORATION

350 BUSH STREET, FLOOR 13

(Street)

SAN FRANCISCO CA 94104

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Atlassian Corp [ TEAM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/17/2025		S(1)		3,737	D	$173.8876(2)	72,913	I	See Footnote(3)
Class A Common Stock	09/17/2025		S(1)		50	D	$176.72	72,863	I	See Footnote(3)
Class A Common Stock	09/17/2025		S(1)		1,400	D	$172.9027(4)	71,463	I	See Footnote(3)
Class A Common Stock	09/17/2025		S(1)		200	D	$175.7451(5)	71,263	I	See Footnote(3)
Class A Common Stock	09/17/2025		S(1)		950	D	$174.6516(6)	70,313	I	See Footnote(3)
Class A Common Stock	09/17/2025		S(1)		1,328	D	$172.1201(7)	68,985	I	See Footnote(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 12, 2025.

2. This transaction was executed in multiple trades during the day at prices ranging from $173.42 to $174.41. 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.

3. Shares are held by Farquhar Investment Partnership No. 2.

4. This transaction was executed in multiple trades during the day at prices ranging from $172.40 to $173.39. 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.

5. This transaction was executed in multiple trades during the day at prices ranging from $175.47 to $176.21. 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.

6. This transaction was executed in multiple trades during the day at prices ranging from $174.42 to $175.05. 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.

7. This transaction was executed in multiple trades during the day at prices ranging from $171.39 to $172.35. 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.

Remarks:

	/s /Drew Parkes, Attorney-in-Fact for Farquhar Scott	09/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Farquhar Scott report on the Form 4 for TEAM?

The Form 4 reports six sales on 09/17/2025 totaling 7,665 Class A shares executed under a Rule 10b5-1 plan.

When was the 10b5-1 trading plan adopted?

The Form 4 states the Rule 10b5-1 trading plan was adopted on February 12, 2025.

What was Farquhar Scott's beneficial ownership after the trades?

After the reported transactions, indirect beneficial ownership held by Farquhar Investment Partnership No. 2 was 68,985 shares.

At what prices were the TEAM shares sold?

The filing discloses weighted-average prices by tranche ranging approximately from $172.12 to $176.72 with specific ranges noted per tranche.

Are the sold shares held directly or indirectly?

Shares are held indirectly through Farquhar Investment Partnership No. 2, as stated in the Form 4.