TEAM director Farquhar Scott reports 7,665-share sale under 10b5-1 plan

Q: What did Atlassian insider Farquhar Scott report on Form 4 (TEAM)?

Mr. Scott reported four sales on 10/02/2025 totaling 7,665 Class A shares , executed under a Rule 10b5-1 trading plan.

Q: How many shares does Farquhar Scott beneficially own after the reported trades?

The Form 4 shows indirect beneficial ownership of 475,230 shares following the transactions.

Q: Through what vehicle are the shares held?

Shares are held indirectly by Farquhar Investment Partnership No. 2 , according to the Form 4.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Farquhar Scott, a director and 10% owner of Atlassian Corp (TEAM), reported multiple open-market sales of Class A common stock on 10/02/2025. The Form 4 shows four sales totaling 7,665 shares executed in multiple trades at weighted-average prices between $148.368 and $151.291. The filings state the trades were made under a Rule 10b5-1 trading plan adopted on February 12, 2025.

Shares are held indirectly through Farquhar Investment Partnership No. 2. Following the reported transactions, the filing shows beneficial ownership declining to 475,230 shares (indirect). The Form 4 was signed by an attorney-in-fact on behalf of Mr. Scott on 10/03/2025.

Positive

Sales executed under a Rule 10b5-1 plan, indicating preplanned transactions (adopted 02/12/2025)
Full disclosure of weighted-average prices and post-transaction beneficial ownership in the Form 4

Negative

Insider decreased indirect holdings by 7,665 shares, to 475,230 shares
Multiple same-day sales reported, which reduce ownership of a director and 10% owner

Insights

Insider sold 7,665 shares under a pre-established 10b5-1 plan; indirect holdings now 475,230.

These sales were executed pursuant to a Rule 10b5-1 plan adopted on February 12, 2025, which indicates the transactions were preplanned rather than opportunistic trades tied to specific, contemporaneous events.

The Form 4 lists the shares as held indirectly through Farquhar Investment Partnership No. 2, and shows incremental weighted-average sale prices ranging from $148.368 to $151.291. The decline to 475,230 shares is a factual change in reported beneficial ownership only.

Insider Trade Summary

Net Seller: 7,665 shares ($1,154,408)

Net Sell 4 txns

Insider Farquhar Scott

Role Director, 10% Owner

Sold 7,665 shs ($1.15M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	1,134	$151.291	$172K
Sale	Class A Common Stock	783	$149.7173	$117K
Sale	Class A Common Stock	250	$148.368	$37K
Sale	Class A Common Stock	5,498	$150.6955	$829K

Holdings After Transaction: Class A Common Stock — 481,761 shares (Indirect, See Footnote)

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 $151.06 to $151.66. 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 $149.04 to $149.97. 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 $148.02 to $148.99. 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 $150.06 to $151.05. 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.

Form 4 Insider Transactions: What Each Field Means →

10/03/2025 - 04:23 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

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)
10/02/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	10/02/2025		S⁽¹⁾		1,134	D	$151.291⁽²⁾	481,761	I	See Footnote⁽³⁾
Class A Common Stock	10/02/2025		S⁽¹⁾		783	D	$149.7173⁽⁴⁾	480,978	I	See Footnote⁽³⁾
Class A Common Stock	10/02/2025		S⁽¹⁾		250	D	$148.368⁽⁵⁾	480,728	I	See Footnote⁽³⁾
Class A Common Stock	10/02/2025		S⁽¹⁾		5,498	D	$150.6955⁽⁶⁾	475,230	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 $151.06 to $151.66. 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 $149.04 to $149.97. 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 $148.02 to $148.99. 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 $150.06 to $151.05. 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.

Remarks:

	/s /Drew Parkes, Attorney-in-Fact for Farquhar Scott	10/03/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Atlassian insider Farquhar Scott report on Form 4 (TEAM)?

Mr. Scott reported four sales on 10/02/2025 totaling 7,665 Class A shares, executed under a Rule 10b5-1 trading plan.

How many shares does Farquhar Scott beneficially own after the reported trades?

The Form 4 shows indirect beneficial ownership of 475,230 shares following the transactions.

Were the trades part of a pre-established plan?

Yes. The filing states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.

At what prices were the shares sold?

The sales were executed in multiple trades with weighted-average prices reported between $148.368 and $151.291.

Through what vehicle are the shares held?

Shares are held indirectly by Farquhar Investment Partnership No. 2, according to the Form 4.