[Form 4] Atlassian Corp Insider Trading Activity

Rhea-AI Filing Summary

Atlassian insider sales by Farquhar Scott: On 09/16/2025 Scott Farquhar, a director and reported 10% owner, sold a total of 7,665 shares of Class A common stock under a Rule 10b5-1 trading plan adopted February 12, 2025. The sales occurred in multiple trades at weighted-average prices reported between approximately $171.95 and $175.52 across separate executions, with individual weighted-average prices shown as $173.9031, $172.8074, $175.5249, $171.9542 and $174.7386. Following these transactions the Form 4 reports 76,650 Class A shares beneficially owned indirectly through Farquhar Investment Partnership No. 2. The Form 4 was signed by an attorney-in-fact on 09/17/2025.

Positive

• Sales executed under a documented Rule 10b5-1 trading plan, adopted February 12, 2025
• Full disclosure of weighted-average prices and tranche details in the Form 4 and explanatory footnotes
• Shares are held indirectly through Farquhar Investment Partnership No. 2, clarified in the filing

Negative

• Insider dispositions totaling 7,665 Class A shares on 09/16/2025, reducing reported beneficial ownership
• Post-transaction beneficial ownership reported as 76,650 Class A shares, down from higher levels shown earlier in the filing

Insights

Corporate Governance Expert

TL;DR: Routine, pre-planned insider sales under a 10b5-1 plan, properly disclosed; decreases beneficial holdings but follows an established trading program.

The Form 4 shows multiple dispositions by a major shareholder and director executed under a Rule 10b5-1 plan adopted on February 12, 2025. The disclosure lists specific weighted-average prices for each tranche and notes shares are held indirectly via Farquhar Investment Partnership No. 2. From a governance perspective, use of a documented 10b5-1 plan removes questions about opportunistic trading around material nonpublic information, assuming the plan was adopted in good faith and pursuant to company policies. The filing is complete with explanatory footnotes and an attorney-in-fact signature.

Securities Analyst

TL;DR: Insider sold 7,665 Class A shares at mid-$170s; ownership decreased to 76,650 shares—transaction appears routine and disclosed.

The reported sales totaled 7,665 shares executed across five reported tranches on 09/16/2025 with weighted-average prices ranging roughly from $171.95 to $175.52 as detailed in the footnotes. Post-transaction beneficial ownership is reported as 76,650 Class A shares held indirectly. For investors, these are factual disclosures of insider liquidity under a pre-existing plan; the filing does not state reasons beyond the 10b5-1 plan or indicate other material events.

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 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)
09/16/2025

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	09/16/2025		S(1)		2,165	D	$173.9031(2)	82,150	I	See Footnote(3)
Class A Common Stock	09/16/2025		S(1)		1,265	D	$172.8074(4)	80,885	I	See Footnote(3)
Class A Common Stock	09/16/2025		S(1)		582	D	$175.5249(5)	80,303	I	See Footnote(3)
Class A Common Stock	09/16/2025		S(1)		1,976	D	$171.9542(6)	78,327	I	See Footnote(3)
Class A Common Stock	09/16/2025		S(1)		1,677	D	$174.7386(7)	76,650	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 $173.34 to $174.33. 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 $172.30 to $173.26. 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 $175.34 to $175.92. 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 $171.30 to $172.29. 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 $174.34 to $175.33. 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	09/17/2025
	** 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 Form 4 for TEAM?

The Form 4 reports that Farquhar Scott sold a total of 7,665 Class A shares on 09/16/2025 under a Rule 10b5-1 plan.

Were the trades executed under a 10b5-1 plan?

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

What prices were the shares sold at?

Footnotes report weighted-average prices for the tranches as $173.9031, $172.8074, $175.5249, $171.9542, and $174.7386.

How many shares does Farquhar beneficially own after these sales?

The Form 4 reports 76,650 Class A shares beneficially owned following the reported transactions.

Are the shares held directly or indirectly?

The filing indicates the shares are held indirectly through Farquhar Investment Partnership No. 2.