Scott Farquhar disposes 7,665 TEAM shares via 10b5-1 plan
Rhea-AI Filing Summary
Atlassian Corp (TEAM) director and reported 10% owner Scott Farquhar sold a total of 7,665 Class A shares on 10/03/2025 under a pre-existing Rule 10b5-1 trading plan adopted on 02/12/2025. The sales occurred in multiple trades at weighted-average prices near $150–$152, with reported line prices of $151.6366, $150.1569, and $151.0316. Following these dispositions, the reporting person’s beneficial ownership declined from 474,805 shares to 467,565 shares as shown on the Form 4. The filer notes shares are held by Farquhar Investment Partnership No. 2 and that trade details are available upon request.
Positive
- Sales executed under a Rule 10b5-1 plan adopted on 02/12/2025, indicating pre-planned transactions
- Filer offers full trade detail on request, increasing transparency about execution prices and quantities
Negative
- Reporting person disposed of 7,665 Class A shares on 10/03/2025, reducing beneficial ownership to 467,565 shares
- Sales executed at prices around $150–$152, representing realized dispositions from a 10% owner/director position
Insights
Planned insider sales under a 10b5-1 plan, reducing beneficial stake modestly.
The filings show a director and 10% owner executed sales under a pre-established Rule 10b5-1 plan adopted on 02/12/2025, which provides an affirmative defense for trades made according to a set schedule or formula. The total disposed position was 7,665 Class A shares executed on 10/03/2025 across multiple trades at weighted-average prices near $150–$152.
Because the trades were made via a 10b5-1 plan, they are presented as pre-planned rather than opportunistic; however, investors often watch the remaining beneficial ownership—now reported as 467,565 shares—for ongoing alignment with shareholders over the coming months.
Small absolute sale size relative to total holding; pricing information disclosed by weighted averages.
The record breaks the sale into three line items showing weighted-average execution prices: $151.6366, $150.1569, and $151.0316. The filer states each line reflects multiple trades executed intraday and offers to provide full execution details on request.
Key monitorable items include any further Form 4s that change the reported 467,565 share holding and whether additional 10b5-1 plans are disclosed; any material future changes would appear on subsequent filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 425 | $151.6366 | $64K |
| Sale | Class A Common Stock | 1,818 | $150.1569 | $273K |
| Sale | Class A Common Stock | 5,422 | $151.0316 | $819K |
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 $151.50 to $151.80. 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 $149.47 to $150.46. 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 $150.50 to $151.49. 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.
