[Form 4] Atlassian Corp Insider Trading Activity

Rhea-AI Filing Summary

Insider Form 4 — Atlassian (TEAM) On 09/12/2025 director and >10% owner Scott Farquhar reported sales of Class A common stock under a pre-established Rule 10b5-1 trading plan adopted February 12, 2025. The filing shows three blocks sold that day totaling 7,665 shares at weighted-average prices of $176.499, $174.6062, and $175.4916. Shares are held indirectly through Farquhar Investment Partnership No. 2. Following the reported transactions, beneficial ownership totals reported after each sale were 98,909, 95,290, and 91,980 shares respectively. The form is signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Transactions executed under a Rule 10b5-1 trading plan, which supports compliance and reduces appearance of opportunistic insider trading
• Full weighted-average prices disclosed and willingness to provide trade-level details upon request enhances transparency
• Beneficial ownership remains substantial (reported holdings remain >90,000 shares after sales)

Negative

• Insider disposed of 7,665 shares on 09/12/2025, reducing indirect holdings reported
• Form indicates multiple intraday trades aggregated into reported blocks which may prompt investor questions about timing or size
• Sales by a director and >10% owner can be perceived negatively by some market participants despite 10b5-1 plan use

Insights

Corporate Governance Expert

TL;DR: Sales were executed under an established 10b5-1 plan, indicating pre-scheduled disposition rather than ad-hoc trading.

The transactions were effected pursuant to a Rule 10b5-1 plan adopted February 12, 2025, which provides an affirmative defense against insider trading claims when properly implemented. Reporting indicates multiple intraday trades aggregated into three reported blocks with weighted-average prices disclosed. Holdings are indirect via a partnership vehicle, a common ownership structure for founders. From a governance perspective, documented use of a trading plan and clear disclosure reduce regulatory and disclosure risk, though repeated or large volume sales by insiders can still prompt investor questions about sentiment.

Securities Analyst

TL;DR: Insider sold 7,665 TEAM shares at mid-$170s under a Rule 10b5-1 plan; impact appears routine given available detail.

The filing reports three dispositions on a single date with weighted-average prices between approximately $174.6 and $176.5. The reporting person remains a substantial holder with >90,000 shares after these trades. Without additional context on outstanding share count or other insider activity, these sales appear transactional rather than a clear signal of company-specific deterioration. Market impact depends on volume relative to daily traded volume and total insider holdings, information not provided in this filing.

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)
09/12/2025

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	09/12/2025		S(1)		736	D	$176.499(2)	98,909	I	See Footnote(3)
Class A Common Stock	09/12/2025		S(1)		3,619	D	$174.6062(4)	95,290	I	See Footnote(3)
Class A Common Stock	09/12/2025		S(1)		3,310	D	$175.4916(5)	91,980	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 $176.12 to $177.05. 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.

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 $174.10 to $175.09. 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 $175.10 to $176.08. 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	09/16/2025
	** 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 Scott Farquhar report on the Form 4 for TEAM?

The filing reports that Scott Farquhar, a director and >10% owner, sold 7,665 shares of Atlassian Class A common stock on 09/12/2025 under a Rule 10b5-1 plan.

Were the sales executed under a trading plan?

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

At what prices were the TEAM shares sold?

The filing discloses weighted-average prices of $176.499, $174.6062, and $175.4916 for the three reported blocks; execution price ranges for each block are also provided in the footnotes.

How are the shares held according to the Form 4?

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

How many shares did the reporting person own after the transactions?

The filing reports beneficial ownership of 98,909, 95,290, and 91,980 shares following each respective reported sale.