[Form 4] Atlassian Corp Insider Trading Activity

Rhea-AI Filing Summary

Atlassian Corp (TEAM) director and 10% owner Scott Farquhar executed a prearranged sale under a Rule 10b5-1 plan on 10/07/2025. The filing reports five block sales totaling 7,665 shares of Class A common stock at weighted prices ranging from $146.91 to $151.57 per share. After these dispositions, the reporting person (through Farquhar Investment Partnership No. 2) beneficially owns 452,235 shares indirectly. The Form 4 was signed by an attorney-in-fact and notes the transactions were executed pursuant to a plan adopted on 02/12/2025, which provides an affirmative defense under Rule 10b5-1.

Positive

• Sales executed under a Rule 10b5-1 plan, indicating prearranged dispositions adopted on 02/12/2025
• Significant retained indirect ownership of 452,235 shares after the transactions

Negative

• 7,665 shares sold on 10/07/2025, which may be viewed unfavorably by some investors
• Several transactions executed at prices as low as $146.30, indicating some sales occurred below earlier weighted prices

Insights

Corporate Insider Transactions Analyst

Insider sold 7,665 TEAM shares under a 10b5-1 plan on 10/07/2025.

The sales were executed in multiple trades across five reported blocks at prices between $146.30 and $151.57, totaling 7,665 shares disposed. Because the trades were made under a Rule 10b5-1 plan adopted on 02/12/2025, they reflect prearranged dispositions rather than opportunistic, same-day insider sales.

The primary dependencies are the terms of the 10b5-1 plan and any blackout periods; investors can request trade-level details from the SEC staff if needed. Near term, watch for additional Form 4s if the plan continues to execute or if ownership crosses reporting thresholds.

Equity Ownership Specialist

Post-transaction indirect holdings remain material at 452,235 shares.

Farquhar retains indirect ownership through Farquhar Investment Partnership No. 2, holding 452,235 Class A shares after the reported sales. That level of holdings implies continued significant alignment with shareholder outcomes despite the disposals.

Key things to monitor are changes in indirect ownership on subsequent filings and any amendments disclosing more granular trade prices; such filings would clarify the pace at which the 10b5-1 plan reduces holdings.

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).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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)
10/07/2025

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	10/07/2025		S(1)		100	D	$151.57	459,800	I	See Footnote(2)
Class A Common Stock	10/07/2025		S(1)		1,300	D	$148.9408(3)	458,500	I	See Footnote(2)
Class A Common Stock	10/07/2025		S(1)		1,035	D	$149.8212(4)	457,465	I	See Footnote(2)
Class A Common Stock	10/07/2025		S(1)		2,800	D	$147.7864(5)	454,665	I	See Footnote(2)
Class A Common Stock	10/07/2025		S(1)		2,430	D	$146.9108(6)	452,235	I	See Footnote(2)

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

3. This transaction was executed in multiple trades during the day at prices ranging from $148.46 to $149.44. 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.

4. This transaction was executed in multiple trades during the day at prices ranging from $149.46 to $150.11. 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 $147.35 to $148.24. 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 $146.30 to $147.29. 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.

Remarks:

	/s/ Veena Bhatia, Attorney-in-Fact for Farquhar Scott	10/08/2025
	** 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 Form 4 reports that Scott Farquhar sold 7,665 Class A shares on 10/07/2025 under a Rule 10b5-1 plan and now indirectly owns 452,235 shares.

Were the TEAM sales part of a prearranged trading plan?

Yes. The filing states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on 02/12/2025.

What price range were the TEAM shares sold at?

Reported weighted-average prices per block range from $146.91 to $151.57, with execution price ranges within trades from $146.30 to $151.57.

How is the remaining TEAM ownership held?

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

Can I obtain trade-level details for these TEAM transactions?

Yes. The reporting person has stated they will provide, upon request, full information regarding the number of shares and prices at which the transactions were effected to the SEC staff, the issuer, or a security holder.