TEAM director Farquhar disposes 7,665 shares under 10b5-1 plan
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
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 100 | $151.57 | $15K |
| Sale | Class A Common Stock | 1,300 | $148.9408 | $194K |
| Sale | Class A Common Stock | 1,035 | $149.8212 | $155K |
| Sale | Class A Common Stock | 2,800 | $147.7864 | $414K |
| Sale | Class A Common Stock | 2,430 | $146.9108 | $357K |
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 12, 2025. Shares are held by Farquhar Investment Partnership No. 2. 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. 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. 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. 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.
