[Form 4] Atlassian Corp Insider Trading Activity

Rhea-AI Filing Summary

Farquhar Scott, identified as a Director and 10% owner of Atlassian Corporation (TEAM), reported multiple open-market sales of Class A common stock on 09/26/2025 executed under a Rule 10b5-1 trading plan adopted February 12, 2025. The filing lists six separate disposals totaling 7,665 shares sold at weighted-average prices per lot ranging from about $162.04 to $166.58. The Form 4 shows Farquhar holds shares indirectly through Farquhar Investment Partnership No. 2, with 15,330 shares beneficially owned following the reported transactions. The Form 4 was signed by an attorney-in-fact, Drew Parkes, on 09/29/2025.

Insights

Financial Analyst

TL;DR: Insider sales of 7,665 TEAM shares under a 10b5-1 plan are routine and clarify liquidity actions by a major holder.

The reported disposals on 09/26/2025 total 7,665 Class A shares executed at varying weighted-average prices by lot, consistent with an established Rule 10b5-1 plan. Because the shares are held indirectly via Farquhar Investment Partnership No. 2 and the filing lists remaining beneficial ownership of 15,330 shares, this disclosure offers transparency on insider liquidity but does not provide operating or financial performance signals. The transactions span prices roughly between $162 and $167, indicating execution across intraday price variation.

Corporate Governance Expert

TL;DR: Use of a pre-established 10b5-1 plan and timely Form 4 filing reflect governance compliance by a significant insider.

The filing documents that the sales were effected pursuant to a Rule 10b5-1 plan adopted February 12, 2025, which typically limits claims of opportunistic trading around material nonpublic information when properly structured. The signature was provided by an attorney-in-fact, and the report lists the indirect ownership vehicle, enhancing clarity on beneficial ownership. From a governance perspective, the disclosure meets Section 16 requirements and provides investors with clear information on insider ownership changes.

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

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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)
09/26/2025

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	09/26/2025		S(1)		2,018	D	$166.5759(2)	20,977	I	See Footnote(3)
Class A Common Stock	09/26/2025		S(1)		1,600	D	$164.3144(4)	19,377	I	See Footnote(3)
Class A Common Stock	09/26/2025		S(1)		3,171	D	$165.5215(5)	16,206	I	See Footnote(3)
Class A Common Stock	09/26/2025		S(1)		50	D	$167.14	16,156	I	See Footnote(3)
Class A Common Stock	09/26/2025		S(1)		376	D	$163.5752(6)	15,780	I	See Footnote(3)
Class A Common Stock	09/26/2025		S(1)		450	D	$162.0356(7)	15,330	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 $166.02 to $166.92. 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.

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 $163.98 to $164.93. 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 $165.00 to $165.97. 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 $162.92 to $163.87. 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 $161.66 to $162.40. 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	09/29/2025
	** 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 disclose on the Form 4 for Atlassian (TEAM)?

The Form 4 reports that Farquhar Scott sold 7,665 Class A shares on 09/26/2025 under a Rule 10b5-1 trading plan and now beneficially owns 15,330 shares indirectly through Farquhar Investment Partnership No. 2.

Were the sales by TEAM director Farquhar Scott part of a pre-arranged plan?

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

How many separate transactions and what total shares were sold by Farquhar Scott?

The Form 4 lists six separate disposals executed on 09/26/2025, totaling 7,665 shares sold.

At what prices were the TEAM shares sold in these transactions?

The filing reports weighted-average prices per lot ranging from about $162.04 to $166.58, with specific weighted averages shown for each lot.

Who filed/signature authority on behalf of Farquhar Scott?

The Form 4 was signed by Drew Parkes, Attorney-in-Fact for Farquhar Scott, on 09/29/2025.