TEAM Form 4: Director Executes Multiple Sales Under 10b5-1 Plan

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Farquhar Scott, a director and reported 10% owner of Atlassian Corporation (TEAM), reported multiple open-market sales of Class A common stock on 09/23/2025. The Form 4 shows serial dispositions executed under a Rule 10b5-1 trading plan adopted on February 12, 2025, with individual sale lots and weighted-average prices disclosed. Shares are held indirectly through Farquhar Investment Partnership No. 2, and the Form 4 reports 38,325 Class A shares beneficially owned following the transactions. The filing was signed by an attorney-in-fact on 09/24/2025.

Positive

Sales executed under a Rule 10b5-1 plan, indicating pre-arranged trading instructions were in place
Detailed disclosure of intraday price ranges and weighted-average prices for each lot
Indirect holdings identified (Farquhar Investment Partnership No. 2), clarifying ownership structure

Negative

Multiple open-market dispositions reduced beneficial holdings to 38,325 Class A shares
Reporting person is a director and 10% owner; sales by such an insider may be viewed as a reduction in insider stake

Insights

TL;DR: Director sold multiple Class A share lots under a pre-established 10b5-1 plan; disclosure is routine and factual.

The reported transactions on 09/23/2025 consist of several open-market dispositions executed at different intraday prices, with weighted-average prices provided for each lot. The filing identifies indirect ownership via an investment partnership and shows 38,325 shares remaining. From a financial-monitoring perspective, these are clear, itemized dispositions under an established trading plan, which reduces information asymmetry but does represent a decrease in the reporting person's stake.

TL;DR: Insiders used a documented 10b5-1 plan and timely filed Form 4; governance disclosures are compliant and transparent.

The Form 4 discloses use of a Rule 10b5-1 plan adopted Feb 12, 2025, and provides granular execution ranges and weighted-average prices by lot. The reporting person is both a director and identified as a 10% owner, and shares are held indirectly. The filing includes the required signature and explanatory footnotes, consistent with standard Section 16 reporting practices.

Insider Trade Summary

Net Seller: 7,665 shares ($1,274,785)

Net Sell 6 txns

Insider Farquhar Scott

Role Director, 10% Owner

Sold 7,665 shs ($1.27M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	185	$170.2314	$31K
Sale	Class A Common Stock	450	$164.9181	$74K
Sale	Class A Common Stock	700	$163.7883	$115K
Sale	Class A Common Stock	3,411	$166.8862	$569K
Sale	Class A Common Stock	400	$167.7053	$67K
Sale	Class A Common Stock	2,519	$165.9769	$418K

Holdings After Transaction: Class A Common Stock — 45,805 shares (Indirect, See Footnote)

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 $170.05 to $170.33. 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 $164.40 to $165.34. 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 $163.40 to $164.24. 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 $166.45 to $167.36. 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 $167.46 to $168.24. 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 $165.45 to $166.44. 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.

Form 4 Insider Transactions: What Each Field Means →

09/24/2025 - 06:10 PM

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

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)
09/23/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	09/23/2025		S⁽¹⁾		185	D	$170.2314⁽²⁾	45,805	I	See Footnote⁽³⁾
Class A Common Stock	09/23/2025		S⁽¹⁾		450	D	$164.9181⁽⁴⁾	45,355	I	See Footnote⁽³⁾
Class A Common Stock	09/23/2025		S⁽¹⁾		700	D	$163.7883⁽⁵⁾	44,655	I	See Footnote⁽³⁾
Class A Common Stock	09/23/2025		S⁽¹⁾		3,411	D	$166.8862⁽⁶⁾	41,244	I	See Footnote⁽³⁾
Class A Common Stock	09/23/2025		S⁽¹⁾		400	D	$167.7053⁽⁷⁾	40,844	I	See Footnote⁽³⁾
Class A Common Stock	09/23/2025		S⁽¹⁾		2,519	D	$165.9769⁽⁸⁾	38,325	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 $170.05 to $170.33. 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 $164.40 to $165.34. 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 $163.40 to $164.24. 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 $166.45 to $167.36. 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 $167.46 to $168.24. 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.

8. This transaction was executed in multiple trades during the day at prices ranging from $165.45 to $166.44. 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.

Remarks:

	/s /Drew Parkes, Attorney-in-Fact for Farquhar Scott	09/24/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Farquhar Scott report on Form 4 for TEAM?

The Form 4 reports multiple sales of Class A common stock on 09/23/2025, executed under a Rule 10b5-1 plan, with post-transaction beneficial ownership of 38,325 shares.

Were the sales part of a 10b5-1 trading plan?

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

How were the sold shares held?

The Form 4 indicates the shares are held indirectly through Farquhar Investment Partnership No. 2.

What prices were the shares sold at?

The filing provides weighted-average prices for each lot and intraday price ranges; reported weighted-average prices include $170.2314, $164.9181, $163.7883, $166.8862, $167.7053, and $165.9769.

When was the Form 4 signed and filed?

The signature block shows the form was signed by an attorney-in-fact on 09/24/2025 and reports transactions dated 09/23/2025.