Scott Farquhar trims Atlassian (NASDAQ: TEAM) stake under 10b5-1 plan

Rhea-AI Filing Summary

Atlassian Corp director and 10% owner Scott Farquhar, through Farquhar Investment Partnership No. 2, reported multiple open-market sales of Atlassian Class A common stock on January 22, 2026. The trades, made under a Rule 10b5-1 trading plan adopted on February 12, 2025, involved blocks of 3,350, 1,551, 784, 730, 800 and 450 shares at weighted-average prices between $123.5532 and $128.4259 per share. After these transactions, the partnership held 360,255 Atlassian Class A shares indirectly attributed to Farquhar. Several footnotes explain that each sale was executed in multiple trades within stated intraday price ranges and that full trade details are available upon request.

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

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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).

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)
01/22/2026

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	01/22/2026		S(1)		3,350	D	$125.715(2)	364,570	I	See Footnote(3)
Class A Common Stock	01/22/2026		S(1)		1,551	D	$126.8001(4)	363,019	I	See Footnote(3)
Class A Common Stock	01/22/2026		S(1)		784	D	$127.6791(5)	362,235	I	See Footnote(3)
Class A Common Stock	01/22/2026		S(1)		730	D	$128.4259(6)	361,505	I	See Footnote(3)
Class A Common Stock	01/22/2026		S(1)		800	D	$123.5532(7)	360,705	I	See Footnote(3)
Class A Common Stock	01/22/2026		S(1)		450	D	$124.7445(8)	360,255	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 $125.22 to $126.21. 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 $126.24 to $127.23. 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 $127.26 to $128.25. 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 $128.26 to $128.64. 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 $123.15 to $124.14. 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 $124.22 to $125.21. 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	01/23/2026
	** 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).
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FAQ

Who is the reporting person in this Atlassian (TEAM) Form 4 filing?

The reporting person is Scott Farquhar, identified as both a director and 10% owner of Atlassian Corp, with the reported shares held indirectly.

How many Atlassian (TEAM) shares were sold in this Form 4?

The filing reports six separate sales of Atlassian Class A Common Stock on January 22, 2026, in blocks of 3,350, 1,551, 784, 730, 800 and 450 shares, all coded as open-market sales.

At what prices were the Atlassian (TEAM) shares sold on January 22, 2026?

The weighted-average prices per share were reported as $125.715, $126.8001, $127.6791, $128.4259, $123.5532 and $124.7445, with footnotes noting each was executed in multiple trades within stated intraday price ranges.

Were these Atlassian (TEAM) insider sales made under a Rule 10b5-1 trading plan?

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

Who holds the Atlassian shares reported in this Form 4 for Scott Farquhar?

A footnote explains that the shares are held by Farquhar Investment Partnership No. 2, and the ownership in the table is reported as indirect with the notation "See Footnote."

How many Atlassian (TEAM) shares did the reporting person hold after these transactions?

Following the last reported sale, the Form 4 states that 360,255 shares of Atlassian Class A common stock were beneficially owned indirectly after the transactions.

What additional price information is provided about these Atlassian (TEAM) insider trades?

For each sale, footnotes state that trades occurred in multiple executions within specific price ranges (for example, $125.22 to $126.21), and that full trade details will be provided upon request to the SEC staff, the issuer, or a security holder.