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Insider sales: TEAM director Farquhar Scott sells shares under scheduled plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Filing type: Form 4 reporting changes in beneficial ownership by Farquhar Scott, a director and >10% owner of Atlassian Corporation (TEAM). On 09/24/2025 Mr. Scott sold a series of 6 blocks of Class A common stock under a Rule 10b5-1 trading plan adopted February 12, 2025. The individual disposals were 4,729; 1,001; 900; 50; 600; and 385 shares at weighted-average prices reported for each block ranging roughly from $163.74 to $169.11. Following the reported transactions, the filing shows Mr. Scott (indirectly through Farquhar Investment Partnership No. 2) beneficially owned 30,660 Class A shares.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine insider sales executed under a pre-established 10b5-1 plan; disclosure aligns with standard governance practice.

The Form 4 discloses scheduled disposals by a director and >10% owner executed under a 10b5-1 plan, which typically limits the implication of opportunistic trading by management. The transaction details include per-block weighted-average prices and show continued indirect ownership of 30,660 shares via an investment partnership. From a governance perspective, timely disclosure and the use of a 10b5-1 plan are procedural mitigants that preserve transparency for investors.

TL;DR: Materiality is limited: modest share volume sold relative to typical institutional holdings; no new derivative activity disclosed.

The sales total 7,665 shares across six trades with reported weighted-average execution prices per block between roughly $163.74 and $169.11. There are no derivative transactions reported and ownership remains indirect through Farquhar Investment Partnership No. 2. Given the structured 10b5-1 plan and the retained stake, this disclosure is informational rather than a material change to ownership control.

Insider Farquhar Scott
Role Director, 10% Owner
Sold 7,665 shs ($1.27M)
Type Security Shares Price Value
Sale Class A Common Stock 4,729 $164.1496 $776K
Sale Class A Common Stock 1,001 $165.0621 $165K
Sale Class A Common Stock 900 $167.6395 $151K
Sale Class A Common Stock 50 $169.28 $8K
Sale Class A Common Stock 600 $166.1288 $100K
Sale Class A Common Stock 385 $168.5777 $65K
Holdings After Transaction: Class A Common Stock — 33,596 shares (Indirect, See Footnote)
Footnotes (1)
  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 $163.74 to $164.73. 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 $164.74 to $165.71. 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 $167.14 to $168.08. 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 $165.87 to $166.65. 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 $168.15 to $169.11. 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.
Form 4 Insider Transactions: What Each Field Means →
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 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)
09/24/2025
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 09/24/2025 S(1) 4,729 D $164.1496(2) 33,596 I See Footnote(3)
Class A Common Stock 09/24/2025 S(1) 1,001 D $165.0621(4) 32,595 I See Footnote(3)
Class A Common Stock 09/24/2025 S(1) 900 D $167.6395(5) 31,695 I See Footnote(3)
Class A Common Stock 09/24/2025 S(1) 50 D $169.28 31,645 I See Footnote(3)
Class A Common Stock 09/24/2025 S(1) 600 D $166.1288(6) 31,045 I See Footnote(3)
Class A Common Stock 09/24/2025 S(1) 385 D $168.5777(7) 30,660 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 $163.74 to $164.73. 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 $164.74 to $165.71. 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 $167.14 to $168.08. 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 $165.87 to $166.65. 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 $168.15 to $169.11. 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.
Remarks:
/s /Drew Parkes, Attorney-in-Fact for Farquhar Scott 09/25/2025
** 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 the Form 4 for TEAM?

The Form 4 reports that Farquhar Scott sold 6 blocks totaling 7,665 Class A shares on 09/24/2025 under a Rule 10b5-1 trading plan.

How many TEAM shares does Farquhar Scott beneficially own after the trades?

After the reported transactions, Mr. Scott beneficially owned 30,660 Class A shares indirectly through Farquhar Investment Partnership No. 2.

Were the sales part of a planned trading arrangement?

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

What price range were the TEAM shares sold at?

Per the explanatory notes, execution prices for the reported blocks ranged approximately from $163.74 to $169.11, with weighted-average prices reported for each block.

Did the Form 4 report any derivative transactions or option exercises?

No. Table II (derivative securities) contains no reported transactions; only non-derivative common stock sales are disclosed.