TEAM Form 4: Director and 10% owner reports Rule 10b5-1 sales

Q: What insider transaction did Atlassian (TEAM) report for Farquhar Scott?

The filing reports that Farquhar Scott , a director and 10% owner of Atlassian Corp (TEAM) , executed multiple open-market sales of Class A common stock on November 13, 2025 under a Rule 10b5-1 trading plan.

Q: How many Atlassian (TEAM) shares did Farquhar Scott sell in the largest reported trade?

The largest single reported transaction shows a sale of 3,186 shares of Atlassian Class A common stock on November 13, 2025 at a weighted-average price of $152.2039 per share.

Q: How many Atlassian (TEAM) shares does Farquhar Scott beneficially own after these transactions?

Following the reported sales, Farquhar Scott beneficially owned 245,280 Atlassian Class A shares indirectly, held through Farquhar Investment Partnership No. 2 , as stated in the filing.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Atlassian Corp (TEAM) director and 10% owner Farquhar Scott reported multiple open-market sales of Class A common stock on November 13, 2025, made under a pre-arranged Rule 10b5-1 trading plan adopted on February 12, 2025. The reported transactions include individual sales of 1,535, 650, 3,186, 150, 868 and 1,276 shares at weighted-average prices such as $154.44 and $156.89 per share. After these trades, Farquhar Scott indirectly beneficially owned 245,280 Class A shares held through Farquhar Investment Partnership No. 2.

Insights

Pre-planned insider sales by a major holder modestly reduce indirect ownership; neutral governance and ownership impact.

The filing shows multiple same-day open market sales of Atlassian Class A Common Stock by a reporting person who is both a director and 10% owner. On 11/13/2025, a total of 7,665 shares were sold in several trades, with weighted-average prices between $151.69 and $156.99. These transactions were executed under a Rule 10b5‑1 trading plan adopted on February 12, 2025, which indicates they were scheduled in advance under SEC rules.

After these sales, the reporting person’s indirect beneficial ownership stands at 245,280 Class A shares, held through Farquhar Investment Partnership No. 2. The ownership change is incremental relative to the remaining position, so the economic stake remains substantial even after the reduction. The filing also notes that each sale was executed in multiple trades throughout the day, with the issuer, the SEC staff, or security holders able to request detailed trade-level pricing.

This disclosure mainly updates the market on insider ownership levels and confirms use of a structured trading plan rather than discretionary same-day decisions. Items to monitor over time are the pace and size of further 10b5‑1 plan sales and any future changes in the reporting person’s director or 10% owner status. The next meaningful datapoints would be subsequent Forms 4 if additional plan transactions occur or if the beneficial ownership level changes more significantly.

Insider Trade Summary

Net Seller: 7,665 shares ($1,178,679)

Net Sell 6 txns

Insider Farquhar Scott

Role Director, 10% Owner

Sold 7,665 shs ($1.18M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	1,535	$154.44	$237K
Sale	Class A Common Stock	650	$153.2417	$100K
Sale	Class A Common Stock	3,186	$152.2039	$485K
Sale	Class A Common Stock	150	$156.89	$24K
Sale	Class A Common Stock	868	$156.2526	$136K
Sale	Class A Common Stock	1,276	$155.1126	$198K

Holdings After Transaction: Class A Common Stock — 251,410 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 $153.81 to $154.80. 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 $152.72 to $153.67. 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 $151.69 to $152.63. 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 $156.84 to $156.99. 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 $155.84 to $156.79. 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 $154.81 to $155.80. 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 →

11/14/2025 - 04:02 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).

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

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)
11/13/2025

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	11/13/2025		S⁽¹⁾		1,535	D	$154.44⁽²⁾	251,410	I	See Footnote⁽³⁾
Class A Common Stock	11/13/2025		S⁽¹⁾		650	D	$153.2417⁽⁴⁾	250,760	I	See Footnote⁽³⁾
Class A Common Stock	11/13/2025		S⁽¹⁾		3,186	D	$152.2039⁽⁵⁾	247,574	I	See Footnote⁽³⁾
Class A Common Stock	11/13/2025		S⁽¹⁾		150	D	$156.89⁽⁶⁾	247,424	I	See Footnote⁽³⁾
Class A Common Stock	11/13/2025		S⁽¹⁾		868	D	$156.2526⁽⁷⁾	246,556	I	See Footnote⁽³⁾
Class A Common Stock	11/13/2025		S⁽¹⁾		1,276	D	$155.1126⁽⁸⁾	245,280	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 $153.81 to $154.80. 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 $152.72 to $153.67. 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 $151.69 to $152.63. 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 $156.84 to $156.99. 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 $155.84 to $156.79. 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 $154.81 to $155.80. 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/ Veena Bhatia, Attorney-in-Fact for Farquhar Scott	11/14/2025
	** 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 insider transaction did Atlassian (TEAM) report for Farquhar Scott?

The filing reports that Farquhar Scott, a director and 10% owner of Atlassian Corp (TEAM), executed multiple open-market sales of Class A common stock on November 13, 2025 under a Rule 10b5-1 trading plan.

How many Atlassian (TEAM) shares did Farquhar Scott sell in the largest reported trade?

The largest single reported transaction shows a sale of 3,186 shares of Atlassian Class A common stock on November 13, 2025 at a weighted-average price of $152.2039 per share.

What prices were reported for the Atlassian (TEAM) insider stock sales?

The reported weighted-average sale prices for Atlassian Class A shares include $154.44, $153.2417, $152.2039, $156.89, $156.2526 and $155.1126 per share, each tied to separate trades on November 13, 2025.

How many Atlassian (TEAM) shares does Farquhar Scott beneficially own after these transactions?

Following the reported sales, Farquhar Scott beneficially owned 245,280 Atlassian Class A shares indirectly, held through Farquhar Investment Partnership No. 2, as stated in the filing.

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

Yes. The filing explains that the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 12, 2025, which pre-arranged the sales.

How are the Atlassian (TEAM) insider sale prices described in the filing?

The filing notes that each transaction was executed in multiple trades during the day, with prices within specified ranges, and that a weighted-average price such as $154.44 or $156.89 per share is reported for each line item.