TEAM Form 4: Director Farquhar Scott reports 7,665-share sale
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 executed on 10/08/2025 under a previously adopted Rule 10b5-1 trading plan. The filings list four 10b5-1 dispositions totaling 7,665 shares sold at weighted-average prices ranging from $149.72 to $152.63, with the reported weighted-average prices for individual lots shown on the form. Following these transactions, the Reporting Person (via Farquhar Investment Partnership No. 2) is shown as beneficially owning 444,570 shares of Class A common stock. The Form 4 is signed by an attorney-in-fact and cites the 10b5-1 plan adoption date of 02/12/2025.
Positive
- Transactions executed under a Rule 10b5-1 plan, indicating pre-planned sales adopted on 02/12/2025
- Reporting Person retains substantial indirect ownership of 444,570 shares via Farquhar Investment Partnership No. 2
Negative
- Insider disposed of 7,665 shares on 10/08/2025, representing a realized liquidity event
- Multiple intra-day trades were executed at varying prices, which may complicate simple interpretation of timing
Insights
Insider sales were executed under a pre-set 10b5-1 plan, reducing holdings but leaving a large retained stake.
These sales were reported as Rule 10b5-1-plan transactions adopted on 02/12/2025, which indicates the trades were pre‑arranged rather than opportunistic market timing. The total disclosed disposals equal 7,665 shares executed across multiple intra‑day trades at weighted prices between $149.72 and $152.63.
The remaining beneficial ownership is reported as 444,570 shares held indirectly via Farquhar Investment Partnership No. 2. Watch for any subsequent Forms 4 that would amend the ownership totals or disclose additional plan details; near-term filings would clarify whether similar planned sales remain active.
Reported sale size is modest relative to total company float but is a concrete insider liquidity event.
Combined disposals of 7,665 shares represent a defined liquidity action by a significant insider; however, the filing shows continued large indirect ownership, which preserves alignment with shareholders. The trades occurred at prices in the $149–$153 range, providing transparent execution pricing.
Material market impact depends on outstanding float and timing; investors should note the use of a 10b5-1 plan when interpreting insider activity and check for any additional scheduled dispositions in future filings within the next quarter.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,679 | $151.9722 | $255K |
| Sale | Class A Common Stock | 1,450 | $150.5896 | $218K |
| Sale | Class A Common Stock | 1,450 | $152.6292 | $221K |
| Sale | Class A Common Stock | 3,086 | $149.7189 | $462K |
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 $151.34 to $152.33. 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 $150.21 to $150.90. 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 $152.37 to $153.07. 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 $149.18 to $150.16. 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.
