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TEAM director Farquhar disposes 7,665 Class A shares under 10b5-1

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

Rhea-AI Filing Summary

Filing summary: A Form 4 shows that director and 10% owner Scott Farquhar executed multiple sales of Class A common stock of Atlassian Corporation (TEAM) on 10/06/2025. The report lists eight sale tranches totaling 7,665 shares, with tranche weighted-average prices ranging from $148.46 to $155.61 and reported prices per tranche between $149.0898 and $156.33. The shares are held indirectly through Farquhar Investment Partnership No. 2. The transactions were effected under a Rule 10b5-1 trading plan adopted on 02/12/2025, and the Form is signed by an attorney-in-fact on 10/07/2025.

Positive

  • Trades executed under a Rule 10b5-1 plan adopted on 02/12/2025, which provides an affirmative defense for pre-planned transactions
  • Reporting transparency: footnotes disclose intraday price ranges and offer to provide transaction-level details on request

Negative

  • Insider sold 7,665 Class A shares on 10/06/2025, reducing indirect holdings reported in the Form
  • Sales were sizable in absolute terms (multiple tranches across the trading day), which could attract investor attention regarding insider liquidity

Insights

Director sold a small portion of indirect stake under a pre-set 10b5-1 plan.

The reporting person, a director and 10% owner, executed multiple sales of 7,665 Class A shares on 10/06/2025, with holdings reported indirectly through an investment partnership. Use of a Rule 10b5-1 plan (adopted 02/12/2025) provides an affirmative defense for trades made under a pre-established written plan.

Monitor confirmations or amendments to the plan and any future Forms 4 over the next 90 days for pattern changes in disposition behavior that could affect governance signaling.

Trades were split across eight tranches at varying intraday weighted prices.

Footnotes report tranche-weighted prices between $148.46 and $155.61, and specific reported prices per tranche from $149.0898 to $156.33. The filer states willingness to provide transaction-level details on request to the SEC staff or holders.

Investors often watch whether such sales follow a regular schedule; here the stated 10b5-1 plan date (02/12/2025) is the key milestone to reference when assessing whether future sales are consistent with pre-authorized instructions.

Insider Farquhar Scott
Role Director, 10% Owner
Sold 7,665 shs ($1.16M)
Type Security Shares Price Value
Sale Class A Common Stock 550 $151.0538 $83K
Sale Class A Common Stock 50 $156.33 $8K
Sale Class A Common Stock 250 $155.3859 $39K
Sale Class A Common Stock 2,600 $149.0898 $388K
Sale Class A Common Stock 850 $153.0716 $130K
Sale Class A Common Stock 2,065 $149.845 $309K
Sale Class A Common Stock 500 $154.2551 $77K
Sale Class A Common Stock 800 $151.8408 $121K
Holdings After Transaction: Class A Common Stock — 467,015 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 $150.52 to $151.50. 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 $155.26 to $155.61. 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 $148.46 to $149.45. 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 $152.64 to $153.59. 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 $149.47 to $150.24. 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 $153.91 to $154.67. 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 $151.56 to $152.32. 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).
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)
10/06/2025
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 10/06/2025 S(1) 550 D $151.0538(2) 467,015 I See Footnote(3)
Class A Common Stock 10/06/2025 S(1) 50 D $156.33 466,965 I See Footnote(3)
Class A Common Stock 10/06/2025 S(1) 250 D $155.3859(4) 466,715 I See Footnote(3)
Class A Common Stock 10/06/2025 S(1) 2,600 D $149.0898(5) 464,115 I See Footnote(3)
Class A Common Stock 10/06/2025 S(1) 850 D $153.0716(6) 463,265 I See Footnote(3)
Class A Common Stock 10/06/2025 S(1) 2,065 D $149.845(7) 461,200 I See Footnote(3)
Class A Common Stock 10/06/2025 S(1) 500 D $154.2551(8) 460,700 I See Footnote(3)
Class A Common Stock 10/06/2025 S(1) 800 D $151.8408(9) 459,900 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 $150.52 to $151.50. 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 $155.26 to $155.61. 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 $148.46 to $149.45. 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 $152.64 to $153.59. 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 $149.47 to $150.24. 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 $153.91 to $154.67. 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.
9. This transaction was executed in multiple trades during the day at prices ranging from $151.56 to $152.32. 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 10/07/2025
** 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 TEAM director Scott Farquhar sell on 10/06/2025?

He sold 7,665 shares of Class A common stock in eight tranches on 10/06/2025, as reported on Form 4.

Were the 10/06/2025 sales by TEAM completed under a trading plan?

Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on 02/12/2025.

At what prices were the TEAM shares sold on 10/06/2025?

Footnotes report tranche-weighted prices ranging from $148.46 to $155.61, with reported per-tranche prices between $149.0898 and $156.33.

How are the sold shares held according to the Form 4?

The shares are held indirectly through Farquhar Investment Partnership No. 2, per the Form 4 footnote.

Who signed the Form 4 for Scott Farquhar?

The Form 4 is signed by Veena Bhatia, Attorney-in-Fact for Scott Farquhar on 10/07/2025.