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TEAM insider Scott Farquhar disposes 7,665 Class A shares via 10b5‑1

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

Rhea-AI Filing Summary

Atlassian director and >10% owner Scott Farquhar sold 7,665 shares of Class A common stock on 08/18/2025. The sales were executed under a Rule 10b5-1 trading plan adopted February 12, 2025, and are reported as disposals by Farquhar Investment Partnership No. 2. Transaction-level weighted-average prices are reported for multiple intraday trades: $167.9721 for 1,918 shares, $166.8991 for 950 shares, $169.03 for 4,597 shares and $165.6911 for 200 shares. After these transactions the reporting person beneficially owned 229,950 shares indirectly. The Form 4 was signed by an attorney-in-fact on 08/19/2025.

Positive

  • Transactions executed under a Rule 10b5-1 trading plan, indicating pre-scheduled sales and procedural transparency
  • Detailed disclosure of weighted-average prices and intraday price ranges for each tranche, supporting transparency
  • Reporting of indirect ownership through Farquhar Investment Partnership No. 2 clarifies beneficiary structure

Negative

  • Insider disposed of 7,665 Class A shares, reducing indirect beneficial ownership to 229,950 shares
  • Sales by a director and >10% owner may attract investor attention even if executed under a 10b5-1 plan

Insights

TL;DR: Scheduled insider sales under a documented 10b5-1 plan; routine governance disclosure with limited new governance risk.

The reported disposals total 7,665 Class A shares executed under a Rule 10b5-1 plan, which is a pre-established, documented trading arrangement designed to mitigate concerns about insider timing. The filing discloses indirect ownership through Farquhar Investment Partnership No. 2 and confirms the reporting person is both a director and a >10% owner, information relevant to control and related-party dynamics. There are no indications in this Form 4 of option exercises, new grants, or deviations from the plan.

TL;DR: Insider dispositions were modest and executed across multiple intraday trades at weighted-average prices disclosed per tranche.

The filing shows four separate sale transactions executed on 08/18/2025 at reported weighted-average prices ranging from $165.6911 to $169.03, totaling 7,665 shares. Post-transaction indirect beneficial ownership is reported at 229,950 shares. The disclosure includes price ranges for each tranche and the reporter's commitment to provide full trade details on request, supporting transparency. The activity appears to be sales only; no derivative activity is reported.

Insider Farquhar Scott
Role Director, 10% Owner
Sold 7,665 shs ($1.29M)
Type Security Shares Price Value
Sale Class A Common Stock 1,918 $167.9721 $322K
Sale Class A Common Stock 950 $166.8991 $159K
Sale Class A Common Stock 4,597 $169.03 $777K
Sale Class A Common Stock 200 $165.6911 $33K
Holdings After Transaction: Class A Common Stock — 235,697 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 $167.50 to $168.45. 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. Shares are held by Farquhar Investment Partnership No. 2. This transaction was executed in multiple trades during the day at prices ranging from $166.49 to $167.45. 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 $168.52 to $169.51. 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 $165.21 to $165.92. 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)
08/18/2025
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 08/18/2025 S(1) 1,918 D $167.9721(2) 235,697 I See Footnote(3)
Class A Common Stock 08/18/2025 S(1) 950 D $166.8991(4) 234,747 I See Footnote(3)
Class A Common Stock 08/18/2025 S(1) 4,597 D $169.03(5) 230,150 I See Footnote(3)
Class A Common Stock 08/18/2025 S(1) 200 D $165.6911(6) 229,950 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 $167.50 to $168.45. 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.
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 $166.49 to $167.45. 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.
5. This transaction was executed in multiple trades during the day at prices ranging from $168.52 to $169.51. 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 $165.21 to $165.92. 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 08/19/2025
** 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 Scott Farquhar (TEAM) report on Form 4?

The Form 4 reports that Scott Farquhar sold 7,665 Class A shares on 08/18/2025 under a Rule 10b5-1 trading plan and now beneficially owns 229,950 shares indirectly.

Were the sales executed under a 10b5-1 plan for TEAM insider filings?

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

What prices were reported for the TEAM share sales?

Four tranches reported weighted-average prices: $167.9721 (1,918 shares), $166.8991 (950 shares), $169.03 (4,597 shares), and $165.6911 (200 shares).

Who holds the shares reported in the Form 4 for TEAM?

The shares are held by Farquhar Investment Partnership No. 2, which is identified as the indirect holder.

When was the Form 4 signed and by whom?

The Form 4 was signed on 08/19/2025 by Veena Bhatia as Attorney-in-Fact for Scott Farquhar.