TEAM Form 4: Scott Farquhar Reports Multiple 08/20/2025 Share Sales

Q: What did Scott Farquhar report in the Form 4 for TEAM?

The filing reports multiple open-market sales of Class A common stock on 08/20/2025 executed under a Rule 10b5-1 plan, totaling 7,665 shares sold .

Q: Were the sales by TEAM director Scott Farquhar preplanned or discretionary?

The sales were made pursuant to a 10b5-1 trading plan adopted on 02/12/2025 , indicating preplanned dispositions.

Q: How did the reported sales affect Farquhar's ownership in TEAM?

Beneficial ownership decreased from 221,485 shares to 214,620 shares following the reported transactions.

Q: Through what entity are the reported TEAM shares held?

The shares are held indirectly by Farquhar Investment Partnership No. 2 , as stated in the Form 4.

Q: What price information was disclosed for the TEAM sales?

Each tranche includes a weighted-average price: $164.9655 , $166.0434 , $166.8908 , and $167.9661 ; price ranges for each tranche are also provided in the explanations.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Atlassian insider sale under 10b5-1 plan: Director and 10% owner Scott Farquhar reported multiple open-market sales of Class A common stock on 08/20/2025 executed pursuant to a Rule 10b5-1 plan adopted on 02/12/2025. The filings show four grouped transactions totaling 7,665 shares sold at weighted-average prices of $164.9655, $166.0434, $166.8908, and $167.9661. Shares are held indirectly through Farquhar Investment Partnership No. 2. The reported beneficial ownership decreased from 221,485 shares to a final 214,620 shares following these sales. The Form 4 was signed by an attorney-in-fact on 08/21/2025.

Positive

Transactions executed under a documented Rule 10b5-1 plan, which supports non-suspicious, preauthorized trading.
Detailed weighted-average prices and price ranges provided for each tranche, with an undertaking to provide full trade details on request.
Form 4 discloses indirect ownership vehicle (Farquhar Investment Partnership No. 2), enhancing transparency.

Negative

Insider sold 7,665 shares, reducing beneficial ownership from 221,485 to 214,620 shares, which is a tangible decrease in insider stake.

Insights

TL;DR: Director Farquhar executed preplanned, multiple open-market sales under a 10b5-1 plan; total 7,665 shares sold, modest ownership decrease.

These transactions were effected under a Rule 10b5-1 trading plan adopted February 12, 2025, and therefore indicate preauthorized dispositions rather than opportunistic insider trades. The sales occurred in four tranches on August 20, 2025, using weighted-average prices reported for each tranche. Beneficial ownership reported indirectly through Farquhar Investment Partnership No. 2 declined from 221,485 to 214,620 shares, a reduction of 6,865 shares relative to the first reported post-tranche figure. The activity is routine for large shareholders using trading plans and does not on its face disclose new company-specific material information.

TL;DR: A director and 10% owner completed systematic sales via a documented 10b5-1 plan; disclosure appears compliant and standard.

The Form 4 identifies the reporting person as both a director and a >10% owner and discloses that shares are held indirectly, which is important for governance transparency. The filer provided price ranges and undertook to supply transaction-level details upon request, aligning with robust disclosure practice. The signature by an attorney-in-fact is indicated. From a governance perspective, these are preplanned, disclosed sales and do not by themselves indicate governance concerns or undisclosed information.

Insider Trade Summary

Net Seller: 7,665 shares ($1,274,676)

Net Sell 4 txns

Insider Farquhar Scott

Role Director, 10% Owner

Sold 7,665 shs ($1.27M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	800	$164.9655	$132K
Sale	Class A Common Stock	3,957	$166.0434	$657K
Sale	Class A Common Stock	2,581	$166.8908	$431K
Sale	Class A Common Stock	327	$167.9661	$55K

Holdings After Transaction: Class A Common Stock — 221,485 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 $164.43 to $165.36. 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 $165.48 to $166.47. 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 $166.50 to $167.46. 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 $167.69 to $168.32. 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 →

08/21/2025 - 06:13 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)
08/20/2025

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	08/20/2025		S⁽¹⁾		800	D	$164.9655⁽²⁾	221,485	I	See Footnote⁽³⁾
Class A Common Stock	08/20/2025		S⁽¹⁾		3,957	D	$166.0434⁽⁴⁾	217,528	I	See Footnote⁽³⁾
Class A Common Stock	08/20/2025		S⁽¹⁾		2,581	D	$166.8908⁽⁵⁾	214,947	I	See Footnote⁽³⁾
Class A Common Stock	08/20/2025		S⁽¹⁾		327	D	$167.9661⁽⁶⁾	214,620	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 $164.43 to $165.36. 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 $165.48 to $166.47. 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 $166.50 to $167.46. 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 $167.69 to $168.32. 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	08/21/2025
	** 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 report in the Form 4 for TEAM?

The filing reports multiple open-market sales of Class A common stock on 08/20/2025 executed under a Rule 10b5-1 plan, totaling 7,665 shares sold.

Were the sales by TEAM director Scott Farquhar preplanned or discretionary?

The sales were made pursuant to a 10b5-1 trading plan adopted on 02/12/2025, indicating preplanned dispositions.

How did the reported sales affect Farquhar's ownership in TEAM?

Beneficial ownership decreased from 221,485 shares to 214,620 shares following the reported transactions.

Through what entity are the reported TEAM shares held?

The shares are held indirectly by Farquhar Investment Partnership No. 2, as stated in the Form 4.

What price information was disclosed for the TEAM sales?

Each tranche includes a weighted-average price: $164.9655, $166.0434, $166.8908, and $167.9661; price ranges for each tranche are also provided in the explanations.