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TEAM Form 4: Farquhar Disposes 7,665 Class A Shares Under 10b5-1 Plan

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

Rhea-AI Filing Summary

Atlassian (TEAM) director and 10% owner Scott Farquhar reported multiple open-market sales of Class A common stock on 08/29/2025 under a Rule 10b5-1 trading plan adopted February 12, 2025. The Form 4 shows four separate sale entries totaling 7,665 shares disposed at weighted-average prices of $177.0308, $179.8333, $178.0382 and $178.9998, executed in multiple trades during the day in specified price ranges. After these transactions, beneficial ownership of Class A shares held by Farquhar Investment Partnership No. 2 is reported at successive balances ending at 160,965 shares. The Form 4 was signed by an attorney-in-fact.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Insider sold 7,665 TEAM shares via a 10b5-1 plan; transactions appear routine and not clearly material to valuations.

The reported disposals total 7,665 Class A shares executed on one day at weighted-average prices near $178–$180, carried out under a pre-established 10b5-1 plan adopted February 12, 2025. The filing lists incremental post-transaction beneficial ownership balances as held by Farquhar Investment Partnership No. 2, ending at 160,965 shares. Because the sales were executed pursuant to the trading plan and the Form 4 discloses price ranges and weighted averages, the actions present clear disclosure but do not on their face indicate new corporate developments or change to company fundamentals.

TL;DR: Sales were executed under a documented 10b5-1 plan, providing procedural compliance and disclosure clarity.

The Form 4 explicitly cites a Rule 10b5-1 plan and documents multiple intra-day trades with disclosed price ranges and weighted-average prices. The report is properly signed by an attorney-in-fact and identifies the reporting person as both a director and a 10% owner. From a governance perspective, the filing follows SEC disclosure requirements and provides the transparency investors expect for insider trading under an affirmative-defense plan.

Insider Farquhar Scott
Role Director, 10% Owner
Sold 7,665 shs ($1.36M)
Type Security Shares Price Value
Sale Class A Common Stock 3,173 $177.0308 $562K
Sale Class A Common Stock 150 $179.8333 $27K
Sale Class A Common Stock 2,991 $178.0382 $533K
Sale Class A Common Stock 1,351 $178.9998 $242K
Holdings After Transaction: Class A Common Stock — 160,965 shares (Indirect, See Footnote)
Footnotes (6)
  1. F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 12, 2025.
  2. F2. This transaction was executed in multiple trades during the day at prices ranging from $176.60 to $177.57. 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. F3. Shares are held by Farquhar Investment Partnership No. 2.
  4. F4. This transaction was executed in multiple trades during the day at prices ranging from $179.66 to $180.05. 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. F5. This transaction was executed in multiple trades during the day at prices ranging from $177.62 to $178.60. 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. F6. This transaction was executed in multiple trades during the day at prices ranging from $178.62 to $179.59. 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.

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FAQ

What did Scott Farquhar report on Form 4 for TEAM?
The Form 4 reports four sales totaling 7,665 Class A shares of Atlassian executed on 08/29/2025 under a Rule 10b5-1 trading plan.

What were the sale prices and how were they executed?
Sales were executed in multiple trades with weighted-average prices reported as $177.0308, $179.8333, $178.0382, and $178.9998, and intra-day price ranges disclosed for each lot.

How many shares does Farquhar beneficially own after the reported transactions?
The filing shows beneficial ownership balances held by Farquhar Investment Partnership No. 2, ending at 160,965 Class A shares after the reported sales.

Was there a 10b5-1 plan involved?
Yes. The Form 4 states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted February 12, 2025.

Who signed the Form 4?
The Form 4 was signed on behalf of Scott Farquhar by Veena Bhatia, Attorney-in-Fact on 08/29/2025.
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)
08/29/2025
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 08/29/2025 S(1) 3,173 D $177.0308(2) 165,457 I See Footnote(3)
Class A Common Stock 08/29/2025 S(1) 150 D $179.8333(4) 165,307 I See Footnote(3)
Class A Common Stock 08/29/2025 S(1) 2,991 D $178.0382(5) 162,316 I See Footnote(3)
Class A Common Stock 08/29/2025 S(1) 1,351 D $178.9998(6) 160,965 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 $176.60 to $177.57. 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 $179.66 to $180.05. 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 $177.62 to $178.60. 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 $178.62 to $179.59. 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.
Remarks:
/s/ Veena Bhatia, Attorney-in-Fact for Farquhar Scott 08/29/2025
** 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