[Form 4] Atlassian Corporation Insider Trading Activity

Rhea-AI Filing Summary

Insider transaction summary: This Form 4 shows that Scott Belsky, an Atlassian Corporation (TEAM) director, acquired 1,455 shares of Class A common stock at a price of $173 per share on 08/28/2025 under a Rule 10b5-1 trading plan adopted May 29, 2025. The filing also reports a disposition of 1,634 shares (listed as "D") on the same form. After the reported acquisition, 1,455 shares are reported as beneficially owned indirectly by the Belsky Family, 2018 Exempt Trust. The form was signed by an attorney-in-fact on 08/29/2025.

Positive

• Acquisition executed under a Rule 10b5-1 plan, adopted May 29, 2025, which provides prearranged trade documentation
• Timely disclosure with Form 4 filed and signed on 08/29/2025 by an attorney-in-fact

Negative

• Reported disposal of 1,634 shares on the same filing could warrant clarification about the sequence and purpose of transactions
• Beneficial ownership is indirect (held by Belsky Family, 2018 Exempt Trust), which may obscure direct personal stake details

Insights

Financial Analyst

TL;DR: Director purchased 1,455 TEAM shares at $173 via a 10b5-1 plan; a separate disposal of 1,634 shares is also reported.

From an equity-ownership perspective, the acquisition executed under a Rule 10b5-1 plan signals a prearranged purchase rather than opportunistic trading. The reported price of $173 and the exact share counts are material for assessing small changes in insider holdings but do not materially alter outstanding share counts for a large-cap issuer like Atlassian. The indirect ownership via the Belsky Family trust clarifies that these shares are held in a family vehicle rather than personally, which matters for control and alignment analysis.

Corporate Governance Expert

TL;DR: Transaction follows a documented 10b5-1 plan and is disclosed promptly; the mix of acquisition and disposal merits internal review.

The filing shows compliance with Section 16 reporting and cites a 10b5-1 plan adopted May 29, 2025, which provides the affirmative defense to insider trading allegations if properly implemented. The presence of both an acquisition and a disposal on the same Form 4 is notable and should prompt review of plan terms and trustee arrangements for the Belsky Family, 2018 Exempt Trust to confirm reporting consistency. Timely signature by an attorney-in-fact indicates proper execution of filing formalities.

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^*

Belsky 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		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

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	08/28/2025		P(1)		1,455	A	$173	1,455	I	See Footnote(2)
Class A Common Stock								1,634	D

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 on May 29, 2025.

2. Shares are held by Belsky Family, 2018 Exempt Trust

Remarks:

	/s/ Veena Bhatia, Attorney-in-Fact for Belsky 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.

FAQ

What insider transactions does the TEAM Form 4 report?

The Form 4 reports an acquisition of 1,455 Class A shares at $173 per share and a separate disposition of 1,634 shares.

When were the transactions and when was the Form 4 filed for TEAM?

The transactions are dated 08/28/2025 and the Form 4 was signed and filed on 08/29/2025.

Was the acquisition part of a 10b5-1 trading plan for TEAM insider Scott Belsky?

Yes. The filing states the acquisition was effected pursuant to a Rule 10b5-1 trading plan adopted on May 29, 2025.

How are the acquired shares held according to the TEAM Form 4?

The filing indicates the shares are held indirectly by the Belsky Family, 2018 Exempt Trust.

Who signed the TEAM Form 4?

The Form 4 was signed by Veena Bhatia, Attorney-in-Fact for Scott Belsky on 08/29/2025.