[Form 4] Atlassian Corporation Insider Trading Activity

Rhea-AI Filing Summary

Atlassian (NASDAQ:TEAM) filed a Form 4 revealing that co-founder, director and 10% owner Scott Farquhar sold 7,665 Class A shares on 06/24/2025 pursuant to a Rule 10b5-1 plan adopted 02/12/2025.

Weighted-average sale prices ranged from $195.20 – $200.70, generating roughly $1.52 million in proceeds. The shares were held through Farquhar Investment Partnership No. 2; its ownership fell from 38,325 to 30,660 shares, a reduction of about 20%. No derivative transactions were reported.

The insider remains a director and 10% holder. While pre-scheduled sales mitigate timing concerns, investors often view sizable disposals as a potential sentiment signal.

Positive

• None.

Negative

• Director & 10% owner sold 7,665 shares (~20% of stake) worth $1.52 M, potentially signaling reduced insider confidence despite scheduled plan

Insights

Insider-Sentiment Analyst

TL;DR: $1.5 M sale trims Farquhar’s stake 20%; pre-planned but still a bearish sentiment indicator.

The transaction’s $1.52 million size easily tops the $1 M materiality threshold and removes 7,665 shares—about one-fifth of the partnership’s prior holdings. Although executed under a 10b5-1 plan, the timing coincides with TEAM’s stock near the $200 level, suggesting opportunistic price realization. Post-sale ownership of 30,660 shares leaves the co-founder with meaningful exposure, yet reduced alignment can be read as a mild negative signal for near-term momentum traders. No derivative hedges were disclosed, so exposure is unlevered. Historically, clustered insider selling in growth software names often precedes short-term under-performance, though long-term impact is mixed. Investors should monitor subsequent filings to see if sales continue or if other executives follow suit.

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)
06/24/2025

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	06/24/2025		S(1)		850	D	$195.703(2)	37,475	I	See Footnote(3)
Class A Common Stock	06/24/2025		S(1)		900	D	$197.1785(4)	36,575	I	See Footnote(3)
Class A Common Stock	06/24/2025		S(1)		1,078	D	$200.3063(5)	35,497	I	See Footnote(3)
Class A Common Stock	06/24/2025		S(1)		50	D	$200.7	35,447	I	See Footnote(3)
Class A Common Stock	06/24/2025		S(1)		1,944	D	$198.3394(6)	33,503	I	See Footnote(3)
Class A Common Stock	06/24/2025		S(1)		2,843	D	$199.2161(7)	30,660	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 $195.20 to $196.09. 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 $196.69 to $197.57. 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.

5. This transaction was executed in multiple trades during the day at prices ranging from $199.70 to $200.66. 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 $197.70 to $198.68. 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 $198.70 to $199.69. 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	06/25/2025
	** 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

How many TEAM shares did Scott Farquhar sell on 06/24/2025?

He sold 7,665 Class A shares in multiple transactions.

What was the total value of the insider sale disclosed in Atlassian’s Form 4?

The weighted-average proceeds were approximately $1.52 million.

How many TEAM shares does Scott Farquhar still own after the sale?

Following the transactions, his partnership holds 30,660 shares.

Was the Atlassian insider sale conducted under a Rule 10b5-1 plan?

Yes. The Form 4 states the trades were executed under a 10b5-1 plan adopted on 02/12/2025.