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TEAM Insider: Farquhar Scott Sells 7,665 Shares, Retains 245,280 Indirectly

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

Rhea-AI Filing Summary

Farquhar Scott, a director and >10% owner of Atlassian Corporation (TEAM), reported insider sales under a Rule 10b5-1 plan. On 08/14/2025 Scott, through Farquhar Investment Partnership No. 2, sold a total of 7,665 shares of Class A common stock in multiple trades at prices ranging roughly from $160.42 to $164.66 per share. The Form 4 breaks the activity into five sale lots with reported weighted-average prices for each lot and shows Scott’s indirect beneficial ownership after the sales at 245,280 shares. The transactions were executed pursuant to a 10b5-1 trading plan adopted February 12, 2025, and the Form 4 was signed by an attorney-in-fact on 08/15/2025.

Positive

  • Transactions were executed under a Rule 10b5-1 trading plan, indicating pre-planned, structured sales
  • Filing discloses indirect ownership vehicle (Farquhar Investment Partnership No. 2) and post-transaction share count (245,280)

Negative

  • Insider sold 7,665 shares, which is a decrease in beneficial ownership (materiality depends on total holdings and company size)

Insights

TL;DR: Director sold 7,665 TEAM shares under a 10b5-1 plan, leaving ~245k shares indirectly owned; activity appears orderly and plan-driven.

The Form 4 documents multiple block sales on 08/14/2025 executed under a Rule 10b5-1 plan adopted Feb 12, 2025. Aggregate shares sold equal 7,665 across five reported transactions with weighted-average prices per lot between approximately $160.42 and $164.66. Post-transaction indirect beneficial ownership is 245,280 shares held via Farquhar Investment Partnership No. 2. From a market-impact perspective, the report shows routine, pre-planned disposition rather than ad-hoc disposals; no derivative activity or other compensatory grants are disclosed on this Form 4.

TL;DR: Insider sales were made under an established trading plan; disclosure is complete and cites holding vehicle.

The filer checked the box indicating transactions were pursuant to a 10b5-1 plan and provided explanatory footnotes disclosing trade price ranges and the holding entity (Farquhar Investment Partnership No. 2). The Form 4 identifies the reporting person as both a director and a >10% owner, and the filing is executed by an attorney-in-fact. For governance review, the filing contains required information with clear attribution of indirect ownership; no amendments or additional restrictions are reported.

Insider Farquhar Scott
Role Director, 10% Owner
Sold 7,665 shs ($1.25M)
Type Security Shares Price Value
Sale Class A Common Stock 3,609 $163.9038 $592K
Sale Class A Common Stock 2,656 $163.0351 $433K
Sale Class A Common Stock 1,000 $162.1631 $162K
Sale Class A Common Stock 100 $164.6272 $16K
Sale Class A Common Stock 300 $160.81 $48K
Holdings After Transaction: Class A Common Stock — 249,336 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 $163.53 to $164.50. 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 $162.53 to $163.52. 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 $161.53 to $162.47. 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 $164.61 to $164.66. 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. This transaction was executed in multiple trades during the day at prices ranging from $160.42 to $161.32. 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 →
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)
08/14/2025
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 08/14/2025 S(1) 3,609 D $163.9038(2) 249,336 I See Footnote(3)
Class A Common Stock 08/14/2025 S(1) 2,656 D $163.0351(4) 246,680 I See Footnote(3)
Class A Common Stock 08/14/2025 S(1) 1,000 D $162.1631(5) 245,680 I See Footnote(3)
Class A Common Stock 08/14/2025 S(1) 100 D $164.6272(6) 245,580 I See Footnote(3)
Class A Common Stock 08/14/2025 S(1) 300 D $160.81(7) 245,280 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 $163.53 to $164.50. 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 $162.53 to $163.52. 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 $161.53 to $162.47. 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.
6. This transaction was executed in multiple trades during the day at prices ranging from $164.61 to $164.66. 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.
7. This transaction was executed in multiple trades during the day at prices ranging from $160.42 to $161.32. 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 08/15/2025
** 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 Farquhar Scott report on Form 4 for TEAM?

Scott reported sales of 7,665 Class A shares on 08/14/2025 under a Rule 10b5-1 plan, with post-transaction indirect ownership of 245,280 shares.

Were the TEAM trades part of a 10b5-1 plan?

Yes. The Form 4 indicates the transactions were effected pursuant to a 10b5-1 trading plan adopted February 12, 2025.

What price range did the TEAM sales occur at?

Reported trade price ranges per footnotes were approximately $160.42 to $164.66, with weighted-average prices shown for each lot.

How much TEAM stock does Scott beneficially own after the sales?

245,280 shares (indirectly) held by Farquhar Investment Partnership No. 2 as reported on the Form 4.

What is Scott’s relationship to Atlassian (TEAM)?

He is reported as a director and a >10% owner on the Form 4.