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Atlassian's Scott Farquhar Offloads 7,665 Shares While Maintaining Major Stake

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

Rhea-AI Filing Summary

Atlassian Corporation (TEAM) director and 10% owner Scott Farquhar reported multiple sales of Class A Common Stock on June 23, 2025, executed through a pre-established Rule 10b5-1 trading plan from February 12, 2025. The transactions included:

  • 450 shares at avg. price of $190.56
  • 200 shares at avg. price of $188.44
  • 3,799 shares at avg. price of $192.75
  • 750 shares at avg. price of $191.86
  • 50 shares at price of $194.21
  • 2,416 shares at avg. price of $193.53

Following these transactions, Farquhar indirectly owns 38,325 shares through Farquhar Investment Partnership No. 2, representing a total reduction of 7,665 shares. All transactions were executed in multiple trades at varying prices within specific ranges, with weighted averages reported.

Positive

  • None.

Negative

  • Co-founder Scott Farquhar sold 7,665 shares worth approximately $1.47M through a pre-planned 10b5-1 trading plan, with sale prices ranging from $188-194 per share
Insider Farquhar Scott
Role Director, 10% Owner
Sold 7,665 shs ($1.48M)
Type Security Shares Price Value
Sale Class A Common Stock 450 $190.5592 $86K
Sale Class A Common Stock 200 $188.4425 $38K
Sale Class A Common Stock 3,799 $192.7542 $732K
Sale Class A Common Stock 750 $191.8581 $144K
Sale Class A Common Stock 50 $194.21 $10K
Sale Class A Common Stock 2,416 $193.5267 $468K
Holdings After Transaction: Class A Common Stock — 45,540 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 $190.16 to $191.08. 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 $188.19 to $188.82. 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 $192.18 to $193.17. 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 $191.17 to $192.16. 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 $193.19 to $194.18. 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)
06/23/2025
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 06/23/2025 S(1) 450 D $190.5592(2) 45,540 I See Footnote(3)
Class A Common Stock 06/23/2025 S(1) 200 D $188.4425(4) 45,340 I See Footnote(3)
Class A Common Stock 06/23/2025 S(1) 3,799 D $192.7542(5) 41,541 I See Footnote(3)
Class A Common Stock 06/23/2025 S(1) 750 D $191.8581(6) 40,791 I See Footnote(3)
Class A Common Stock 06/23/2025 S(1) 50 D $194.21 40,741 I See Footnote(3)
Class A Common Stock 06/23/2025 S(1) 2,416 D $193.5267(7) 38,325 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 $190.16 to $191.08. 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 $188.19 to $188.82. 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 $192.18 to $193.17. 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 $191.17 to $192.16. 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 $193.19 to $194.18. 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 06/24/2025
** 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

How many TEAM shares did Scott Farquhar sell on June 23, 2025?

Scott Farquhar sold a total of 7,665 Class A Common Stock shares on June 23, 2025, through multiple transactions at different price points: 450 shares at ~$190.56, 200 shares at ~$188.44, 3,799 shares at ~$192.75, 750 shares at ~$191.86, 50 shares at $194.21, and 2,416 shares at ~$193.53.

What was the price range of TEAM stock sales by Scott Farquhar on June 23, 2025?

The sales were executed at prices ranging from $188.19 at the lowest to $194.21 at the highest. The transactions were completed in multiple blocks with different weighted average prices, with the largest block of 3,799 shares selling at a weighted average price of $192.75.

How many TEAM shares does Scott Farquhar own after the June 23, 2025 transactions?

After the reported transactions, Scott Farquhar beneficially owned 38,325 shares of Class A Common Stock indirectly through Farquhar Investment Partnership No. 2.

Was Scott Farquhar's TEAM stock sale planned in advance?

Yes, the transactions were executed pursuant to a Rule 10b5-1 trading plan that was adopted by Farquhar on February 12, 2025. This indicates the sales were part of a pre-planned trading arrangement rather than spontaneous transactions.

What positions does Scott Farquhar hold at TEAM according to the Form 4?

According to the Form 4, Scott Farquhar serves as both a Director and a 10% Owner of Atlassian Corporation (TEAM).