[Form 4] Atlassian Corporation Insider Trading Activity

Rhea-AI Filing Summary

Atlassian Corporation (TEAM) Form 4 filing: Director and 10% owner Scott Farquhar reported five open-market sales of Class A common stock on 18 June 2025 under an established Rule 10b5-1 trading plan adopted on 12 Feb 2025.

The transactions covered 450, 1,394, 3,072, 1,992 and 757 shares, respectively, at weighted-average prices ranging from $194.50 to $198.58. In total, 7,665 shares were disposed of for gross consideration of roughly $1.5 million based on the reported averages.

All shares were held indirectly through Farquhar Investment Partnership No. 2. Following the sales, the partnership’s stake declined from 61,320 shares to 53,655 shares. No derivative securities were reported in this filing.

The sale represents a modest portion of Farquhar’s indirect holdings and was effected under a pre-scheduled plan, limiting concerns about discretionary timing.

Positive

• Executed under a Rule 10b5-1 trading plan, reducing the likelihood of opportunistic insider timing and signalling compliance with best-practice governance.

Negative

• Director and 10% owner sold 7,665 shares (~$1.5 million), representing a 12.5% reduction of his indirect holding and adding modest insider-selling pressure.

Insights

Financial Analyst

TL;DR: Small, pre-planned insider sale; neutral signal for TEAM shareholders.

The filing shows Scott Farquhar reduced his indirect Class A position by 7,665 shares (~12.5% of the partnership’s stake) for about $1.5 million. Given Atlassian’s >$50 billion market value and Farquhar’s status as co-founder with significant remaining ownership, the transaction is immaterial to the equity structure. The use of a Rule 10b5-1 plan mitigates timing concerns, suggesting routine liquidity rather than a valuation call. Investors typically treat such sales as neutral unless they form part of a larger selling trend.

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)
06/18/2025

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	06/18/2025		S(1)		450	D	$198.5844(2)	60,870	I	See Footnote(3)
Class A Common Stock	06/18/2025		S(1)		1,394	D	$197.6797(4)	59,476	I	See Footnote(3)
Class A Common Stock	06/18/2025		S(1)		3,072	D	$195.8522(5)	56,404	I	See Footnote(3)
Class A Common Stock	06/18/2025		S(1)		1,992	D	$196.7359(6)	54,412	I	See Footnote(3)
Class A Common Stock	06/18/2025		S(1)		757	D	$194.4969(7)	53,655	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 $198.24 to $199.22. 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 $197.24 to $198.23. 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 $195.24 to $196.23. 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 $196.24 to $197.21. 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 $194.03 to $195.00. 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	06/18/2025
	** 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.
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FAQ

How many Atlassian (TEAM) shares did Scott Farquhar sell?

He disposed of 7,665 Class A common shares on 18 June 2025.

What was the average price of the TEAM shares sold?

Weighted-average prices ranged between $194.50 and $198.58 per share.

Was the insider sale executed under a 10b5-1 plan?

Yes. The filing states the trades were made under a Rule 10b5-1 plan adopted on 12 Feb 2025.

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

He retains 53,655 Class A shares indirectly via Farquhar Investment Partnership No. 2.

Does the Form 4 report any derivative transactions?

No. Table II shows no derivative securities acquired or disposed of in this filing.