[Form 4] Atlassian Corporation Insider Trading Activity

Rhea-AI Filing Summary

Atlassian director and 10% owner Scott Farquhar sold shares under a Rule 10b5-1 plan on 09/04/2025. The Form 4 shows five separate dispositions totaling 7,665 shares of Class A common stock at weighted-average prices between about $166.29 and $169.90, with the reported proceeds prices aggregated in the filing. After these transactions, the reporting person (through Farquhar Investment Partnership No. 2) held 137,970 Class A shares beneficially. The filing states the trades were effected pursuant to a 10b5-1 trading plan adopted February 12, 2025, and provides weighted-average price ranges for each block of trades; counsel signed the form on 09/05/2025.

Positive

• Transactions executed under a Rule 10b5-1 trading plan, indicating pre-authorization and compliance with insider trading rules
• Filing discloses indirect ownership vehicle (Farquhar Investment Partnership No. 2) and provides weighted-average price ranges for transparency

Negative

• Aggregate sale of 7,665 Class A shares by a director and 10% owner on 09/04/2025, reducing beneficial holdings
• Filing does not state aggregate proceeds from the transactions (only per-block weighted-average prices and ranges)

Insights

Corporate Governance Expert

TL;DR: Insider sales were executed under a pre-established 10b5-1 plan, suggesting compliance but reducing beneficial stake.

The sales total 7,665 shares across five blocks executed the same day and reported with weighted-average prices. Use of a 10b5-1 plan indicates the transactions were pre-authorized to avoid timing issues and potential insider-trading concerns. From a governance perspective, transparency is adequate: the filing lists the indirect holder (Farquhar Investment Partnership No. 2) and includes price ranges and an undertaking to provide trade details on request. The filing does not disclose aggregate proceeds or reasons for the sale, which is typical for Form 4 disclosures; materiality is limited absent other concurrent disclosures.

Securities Analyst

TL;DR: The disposal is routine insider liquidity under a trading plan and is unlikely to be materially market-moving by itself.

The pattern—multiple small blocks at close prices between $165.65 and $170.25—is consistent with execution intraday under a 10b5-1 plan. Post-transaction beneficial ownership remains at 137,970 Class A shares, which helps contextualize the scale: the reported disposals reduce the holding but do not indicate a control change. Without additional corporate news or large percentage changes in ownership, the impact on valuation or governance is likely neutral.

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)
09/04/2025

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	09/04/2025		S(1)		2,854	D	$167.1015(2)	142,781	I	See Footnote(3)
Class A Common Stock	09/04/2025		S(1)		1,100	D	$166.2948(4)	141,681	I	See Footnote(3)
Class A Common Stock	09/04/2025		S(1)		823	D	$169.3347(5)	140,858	I	See Footnote(3)
Class A Common Stock	09/04/2025		S(1)		2,588	D	$168.0956(6)	138,270	I	See Footnote(3)
Class A Common Stock	09/04/2025		S(1)		300	D	$169.9002(7)	137,970	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 $166.67 to $167.66. 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.

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 $165.65 to $166.64. 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 $168.70 to $169.66. 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 $167.67 to $168.63. 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 $169.73 to $170.25. 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	09/05/2025
	** 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 did TEAM insider Scott Farquhar sell on 09/04/2025?

He disposed of 7,665 Class A shares in five transactions executed that day under a Rule 10b5-1 plan.

Were the sales by TEAM's director pre-authorized?

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

How many TEAM shares did the reporting person own after these transactions?

The filing reports 137,970 Class A shares beneficially owned following the reported transactions.

At what prices were the TEAM shares sold?

The filing reports weighted-average prices per block ranging roughly from $165.65 to $170.25, with specific weighted averages shown for each block.

Who holds the shares sold by the reporting person?

The shares are held indirectly by Farquhar Investment Partnership No. 2, as stated in the filing.