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TEAM Insider Scott Farquhar Discloses 10b5-1 Share Sale, Retains 61k Shares

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Form 4 overview: On 06/17/2025, Atlassian Corporation (ticker: TEAM) co-founder, Director and 10% owner Scott Farquhar reported the sale of Atlassian Class A common shares through a Rule 10b5-1 trading plan adopted on 02/12/2025.

  • Total shares sold: 7,665 across four separate trades executed the same day.
  • Weighted-average sale prices ranged from $198.5905 to $201.5828.
  • All shares were held indirectly via Farquhar Investment Partnership No. 2.
  • Post-transaction indirect beneficial ownership stands at 61,320 Class A shares.

No derivative securities were reported, and no acquisitions occurred. The filing was signed on 06/18/2025 by Veena Bhatia as Attorney-in-Fact.

Positive

  • Sale executed under a Rule 10b5-1 plan, demonstrating compliance with insider-trading safeguards and governance best practices.
  • Director remains a >10% owner with 61,320 shares post-sale, preserving alignment with shareholders.

Negative

  • Insider selling of 7,665 shares may be interpreted by some investors as a mild negative sentiment indicator, despite pre-planning.

Insights

TL;DR: Routine 10b5-1 sales; modest volume relative to founder’s stake—neutral signal.

The 7,665-share disposal equals a low-single-digit fraction of Scott Farquhar’s reported holdings and was executed under a pre-scheduled Rule 10b5-1 plan, reducing headline risk. Prices clustered around the $199-$202 range, implying no valuation distress. Because the founder remains a >10% beneficial owner with 61,320 indirect shares, strategic alignment is largely intact. From a market-impact perspective, the sale is immaterial to Atlassian’s >240 million share float. I classify the disclosure as neutral: it provides transparency but doesn’t alter the investment thesis.

TL;DR: Pre-planned insider sale follows governance best practices; limited governance concern.

The filing highlights adherence to SEC Rule 10b5-1, mitigating potential insider-trading criticism. Multiple price range disclosures and the willingness to furnish trade details on request enhance governance transparency. No red flags—such as accelerated selling outside a plan—are present. The director continues to hold a significant ownership stake, maintaining shareholder alignment.

Insider Farquhar Scott
Role Director, 10% Owner
Sold 7,665 shs ($1.53M)
Type Security Shares Price Value
Sale Class A Common Stock 1,150 $201.5828 $232K
Sale Class A Common Stock 2,550 $200.5761 $511K
Sale Class A Common Stock 1,559 $199.6398 $311K
Sale Class A Common Stock 2,406 $198.5905 $478K
Holdings After Transaction: Class A Common Stock — 67,835 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 $201.29 to $202.07. 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 $200.17 to $201.13. 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 $199.14 to $200.13. 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 $198.14 to $199.12. 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)
06/17/2025
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 06/17/2025 S(1) 1,150 D $201.5828(2) 67,835 I See Footnote(3)
Class A Common Stock 06/17/2025 S(1) 2,550 D $200.5761(4) 65,285 I See Footnote(3)
Class A Common Stock 06/17/2025 S(1) 1,559 D $199.6398(5) 63,726 I See Footnote(3)
Class A Common Stock 06/17/2025 S(1) 2,406 D $198.5905(6) 61,320 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 $201.29 to $202.07. 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 $200.17 to $201.13. 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 $199.14 to $200.13. 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 $198.14 to $199.12. 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.
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 Atlassian (TEAM) shares did Scott Farquhar sell on 06/17/2025?

He sold 7,665 Class A shares in four separate trades.

What were the sale prices for the insider trades disclosed?

Weighted-average prices ranged between $198.5905 and $201.5828 per share.

Was the transaction conducted under a Rule 10b5-1 trading plan?

Yes. The plan was adopted on 02/12/2025, providing a pre-scheduled framework for the sales.

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

He indirectly owns 61,320 Class A shares through Farquhar Investment Partnership No. 2.

Did the Form 4 report any derivative security transactions?

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