[Form 4] Atlassian Corporation Insider Trading Activity

Rhea-AI Filing Summary

Atlassian director and >10% owner Farquhar Scott reported multiple open-market sales of Class A common stock on 08/25/2025 executed under a Rule 10b5-1 trading plan adopted February 12, 2025. The report shows three sale tranches totaling 7,665 shares at weighted-average prices of approximately $169.07, $169.87 and $170.85. After these dispositions, the filing discloses indirect beneficial ownership of 191,625 shares held by Farquhar Investment Partnership No. 2. Sales were executed in multiple trades with price ranges provided for each tranche and the reporting person commits to furnish detailed trade-level information on request.

Positive

• Transactions executed under a Rule 10b5-1 trading plan, which documents pre-scheduled sales and can reduce concerns about opportunistic timing
• Detailed price ranges and weighted-average prices disclosed, enhancing transparency about execution
• Indirect beneficial ownership remained substantial at 191,625 shares held via Farquhar Investment Partnership No. 2

Negative

• Insider disposed of 7,665 shares, reducing holdings and representing realized sales by a director and >10% owner

Insights

Securities Analyst

TL;DR: Insider sold 7,665 TEAM shares under a pre-established 10b5-1 plan; ownership remains significant at 191,625 shares.

The reported transactions are routine dispositions under a Rule 10b5-1 plan, indicating they were pre-scheduled and not ad hoc. Total shares sold (7,665) are documented with weighted-average prices and intra-day ranges, preserving transparency. Remaining indirect ownership is substantial and held via an investment partnership, which is clearly disclosed. From a market-impact perspective, the disclosure provides the necessary specificity for investors to understand the scale and mechanics of the sales without further interpretation.

Corporate Governance Expert

TL;DR: Disclosure follows Section 16 norms and cites a 10b5-1 plan, reducing concerns about opportunistic insider trades.

The filing identifies the reporting person as both a director and a greater-than-10% owner and specifies that transactions were effected pursuant to a documented Rule 10b5-1 trading plan adopted on February 12, 2025. The report includes weighted-average prices and ranges for each tranche and indicates indirect ownership via Farquhar Investment Partnership No. 2. These elements align with best-practice transparency for insider transactions and enable stakeholders to assess governance implications without speculation.

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)
08/25/2025

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	08/25/2025		S(1)		4,805	D	$169.0664(2)	194,485	I	See Footnote(3)
Class A Common Stock	08/25/2025		S(1)		2,610	D	$169.8665(4)	191,875	I	See Footnote(3)
Class A Common Stock	08/25/2025		S(1)		250	D	$170.846(5)	191,625	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 $168.58 to $169.57. 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 $169.58 to $170.55. 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 $170.59 to $171.04. 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	08/26/2025
	** 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 Farquhar Scott report in the Form 4 for TEAM?

The Form 4 reports three sales on 08/25/2025 totaling 7,665 Class A shares executed under a Rule 10b5-1 plan.

Were the sales by Farquhar Scott pre-planned under a trading plan?

Yes. The filing states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.

How many TEAM shares does Farquhar Scott beneficially own after the reported sales?

The report discloses indirect beneficial ownership of 191,625 shares held by Farquhar Investment Partnership No. 2 after the transactions.

At what prices were the TEAM shares sold?

The three tranches show weighted-average prices of approximately $169.0664, $169.8665, and $170.846, with intra-day ranges provided for each tranche.

What is the reporting person’s relationship to Atlassian (TEAM)?

The Form 4 identifies Farquhar Scott as both a director and a greater-than-10% owner of the issuer.