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Scott Farquhar disposes 7,665 TEAM Class A shares via 10b5-1 trades

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

Rhea-AI Filing Summary

Insider sales under pre-established plan reduced Farquhar Scott's indirect stake in Atlassian (TEAM). The reporting person executed multiple sales on 08/15/2025 under a Rule 10b5-1 trading plan adopted February 12, 2025. A total of 7,665 Class A common shares were sold in several block trades at weighted-average prices shown per trade, with execution price ranges reported between $162.60 and $168.71. Shares are held indirectly through Farquhar Investment Partnership No. 2. After the transactions, reported beneficial holdings decreased from 245,180 to 237,615 Class A shares, reflecting a modest reduction in indirect ownership. The filer indicates willingness to provide trade-level details on request.

Positive

  • Sales executed under a Rule 10b5-1 plan, indicating pre-planned transactions rather than opportunistic insider timing
  • Clear disclosure of indirect ownership via Farquhar Investment Partnership No. 2 and provision to supply detailed trade data on request
  • Line-by-line reporting with post-transaction beneficial ownership shown, supporting transparency

Negative

  • Insider disposed of 7,665 Class A shares, reducing reported indirect holdings from 245,180 to 237,615 shares
  • Multiple intra-day trades across a range of prices may increase short-term volume from this insider

Insights

TL;DR: Routine, pre-planned insider sales; modest reduction in indirect holdings, limited immediate market impact.

The sale of 7,665 Class A shares by Scott Farquhar was executed under a documented Rule 10b5-1 plan, which signals planned liquidity rather than opportunistic timing. The transactions spanned intra-day price ranges from about $162.60 to $168.71 and reduced indirect holdings from 245,180 to 237,615 shares. For investors this is informational: the volumes are small relative to Atlassian's public float, and there is no new operational or financial disclosure here. The filing preserves transparency by noting the entity holding the shares and offering to provide detailed trade data on request.

TL;DR: Use of a 10b5-1 plan and clear footnotes indicate governance best practices in insider reporting.

The reporting person disclosed adoption of a 10b5-1 trading plan and provided explanatory footnotes about aggregated executions and pricing ranges, which aligns with good governance and disclosure norms. Holdings are indirect via an investment partnership, and the form reports each disposal line-by-line with post-transaction beneficial ownership. This filing demonstrates compliance and transparency; it does not disclose any change in board role or company governance structure.

Insider Farquhar Scott
Role Director, 10% Owner
Sold 7,665 shs ($1.28M)
Type Security Shares Price Value
Sale Class A Common Stock 100 $162.695 $16K
Sale Class A Common Stock 2,765 $167.7963 $464K
Sale Class A Common Stock 250 $164.7697 $41K
Sale Class A Common Stock 3,163 $167.0015 $528K
Sale Class A Common Stock 1,222 $165.9818 $203K
Sale Class A Common Stock 165 $168.5998 $28K
Holdings After Transaction: Class A Common Stock — 245,180 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 $162.60 to $162.79. 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 $167.37 to $168.33. 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 $164.24 to $165.19. 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 $166.35 to $167.34. 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 $165.35 to $166.32. 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 $168.41 to $168.71. 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)
08/15/2025
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 08/15/2025 S(1) 100 D $162.695(2) 245,180 I See Footnote(3)
Class A Common Stock 08/15/2025 S(1) 2,765 D $167.7963(4) 242,415 I See Footnote(3)
Class A Common Stock 08/15/2025 S(1) 250 D $164.7697(5) 242,165 I See Footnote(3)
Class A Common Stock 08/15/2025 S(1) 3,163 D $167.0015(6) 239,002 I See Footnote(3)
Class A Common Stock 08/15/2025 S(1) 1,222 D $165.9818(7) 237,780 I See Footnote(3)
Class A Common Stock 08/15/2025 S(1) 165 D $168.5998(8) 237,615 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 $162.60 to $162.79. 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 $167.37 to $168.33. 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 $164.24 to $165.19. 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 $166.35 to $167.34. 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 $165.35 to $166.32. 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.
8. This transaction was executed in multiple trades during the day at prices ranging from $168.41 to $168.71. 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 08/18/2025
** 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

What did Farquhar Scott report on the Form 4 for TEAM?

The Form 4 reports multiple sales of 7,665 Class A shares executed on 08/15/2025 under a Rule 10b5-1 trading plan.

Were the sales part of a pre-established trading plan?

Yes. The reporting person adopted a Rule 10b5-1 trading plan on February 12, 2025, and the transactions were effected pursuant to that plan.

How did the sales affect beneficial ownership of TEAM shares?

Reported indirect beneficial ownership fell from 245,180 shares to 237,615 shares after the transactions.

At what prices were the TEAM shares sold?

Trades executed across multiple intra-day prices with reported ranges from approximately $162.60 to $168.71; weighted-average prices are provided per trade in the filing.

Where are the shares held according to the filing?

The filing states shares are held indirectly by Farquhar Investment Partnership No. 2.