Scott Farquhar disposes of 7,665 TEAM Class A shares at $164–$169

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

The Form 4 reports six open-market sales on 08/26/2025 totaling 7,665 Class A shares executed under a Rule 10b5-1 trading plan.

Q: Under what plan were the TEAM shares sold?

The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on 02/12/2025 .

Q: How many TEAM shares does Farquhar beneficially own after these trades?

After the reported transactions, the Form 4 shows 183,960 shares beneficially owned indirectly via Farquhar Investment Partnership No. 2.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Atlassian (TEAM) director and 10% owner Scott Farquhar reported multiple open-market sales of Class A common stock executed on 08/26/2025 under a Rule 10b5-1 trading plan adopted on 02/12/2025. The Form 4 shows six separate sales totaling 7,665 shares at weighted-average prices ranging from about $164.56 to $169.64, with the reported weighted-average prices per tranche noted on the form. After these transactions, beneficial ownership attributed to Farquhar (held via Farquhar Investment Partnership No. 2) is reported as 183,960 shares. The filer certified willingness to provide detailed trade-by-trade prices and quantities upon request.

Positive

None.

Negative

Director sold 7,665 Class A shares in open-market transactions on 08/26/2025 under a 10b5-1 plan
Post-transaction indirect beneficial ownership declined to 183,960 shares held via Farquhar Investment Partnership No. 2

Insights

TL;DR: A controlling insider executed preplanned sales under a 10b5-1 plan; disclosure is routine but notable given director's large ownership.

The filing documents routine, Rule 10b5-1-plan-driven sales by a founder-level director who is also a reported 10% owner. The transactions are clearly disclosed with weighted-average prices and an explicit offer to supply detailed trade data on request, which supports regulatory transparency. Because the shares are held indirectly via an investment partnership, the Form correctly identifies indirect beneficial ownership and shows the post-sale holding. This is a governance-level liquidity event, not a compensatory grant or unusual transaction.

TL;DR: Insider sold 7,665 TEAM shares across price bands ~$164–$169; post-sale indirect holdings stand at 183,960 shares.

The transactions were executed in multiple trades across six tranches with reported weighted-average prices per tranche between roughly $164.00 and $169.64. The aggregate sale size (7,665 shares) and the post-transaction indirect ownership (183,960 shares) are explicitly reported. The sales were effected under a 10b5-1 plan adopted 02/12/2025, indicating prearranged timing rather than discretionary trading on the reported date.

Insider Trade Summary

Net Seller: 7,665 shares ($1,267,850)

Net Sell 6 txns

Insider Farquhar Scott

Role Director, 10% Owner

Sold 7,665 shs ($1.27M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	1,505	$165.179	$249K
Sale	Class A Common Stock	432	$166.8744	$72K
Sale	Class A Common Stock	4,660	$164.5557	$767K
Sale	Class A Common Stock	200	$169.635	$34K
Sale	Class A Common Stock	537	$169.1778	$91K
Sale	Class A Common Stock	331	$167.8577	$56K

Holdings After Transaction: Class A Common Stock — 190,120 shares (Indirect, See Footnote)

Footnotes (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 $165.02 to $165.45. 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 $166.54 to $167.50. 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 $164.00 to $164.98. 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 $169.60 to $169.67. 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 $168.57 to $169.46. 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 $167.57 to $168.55. 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.

Form 4 Insider Transactions: What Each Field Means →

08/27/2025 - 05:51 PM

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).

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

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)
08/26/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	08/26/2025		S⁽¹⁾		1,505	D	$165.179⁽²⁾	190,120	I	See Footnote⁽³⁾
Class A Common Stock	08/26/2025		S⁽¹⁾		432	D	$166.8744⁽⁴⁾	189,688	I	See Footnote⁽³⁾
Class A Common Stock	08/26/2025		S⁽¹⁾		4,660	D	$164.5557⁽⁵⁾	185,028	I	See Footnote⁽³⁾
Class A Common Stock	08/26/2025		S⁽¹⁾		200	D	$169.635⁽⁶⁾	184,828	I	See Footnote⁽³⁾
Class A Common Stock	08/26/2025		S⁽¹⁾		537	D	$169.1778⁽⁷⁾	184,291	I	See Footnote⁽³⁾
Class A Common Stock	08/26/2025		S⁽¹⁾		331	D	$167.8577⁽⁸⁾	183,960	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 $165.02 to $165.45. 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 $166.54 to $167.50. 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 $164.00 to $164.98. 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 $169.60 to $169.67. 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 $168.57 to $169.46. 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 $167.57 to $168.55. 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.

Remarks:

	/s/ Veena Bhatia, Attorney-in-Fact for Farquhar Scott	08/27/2025
	** 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 transactions did Scott Farquhar report on the Form 4 for TEAM?

The Form 4 reports six open-market sales on 08/26/2025 totaling 7,665 Class A shares executed under a Rule 10b5-1 trading plan.

Under what plan were the TEAM shares sold?

The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on 02/12/2025.

What prices were the TEAM shares sold at?

Weighted-average prices by tranche are reported between about $164.00 and $169.64; specific intra-day ranges are disclosed in the form's footnotes.

How many TEAM shares does Farquhar beneficially own after these trades?

After the reported transactions, the Form 4 shows 183,960 shares beneficially owned indirectly via Farquhar Investment Partnership No. 2.

When was the Form 4 signed and filed?

The signature block shows the form signed by an attorney-in-fact on 08/27/2025.