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  4. [Form 4] Atlassian Corporation Insider Trading Activity

Atlassian director Farquhar Scott executes 10b5-1 sales of TEAM stock

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

Rhea-AI Filing Summary

Farquhar Scott, a director and 10% owner of Atlassian Corporation (TEAM), reported multiple sales of Class A common stock on 08/08/2025 executed under a Rule 10b5-1 trading plan adopted on February 12, 2025. The Form 4 lists nine sale entries executed in multiple trades at weighted-average prices shown per line, with per-trade price ranges disclosed in the footnotes.

Following the reported sales the filing shows indirect beneficial ownership of 275,940 shares held by Farquhar Investment Partnership No. 2. All transactions are reported as sales and the filer offers to provide full execution details upon request.

Positive

  • Transactions were executed under a documented Rule 10b5-1 trading plan adopted on Feb 12, 2025
  • Filer retains indirect beneficial ownership of 275,940 shares held by Farquhar Investment Partnership No. 2

Negative

  • Reporting person sold multiple tranches totaling 7,665 shares on 08/08/2025

Insights

TL;DR: Routine, pre-planned insider sales under a 10b5-1 plan reduced indirect holdings modestly; disclosure is complete and transparent.

The Form 4 shows multiple tranches of Class A common stock sold on 08/08/2025 pursuant to a Rule 10b5-1 plan adopted Feb 12, 2025. Footnotes disclose per-trade price ranges and the filer’s willingness to provide full execution details on request, which supports transparency. The shares remain held indirectly by Farquhar Investment Partnership No. 2, with beneficial ownership shown at 275,940 shares after the transactions. For investors, this appears as a planned liquidity event rather than an ad hoc divestiture.

TL;DR: Disclosure aligns with best practices for pre-arranged insider trading; continued significant indirect ownership remains.

The reporting person is identified as both a director and a 10% owner, and the sales are explicitly tied to a 10b5-1 plan, which provides an affirmative defense if properly adopted. The filing itemizes multiple sales with weighted-average prices and references the entity holding the shares. From a governance perspective, the use of a documented trading plan and the retention of substantial indirect holdings (275,940 shares) reduce immediate signaling risk to the market.

Insider Farquhar Scott
Role Director, 10% Owner
Sold 7,665 shs ($1.31M)
Type Security Shares Price Value
Sale Class A Common Stock 915 $168.1044 $154K
Sale Class A Common Stock 50 $176.05 $9K
Sale Class A Common Stock 1,295 $169.8366 $220K
Sale Class A Common Stock 1,274 $173.1109 $221K
Sale Class A Common Stock 1,000 $171.88 $172K
Sale Class A Common Stock 650 $173.9385 $113K
Sale Class A Common Stock 1,250 $169.1091 $211K
Sale Class A Common Stock 253 $175.3506 $44K
Sale Class A Common Stock 978 $170.8786 $167K
Holdings After Transaction: Class A Common Stock — 282,690 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 $170.43 to $171.32. 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 $167.37 to $168.36. 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 $169.42 to $170.41. 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 $172.60 to $173.55. 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. This transaction was executed in multiple trades during the day at prices ranging from $171.43 to $172.42. 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 $173.60 to $174.30. 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 $168.42 to $169.39. 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 $174.91 to $175.73. 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)
08/08/2025
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 08/08/2025 S(1) 915 D $168.1044(2) 282,690 I See Footnote(3)
Class A Common Stock 08/08/2025 S(1) 50 D $176.05 282,640 I See Footnote(3)
Class A Common Stock 08/08/2025 S(1) 1,295 D $169.8366(4) 281,345 I See Footnote(3)
Class A Common Stock 08/08/2025 S(1) 1,274 D $173.1109(5) 280,071 I See Footnote(3)
Class A Common Stock 08/08/2025 S(1) 1,000 D $171.88(6) 279,071 I See Footnote(3)
Class A Common Stock 08/08/2025 S(1) 650 D $173.9385(7) 278,421 I See Footnote(3)
Class A Common Stock 08/08/2025 S(1) 1,250 D $169.1091(8) 277,171 I See Footnote(3)
Class A Common Stock 08/08/2025 S(1) 253 D $175.3506(9) 276,918 I See Footnote(3)
Class A Common Stock 08/08/2025 S(1) 978 D $170.8786(10) 275,940 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 $167.37 to $168.36. 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 $169.42 to $170.41. 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 $172.60 to $173.55. 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.
6. This transaction was executed in multiple trades during the day at prices ranging from $171.43 to $172.42. 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 $173.60 to $174.30. 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 $168.42 to $169.39. 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.
9. This transaction was executed in multiple trades during the day at prices ranging from $174.91 to $175.73. 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.
10. This transaction was executed in multiple trades during the day at prices ranging from $170.43 to $171.32. 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.
Remarks:
/s/ Veena Bhatia, Attorney-in-Fact for Farquhar Scott 08/11/2025
** 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 Atlassian insider Farquhar Scott report on the Form 4 (TEAM)?

The Form 4 reports multiple sales of Class A common stock by Farquhar Scott executed on 08/08/2025 under a Rule 10b5-1 trading plan.

How many TEAM shares were sold in this filing?

The filing lists nine sale entries that together total 7,665 shares sold across multiple trades on 08/08/2025.

What prices were the TEAM shares sold at?

Footnotes disclose that sales were executed in multiple trades with per-line weighted-average prices and day ranges; examples include ranges such as $167.37–$168.36 and $174.91–$175.73 as reported in the footnotes.

Who holds the shares reported on the Form 4?

The filing states the shares are held by Farquhar Investment Partnership No. 2, which is the indirect holder referenced in the Form.

What is the reported beneficial ownership after these transactions?

After the reported sales the Form shows indirect beneficial ownership of 275,940 shares.