[Form 4] Atlassian Corporation Insider Trading Activity

Rhea-AI Filing Summary

Atlassian Corporation (NASDAQ: TEAM) – Form 4 insider transaction

Co-founder, Director and 10% owner Scott Farquhar reported the sale of Atlassian Class A common shares on 2 July 2025 under a previously adopted Rule 10b5-1 trading plan (adopted 12 Feb 2025).

• Total shares sold: 7,665 shares across five individual transactions
• Price range: weighted-average prices between $201.58 and $206.53
• Gross proceeds (approx.): US$1.56 million
• Remaining beneficial ownership: 475,230 Class A shares, held through Farquhar Investment Partnership No. 2

The sales represent roughly 1.6 % of Farquhar’s reported holdings. No derivative transactions were disclosed, and no purchases were reported. Because the disposition was executed pursuant to a 10b5-1 plan, it is considered pre-scheduled and not necessarily indicative of current sentiment; however, the reduction in holdings by a key founder is still monitored closely by investors.

Positive

• None.

Negative

• Founder-level insider selling: Scott Farquhar disposed of 7,665 shares (~1.6 % of his holdings), which can be perceived as a bearish insider signal despite the 10b5-1 plan.

Insights

Financial Analyst

TL;DR: Founder sells ~7.7k TEAM shares (≈1.6 % stake) for US$1.6 m; routine 10b5-1 plan, mildly negative signal.

The filing shows Scott Farquhar trimming his exposure via a 10b5-1 plan, bringing his indirect stake to 475 k shares. Although modest relative to his overall position and executed under a pre-arranged schedule, any founder-level disposal can weigh on sentiment, especially given Atlassian’s premium valuation. The sale does not alter corporate fundamentals or control but may be interpreted as opportunistic profit-taking after a share-price rise above US$200. Overall impact is limited but directionally negative.

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)
07/02/2025

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	07/02/2025		S(1)		800	D	$203.6766(2)	482,095	I	See Footnote(3)
Class A Common Stock	07/02/2025		S(1)		1,900	D	$204.5532(4)	480,195	I	See Footnote(3)
Class A Common Stock	07/02/2025		S(1)		751	D	$206.5294(5)	479,444	I	See Footnote(3)
Class A Common Stock	07/02/2025		S(1)		250	D	$201.58(6)	479,194	I	See Footnote(3)
Class A Common Stock	07/02/2025		S(1)		3,964	D	$205.3927(7)	475,230	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 $202.97 to $203.95. 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 $204.01 to $205.00. 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 $206.01 to $206.82. 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 $201.28 to $201.82. 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 $205.01 to $205.99. 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	07/03/2025
	** 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

How many Atlassian (TEAM) shares did Scott Farquhar sell?

He sold 7,665 Class A shares on 2 July 2025.

At what prices were the TEAM shares sold?

Weighted-average prices ranged from $201.58 to $206.53 per share, depending on each transaction bucket.

What is Scott Farquhar’s remaining stake in Atlassian?

After the transaction he indirectly owns 475,230 Class A shares via Farquhar Investment Partnership No. 2.

Was the sale part of a 10b5-1 trading plan?

Yes. The filing states the transactions were executed under a Rule 10b5-1 plan adopted on 12 Feb 2025.

Does this Form 4 involve any derivative securities?

No derivative securities were reported in Table II of the Form 4.