[Form 4] Atlassian Corporation Insider Trading Activity

Rhea-AI Filing Summary

Atlassian director and 10% owner Scott Farquhar reported multiple sales of Class A common stock on 09/03/2025 under a pre-established Rule 10b5-1 trading plan. The filings show four dispositions totaling 7,665 shares sold at weighted-average prices ranging about $170.06 to $173.22, with the reported execution prices summarized as $170.5754, $173.22, $172.3437 and $171.5513 for the respective trades. After these sales, the filing reports 145,635 shares beneficially owned indirectly through Farquhar Investment Partnership No. 2. The reporting attorney-in-fact signed the Form 4 on 09/04/2025.

Positive

• Transactions were executed under a Rule 10b5-1 trading plan, indicating pre-scheduled sales rather than opportunistic insider trading
• Form 4 discloses weighted-average price ranges and offers to provide detailed execution data on request, supporting transparency

Negative

• Director and 10% owner sold 7,665 Class A shares, reducing indirect beneficial ownership to 145,635 shares
• Sales represent a disclosed reduction in insider holdings, which investors may view as a modest decrease in insider ownership

Insights

Financial Analyst

Insider sales were pre-planned and modest in size relative to typical director holdings; no new information on company fundamentals.

The transactions were executed under a Rule 10b5-1 plan adopted February 12, 2025, which indicates prearranged timing rather than opportunistic trading. Total shares sold were 7,665 at prices roughly between $170 and $173, leaving 145,635 Class A shares held indirectly. From a market-impact perspective, these sales are material for disclosure but are not large enough, based on the report alone, to indicate a change in control or a significant shift in ownership. No derivative transactions or other compensatory grants are reported on this Form 4.

Corporate Governance Expert

Sale executed under a documented 10b5-1 plan reduces governance concern but merits routine disclosure monitoring.

The filing appropriately discloses the Rule 10b5-1 plan adoption date and provides weighted-average price ranges per trade, with an undertaking to supply detailed execution info on request. The shares are held indirectly through an investment partnership, and all dispositions are reported by attorney-in-fact. This is a compliant reporting event; it raises no new governance red flags by itself but should be noted by stakeholders tracking insider trading patterns and ownership dilution.

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)
09/03/2025

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	09/03/2025		S(1)		3,862	D	$170.5754(2)	149,438	I	See Footnote(3)
Class A Common Stock	09/03/2025		S(1)		50	D	$173.22	149,388	I	See Footnote(3)
Class A Common Stock	09/03/2025		S(1)		700	D	$172.3437(4)	148,688	I	See Footnote(3)
Class A Common Stock	09/03/2025		S(1)		3,053	D	$171.5513(5)	145,635	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 $170.06 to $171.05. 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 $172.07 to $172.88. 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 $171.06 to $172.05. 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	09/04/2025
	** 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 Scott Farquhar report on the Form 4 for TEAM?

He reported four sales on 09/03/2025 totaling 7,665 Class A shares, executed under a Rule 10b5-1 plan.

How many Team (Atlassian) shares does Farquhar own after the sales?

145,635 Class A shares are reported as beneficially owned indirectly through Farquhar Investment Partnership No. 2.

At what prices were the TEAM shares sold?

Weighted-average execution prices ranged approximately from $170.06 to $173.22, with specific reported averages of $170.5754, $173.22, $172.3437 and $171.5513.

Was the sale discretionary or pre-planned?

Pre-planned: the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.

Who signed the Form 4?

The Form 4 was signed by Veena Bhatia, Attorney-in-Fact, on behalf of Scott Farquhar, on 09/04/2025.