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Farquhar Scott Reduces Indirect TEAM Stake to 268,275 Shares After Sales

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

Rhea-AI Filing Summary

Farquhar Scott, listed as a director and a 10% owner of Atlassian Corporation (TEAM), reported multiple sales of Class A common stock executed under a Rule 10b5-1 trading plan adopted on February 12, 2025. The Form 4 shows 12 sale entries executed on 08/11/2025 with quantities listed per trade and weighted-average prices reported for each execution.

The aggregated quantity sold across the entries is 7,665 shares, with reported execution prices ranging from $158.12 to $171.05. Reported beneficial ownership following these transactions decreased from 275,240 shares to 268,275, held indirectly through Farquhar Investment Partnership No. 2. The filer offers to provide full trade details upon request.

Positive

  • Transactions executed under a Rule 10b5-1 trading plan, indicating pre-planned sales rather than opportunistic timing
  • Detailed price ranges and weighted-average prices disclosed for the multiple executions and an undertaking to provide full trade details on request
  • Ownership held indirectly via Farquhar Investment Partnership No. 2 and clearly identified in the filing, supporting transparency about beneficial ownership

Negative

  • Insider sales reduced reported beneficial ownership from 275,240 shares to 268,275 shares, a visible decline in indirect holdings
  • Filer is both a director and a 10% owner; while disclosed, such sales may attract investor scrutiny despite being pre-planned

Insights

TL;DR Director sold 7,665 TEAM shares under a pre-established 10b5-1 plan; modest reduction in indirect holdings across $158–$171 price range.

The Form 4 lists a series of 12 sales executed under a Rule 10b5-1 plan, with weighted-average prices reported per entry and a disclosed price band of $158.12–$171.05. The total listed quantity across the entries is 7,665 shares and the reported beneficial ownership after the transactions moved from 275,240 to 268,275 shares (indirect). These transactions are consistent with pre-planned sales and carry limited immediate informational content about Atlassian's operating performance, though they reduce the reporting person's indirect stake by several thousand shares.

TL;DR Sales executed under a documented 10b5-1 plan show compliance and transparency, while reducing an insider's indirect holdings modestly.

The filing identifies the trades as effected pursuant to a 10b5-1 plan and discloses detailed weighted-average prices and trade ranges for multiple executions. Ownership is held indirectly through Farquhar Investment Partnership No. 2, and the Form 4 includes an undertaking to provide full execution details on request. From a governance perspective, use of a documented trading plan and clear footnote disclosure supports procedural compliance and transparency for investors monitoring insider activity.

Insider Farquhar Scott
Role Director, 10% Owner
Sold 7,665 shs ($1.25M)
Type Security Shares Price Value
Sale Class A Common Stock 700 $158.7222 $111K
Sale Class A Common Stock 450 $165.0417 $74K
Sale Class A Common Stock 760 $168.7272 $128K
Sale Class A Common Stock 450 $164.1155 $74K
Sale Class A Common Stock 900 $167.6535 $151K
Sale Class A Common Stock 200 $170.765 $34K
Sale Class A Common Stock 750 $162.9176 $122K
Sale Class A Common Stock 200 $166.4625 $33K
Sale Class A Common Stock 450 $161.5868 $73K
Sale Class A Common Stock 1,335 $160.5259 $214K
Sale Class A Common Stock 350 $169.6343 $59K
Sale Class A Common Stock 1,120 $159.7314 $179K
Holdings After Transaction: Class A Common Stock — 275,240 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 $166.15 to $167.00. 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. This transaction was executed in multiple trades during the day at prices ranging from $161.15 to $162.05. 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. This transaction was executed in multiple trades during the day at prices ranging from $160.12 to $161.10. 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 $169.27 to $170.08. 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 $159.12 to $160.10. 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 $158.12 to $159.10. 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 $164.68 to $165.54. 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 $168.18 to $169.13. 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 $163.56 to $164.50. 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 $167.15 to $168.12. 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 $170.42 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. This transaction was executed in multiple trades during the day at prices ranging from $162.50 to $163.40. 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)
08/11/2025
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 08/11/2025 S(1) 700 D $158.7222(2) 275,240 I See Footnote(3)
Class A Common Stock 08/11/2025 S(1) 450 D $165.0417(4) 274,790 I See Footnote(3)
Class A Common Stock 08/11/2025 S(1) 760 D $168.7272(5) 274,030 I See Footnote(3)
Class A Common Stock 08/11/2025 S(1) 450 D $164.1155(6) 273,580 I See Footnote(3)
Class A Common Stock 08/11/2025 S(1) 900 D $167.6535(7) 272,680 I See Footnote(3)
Class A Common Stock 08/11/2025 S(1) 200 D $170.765(8) 272,480 I See Footnote(3)
Class A Common Stock 08/11/2025 S(1) 750 D $162.9176(9) 271,730 I See Footnote(3)
Class A Common Stock 08/11/2025 S(1) 200 D $166.4625(10) 271,530 I See Footnote(3)
Class A Common Stock 08/11/2025 S(1) 450 D $161.5868(11) 271,080 I See Footnote(3)
Class A Common Stock 08/11/2025 S(1) 1,335 D $160.5259(12) 269,745 I See Footnote(3)
Class A Common Stock 08/11/2025 S(1) 350 D $169.6343(13) 269,395 I See Footnote(3)
Class A Common Stock 08/11/2025 S(1) 1,120 D $159.7314(14) 268,275 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 $158.12 to $159.10. 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 $164.68 to $165.54. 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 $168.18 to $169.13. 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 $163.56 to $164.50. 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.
7. This transaction was executed in multiple trades during the day at prices ranging from $167.15 to $168.12. 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 $170.42 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.
9. This transaction was executed in multiple trades during the day at prices ranging from $162.50 to $163.40. 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 $166.15 to $167.00. 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.
11. This transaction was executed in multiple trades during the day at prices ranging from $161.15 to $162.05. 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.
12. This transaction was executed in multiple trades during the day at prices ranging from $160.12 to $161.10. 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.
13. This transaction was executed in multiple trades during the day at prices ranging from $169.27 to $170.08. 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.
14. This transaction was executed in multiple trades during the day at prices ranging from $159.12 to $160.10. 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 08/12/2025
** 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 in the Form 4 for TEAM?

The Form 4 reports multiple sale entries of Class A common stock executed under a Rule 10b5-1 trading plan, totaling 7,665 shares sold across the reported trades.

Were the trades pre-planned or discretionary?

The sales were executed pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025, indicating they were pre-established transactions.

What price range were the sales executed at?

The disclosed execution price range across the multiple trades was $158.12 to $171.05, with weighted-average prices reported per trade.

How did the sales affect beneficial ownership of TEAM shares?

Reported beneficial ownership following the transactions decreased from 275,240 shares to 268,275 shares, held indirectly through Farquhar Investment Partnership No. 2.

Can investors obtain more details on the individual trades?

Yes. The reporting person undertakes to provide full information about the number of shares and prices for the transactions upon request to the SEC staff, the issuer, or a security holder.