Insider Sale: Farquhar Scott Disposes 7,665 TEAM Shares via Rule 10b5-1

Q: How many TEAM shares did Farquhar Scott sell?

7,665 shares were sold across three transactions (1,400; 5,796; 469).

Q: Were the sales prearranged under a 10b5-1 plan?

Yes. The trades were made pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.

Q: What weighted-average prices were reported for the sales?

$163.6464 , $164.3954 , and $165.11 for the respective transactions.

Q: How many TEAM shares does Farquhar Investment Partnership No. 2 beneficially own after the sales?

206,955 shares are reported as beneficially owned following the transactions.

Q: Was the filing made for direct or indirect ownership?

Indirect ownership is reported; shares are held through Farquhar Investment Partnership No. 2.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Atlassian director Farquhar Scott reported three programmed sales of Class A common stock executed under a Rule 10b5-1 trading plan adopted on February 12, 2025. The filings show sales of 1,400 shares at a weighted-average price of $163.6464, 5,796 shares at $164.3954 and 469 shares at $165.11, totaling 7,665 shares disposed of on the transaction date. Shares are held indirectly through Farquhar Investment Partnership No. 2, which beneficially owned 206,955 shares following the transactions. The reporting form indicates the trades were effected in multiple intraday executions and the reporting person committed to provide detailed trade-level info on request.

Positive

Transactions executed under a Rule 10b5-1 plan, indicating prearranged and compliant insider selling
Reporting person retains substantial indirect ownership (206,955 shares) after the sales

Negative

Insider disposed of 7,665 shares, which may be interpreted negatively by some market participants
Sales occurred via multiple intraday trades, requiring the reporting person to provide detailed trade-level data upon request

Insights

TL;DR: Director executed a prearranged sale of 7,665 TEAM shares under a 10b5-1 plan; ownership remains material at ~207k shares.

The transactions appear to be routine, preplanned sales under a Rule 10b5-1 plan, which reduces the likelihood that these disposals reflect new company-specific information. The aggregate disposal of 7,665 shares at weighted-average prices in the $163–$165 range is modest relative to institutional holdings but could be noticed by short-term market participants. Continued indirect ownership of 206,955 shares via a partnership suggests ongoing economic alignment with shareholder outcomes.

TL;DR: Sales were executed under an established trading plan, reflecting compliance with insider-trading controls.

The filing discloses a clearly documented 10b5-1 plan adopted February 12, 2025, and multiple intraday executions with weighted-average prices provided. Reporting via an indirect vehicle (Farquhar Investment Partnership No. 2) is common for insiders. From a governance perspective, use of a 10b5-1 plan and the commitment to provide transaction details on request demonstrate procedural transparency, though investors may still note insider liquidity events.

Insider Trade Summary

Net Seller: 7,665 shares ($1,259,377)

Net Sell 3 txns

Insider Farquhar Scott

Role Director, 10% Owner

Sold 7,665 shs ($1.26M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	1,400	$163.6464	$229K
Sale	Class A Common Stock	5,796	$164.3954	$953K
Sale	Class A Common Stock	469	$165.11	$77K

Holdings After Transaction: Class A Common Stock — 213,220 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 $163.02 to $164.01. 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 $164.02 to $165.00. 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 $165.03 to $165.21. 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 →

08/22/2025 - 04:51 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)
08/21/2025

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	08/21/2025		S⁽¹⁾		1,400	D	$163.6464⁽²⁾	213,220	I	See Footnote⁽³⁾
Class A Common Stock	08/21/2025		S⁽¹⁾		5,796	D	$164.3954⁽⁴⁾	207,424	I	See Footnote⁽³⁾
Class A Common Stock	08/21/2025		S⁽¹⁾		469	D	$165.11⁽⁵⁾	206,955	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 $163.02 to $164.01. 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 $164.02 to $165.00. 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 $165.03 to $165.21. 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	08/22/2025
	** 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

How many TEAM shares did Farquhar Scott sell?

7,665 shares were sold across three transactions (1,400; 5,796; 469).

Were the sales prearranged under a 10b5-1 plan?

Yes. The trades were made pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025.

What weighted-average prices were reported for the sales?

$163.6464, $164.3954, and $165.11 for the respective transactions.

How many TEAM shares does Farquhar Investment Partnership No. 2 beneficially own after the sales?

206,955 shares are reported as beneficially owned following the transactions.

Was the filing made for direct or indirect ownership?

Indirect ownership is reported; shares are held through Farquhar Investment Partnership No. 2.