[Form 4] Atlassian Corporation Insider Trading Activity

Rhea-AI Filing Summary

On 07/25/2025 Atlassian Corp. (TEAM) co-founder, Director and 10% owner Scott Farquhar sold an aggregate 7,665 Class A shares across four open-market transactions executed under a Rule 10b5-1 plan adopted 12 Feb 2025. Weighted-average prices ranged from $200.16–$203.64, producing roughly $1.55 million in proceeds. Following the sales, Farquhar—through Farquhar Investment Partnership No. 2—continues to hold 352,590 Class A shares (≈$71 million at the sale price), indicating ongoing exposure. No derivative securities were reported. The activity trims his indirect stake by about 2.1% and appears routine diversification rather than a signal of changing company fundamentals.

Positive

• Sales executed under a pre-arranged Rule 10b5-1 plan, minimizing potential market-timing concerns.
• Insider still holds 352,590 shares, maintaining significant alignment with shareholder interests.

Negative

• Director and 10% owner reduced his stake by 7,665 shares, which may be viewed negatively by some investors.
• All reported transactions were sales with no offsetting insider purchases, offering no positive counter-signal.

Insights

Equity Analyst

TL;DR: Small, planned insider sale; minimal impact on investment thesis.

7,665 shares represent ~2% of Farquhar’s indirect holdings and <0.2% of total Class A float, so market impact is negligible. Execution under a 10b5-1 plan reduces signaling risk. The retained 352,590-share position suggests continued commitment. I view the filing as neutral; no revision to valuation or outlook warranted.

Corporate Governance Specialist

TL;DR: Insider selling always merits monitoring, but plan-based nature tempers concern.

While any director sale can raise governance questions, the pre-scheduled 10b5-1 structure and modest size mitigate red flags. Investors should watch for accelerating sales or plan amendments, yet this single event does not imply adverse insider information. Overall governance risk remains low.

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).

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)
07/25/2025

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	07/25/2025		S(1)		688	D	$203.4097(2)	359,567	I	See Footnote(3)
Class A Common Stock	07/25/2025		S(1)		800	D	$200.572(4)	358,767	I	See Footnote(3)
Class A Common Stock	07/25/2025		S(1)		782	D	$201.8657(5)	357,985	I	See Footnote(3)
Class A Common Stock	07/25/2025		S(1)		5,395	D	$202.8341(6)	352,590	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 $203.31 to $203.64. 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 $200.16 to $201.14. 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 $201.29 to $202.21. 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.

6. This transaction was executed in multiple trades during the day at prices ranging from $202.29 to $203.27. 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	07/28/2025
	** 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.
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FAQ

How many TEAM shares did Scott Farquhar sell on 25 July 2025?

He sold 7,665 Class A shares in four separate transactions.

What price range did the Atlassian insider sales occur at?

Weighted-average prices ranged from $200.16 to $203.64 per share.

Does Scott Farquhar still own TEAM stock after these transactions?

Yes. He continues to hold 352,590 Class A shares indirectly through Farquhar Investment Partnership No. 2.

Was the sale executed under a 10b5-1 trading plan?

Yes. The Form 4 states the trades were made under a plan adopted on 12 Feb 2025.

Were any derivative securities involved in this Form 4 filing?

No. The filing lists no derivative transactions.

What percentage of Farquhar’s holdings did the sale represent?

Approximately 2.1 % of his indirect Class A shareholding.