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TEAM insider Farquhar Scott reduces stake to 114,975 shares after planned sales

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

Rhea-AI Filing Summary

Farquhar Scott, a director and >10% owner of Atlassian Corporation (TEAM), sold multiple blocks of Class A common stock under a Rule 10b5-1 trading plan. On 09/09/2025 Mr. Scott disposed of 7,665 shares in several intraday trades at prices reported as weighted averages for each block, with execution price ranges across trades from about $175.05 to $182.79. The filings show shares are held through Farquhar Investment Partnership No. 2 and that the 10b5-1 plan was adopted on February 12, 2025. Following these transactions his reported beneficial ownership declined to 114,975 Class A shares.

Positive

  • Sales executed under a Rule 10b5-1 plan, which documents prearranged trades and supports compliance/transparency
  • Detailed execution ranges and weighted-average prices provided for each block, enabling clear auditability

Negative

  • Insider disposed of 7,665 Class A shares, reducing reported beneficial ownership from ~121,640 to 114,975 shares
  • Concentrated intraday selling could be interpreted by some market participants as a decrease in insider holdings

Insights

TL;DR: Insider sold 7,665 TEAM shares under a pre-existing 10b5-1 plan; transactions were executed across a $175–$183 price band.

The disclosed sales were executed pursuant to a Rule 10b5-1 plan adopted February 12, 2025, which indicates prearranged dispositions rather than opportunistic trading. Total reported shares sold on 09/09/2025 equal 7,665, reducing beneficial ownership from roughly 121,640 to 114,975 shares. Prices for the reported blocks show weighted-average prices per block and execution ranges between approximately $175.05 and $182.79. For investors, these are routine insider liquidity transactions with clear documentation; they do not on their face disclose new company information or operational changes.

TL;DR: Sales were conducted under a documented 10b5-1 plan, providing procedural compliance and mitigated insider trading concerns.

The report includes the required explanation that the trades were made pursuant to a Rule 10b5-1 trading plan and notes the partnership vehicle holding the shares. That procedural transparency is governance-positive because it provides an affirmative defense and allows counterparties and regulators to request detailed execution data. The filing contains the standard signed attestation by an attorney-in-fact, consistent with Form 4 requirements.

Insider Farquhar Scott
Role Director, 10% Owner
Sold 7,665 shs ($1.38M)
Type Security Shares Price Value
Sale Class A Common Stock 1,000 $181.5525 $182K
Sale Class A Common Stock 2,819 $179.8636 $507K
Sale Class A Common Stock 100 $177.25 $18K
Sale Class A Common Stock 435 $178.678 $78K
Sale Class A Common Stock 50 $175.82 $9K
Sale Class A Common Stock 2,355 $180.6766 $425K
Sale Class A Common Stock 906 $182.4647 $165K
Holdings After Transaction: Class A Common Stock — 121,640 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 $181.18 to $182.16. 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 $179.15 to $180.12. 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 $177.05 to $177.45. 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 $178.15 to $179.13. 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 $180.18 to $181.17. 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 $182.19 to $182.79. 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)
09/09/2025
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 09/09/2025 S(1) 1,000 D $181.5525(2) 121,640 I See Footnote(3)
Class A Common Stock 09/09/2025 S(1) 2,819 D $179.8636(4) 118,821 I See Footnote(3)
Class A Common Stock 09/09/2025 S(1) 100 D $177.25(5) 118,721 I See Footnote(3)
Class A Common Stock 09/09/2025 S(1) 435 D $178.678(6) 118,286 I See Footnote(3)
Class A Common Stock 09/09/2025 S(1) 50 D $175.82 118,236 I See Footnote(3)
Class A Common Stock 09/09/2025 S(1) 2,355 D $180.6766(7) 115,881 I See Footnote(3)
Class A Common Stock 09/09/2025 S(1) 906 D $182.4647(8) 114,975 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 $181.18 to $182.16. 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 $179.15 to $180.12. 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.
5. This transaction was executed in multiple trades during the day at prices ranging from $177.05 to $177.45. 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 $178.15 to $179.13. 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.
7. This transaction was executed in multiple trades during the day at prices ranging from $180.18 to $181.17. 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 $182.19 to $182.79. 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 /Drew Parkes, Attorney-in-Fact for Farquhar Scott 09/10/2025
** 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 file on Form 4 for TEAM?

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

How did these transactions change Scott's beneficial ownership of TEAM?

Beneficial ownership declined to 114,975 Class A shares from the higher pre-sale amounts shown in the filing (e.g., ~121,640).

Were the trades part of a prearranged plan?

Yes. The Form 4 states the transactions were effected pursuant to a 10b5-1 trading plan adopted February 12, 2025.

At what prices were the TEAM shares sold?

Reported weighted-average prices per block ranged around $175.82 to $182.4647, with execution price ranges roughly $175.05 to $182.79 across trades.

Who holds the shares reported in the filing?

Shares are held by Farquhar Investment Partnership No. 2, as disclosed in the Form 4 footnotes.