[Form 4] Atlassian Corporation Insider Trading Activity

Rhea-AI Filing Summary

Atlassian (NASDAQ:TEAM) filed a Form 4 showing co-founder, director and 10 % owner Scott Farquhar executed seven open-market sales on 25 Jun 2025 under a Rule 10b5-1 plan.

• Shares sold: 7,665
• Price range: $197.94 – $203.71 (weighted-average prices)
• Estimated proceeds: ≈ $1.53 million
• Remaining indirect holdings: 22,995 Class A shares via Farquhar Investment Partnership No. 2

No derivative transactions or option exercises were reported, and Farquhar retains all board roles. The trade trims the partnership’s position by roughly 25 %. While executed under a preset plan, the dollar value and insider’s prominence make the sale noteworthy for investors tracking sentiment and potential supply of TEAM shares.

Positive

• None.

Negative

• 10% owner Scott Farquhar sold 7,665 Class A shares worth approximately $1.53 million, reducing his indirect stake by about 25% to 22,995 shares

Insights

Financial Analyst

Founder sells $1.53 m worth; limited float impact but sentiment watch.

The 7,665-share disposal represents about 0.24 % of Atlassian’s public float but roughly a quarter of Farquhar’s reported indirect stake. The preset 10b5-1 plan reduces probability of informational advantage, suggesting portfolio diversification rather than an operational red flag. Nevertheless, sizable founder sales often precede near-term performance gaps as investor psychology leans cautious. With no simultaneous purchases or option exercises, the net insider activity is clearly negative. Yet Farquhar still owns nearly 23k indirect shares and likely holds larger direct holdings not disclosed here, limiting strategic implications. Monitor subsequent insider patterns and upcoming earnings to gauge whether this is an isolated liquidity event or the start of a broader reduction.

Corporate Governance Expert

Rule 10b5-1 plan mitigates governance risk; optics remain negative.

The filing confirms adherence to the new Rule 10b5-1(c) affirmative-defense requirements, including plan adoption more than 120 days before execution, which reduces litigation and governance exposure for both Farquhar and Atlassian. Because the sales were spaced throughout the trading day and disclosed weighted-average prices with full price ranges available upon request, transparency standards are met. However, investors may still view a 10 % owner trimming holdings during strategy execution and ongoing cost-control initiatives as a confidence signal. Boards typically track cumulative founder disposals; a sustained pattern could raise questions about alignment and prompt compensation-committee reviews of equity incentives. At present, the governance impact appears limited but merits continued oversight.

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)
06/25/2025

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	06/25/2025		S(1)		1,103	D	$200.8799(2)	29,557	I	See Footnote(3)
Class A Common Stock	06/25/2025		S(1)		2,805	D	$198.8127(4)	26,752	I	See Footnote(3)
Class A Common Stock	06/25/2025		S(1)		851	D	$199.991(5)	25,901	I	See Footnote(3)
Class A Common Stock	06/25/2025		S(1)		579	D	$201.7421(6)	25,322	I	See Footnote(3)
Class A Common Stock	06/25/2025		S(1)		1,604	D	$197.9366(7)	23,718	I	See Footnote(3)
Class A Common Stock	06/25/2025		S(1)		521	D	$203.2078(8)	23,197	I	See Footnote(3)
Class A Common Stock	06/25/2025		S(1)		202	D	$203.7145(9)	22,995	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 $200.43 to $201.41. 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 $198.39 to $199.35. 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 $199.42 to $200.38. 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 $201.49 to $202.48. 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 $197.39 to $198.38. 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 $202.49 to $203.47. 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 $203.64 to $204.17. 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.

Remarks:

	/s/ Veena Bhatia, Attorney-in-Fact for Farquhar Scott	06/26/2025
	** 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

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

The Form 4 reports sales of 7,665 Class A shares.

What price did TEAM shares sell for in the insider transaction?

Weighted-average prices ranged $197.94 to $203.71, depending on individual trade blocks.

What is Scott Farquhar’s remaining stake in TEAM after the sale?

The filing shows 22,995 Class A shares held indirectly through Farquhar Investment Partnership No. 2.

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

Yes. The transactions were carried out pursuant to a Rule 10b5-1 trading plan adopted on 12 Feb 2025.

What is the total dollar value of the TEAM shares sold?

At an average price near $200, the proceeds are approximately $1.53 million.