TEAM director Farquhar Scott reports 7,665-share sale via 10b5-1 plan
Rhea-AI Filing Summary
Farquhar Scott, a director and reported 10% owner of Atlassian Corporation (TEAM), sold 7,665 shares of Class A common stock on 09/08/2025 under a pre-existing Rule 10b5-1 trading plan. The sales executed in multiple trades produced weighted-average prices of $172.1602, $171.2305 and $170.386, respectively. After the transactions, the filings show beneficial ownership reported as 126,604, 123,420 and 122,640 shares following each separate reported sale. The Form 4 discloses the transactions were effected pursuant to a 10b5-1 plan adopted on February 12, 2025, and that shares are held by Farquhar Investment Partnership No. 2.
Positive
- Transactions were executed pursuant to a Rule 10b5-1 trading plan, providing an affirmative defense and indicating pre-planned trading
- Weighted-average prices and share counts are disclosed, enhancing transparency for investors and regulators
- Filer commits to provide detailed execution data upon request, which supports verification of reported averages
Negative
- Director and 10% owner sold 7,665 Class A shares, reducing beneficial ownership from reported prior levels
- Multiple sales on a single day may draw investor attention despite being under a 10b5-1 plan
Insights
TL;DR: Routine insider sales under a pre-established 10b5-1 plan; disclosure follows standard SEC practice.
The reporting shows an officer/director and 10% owner executed multiple sales under a Rule 10b5-1 plan, which provides an affirmative defense against allegations of trading on material non-public information when properly adopted. The filing identifies the trading plan adoption date and weighted-average execution prices, and lists the shares as held by an investment partnership, consistent with indirect ownership disclosure norms. No amendments or derivative transactions are reported.
TL;DR: Insider sold 7,665 TEAM shares across three executions at ~$170–$172; transactions are disclosed clearly.
The Form 4 reports three separate sell transactions totaling 7,665 Class A shares on 09/08/2025 with weighted-average prices reported for each tranche. Post-sale beneficial ownership counts are provided after each sale. The filer also affirms readiness to provide detailed trade-level execution data upon request, which supports transparency. There are no reported option exercises, grants, or purchases in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 3,701 | $172.1602 | $637K |
| Sale | Class A Common Stock | 3,184 | $171.2305 | $545K |
| Sale | Class A Common Stock | 780 | $170.386 | $133K |
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 $171.71 to $172.66. 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 $170.69 to $171.68. 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 $169.69 to $170.68. 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.
