Atlassian (TEAM) insider sells 7,665 shares under 10b5-1 plan

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.

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

Corporate Governance Expert

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.

Securities Analyst

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

Net Seller: 7,665 shares

Net Sell 3 txns

Insider Farquhar Scott

Role Director, 10% Owner

Sold 7,665 shs ($1.32M)

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

Holdings After Transaction: Class A Common Stock — 122,640 shares (Indirect, See Footnote)

Footnotes (5)

1. F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 12, 2025.
2. F2. 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.
3. F3. Shares are held by Farquhar Investment Partnership No. 2.
4. F4. 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.
5. F5. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Farquhar Scott report on Form 4 for TEAM?

He reported sales of 7,665 Class A shares on 09/08/2025 executed under a Rule 10b5-1 trading plan and held indirectly via Farquhar Investment Partnership No. 2.

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

Yes. The Form 4 states the trading plan was adopted on February 12, 2025.

What prices were reported for the sales of TEAM shares?

Weighted-average prices reported: $172.1602, $171.2305 and $170.386 for the three reported tranches executed on 09/08/2025.

How many shares did beneficial ownership decline to after the transactions?

Beneficial ownership reported after each sale: 126,604; 123,420; and 122,640 shares respectively.

Are there any derivative transactions reported in this Form 4?

No. Table II (derivative securities) shows no reported acquisitions or dispositions in this filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/09/2025 - 05:56 PM Learn about SEC filing dates

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)
09/08/2025

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	09/08/2025		S(1)		3,701	D	$172.1602(2)	126,604	I	See Footnote(3)
Class A Common Stock	09/08/2025		S(1)		3,184	D	$171.2305(4)	123,420	I	See Footnote(3)
Class A Common Stock	09/08/2025		S(1)		780	D	$170.386(5)	122,640	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 $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.

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 $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.

5. 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.

Remarks:

	/s /Drew Parkes, Attorney-in-Fact for Farquhar Scott	09/09/2025
	** 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.