[Form 4] Atlassian Corporation Insider Trading Activity

Rhea-AI Filing Summary

Atlassian Corp (TEAM) director and >10% owner Farquhar Scott reported multiple open-market sales of Class A common stock on 08/27/2025 under a Rule 10b5-1 trading plan adopted Feb 12, 2025. The transactions include sales of 3,854; 50; 250; 2,961; 100; and 450 shares at weighted-average prices shown per lot, reducing indirect beneficial ownership held by Farquhar Investment Partnership No. 2 to 176,295 shares after the reported trades. The filer certified the trades were executed pursuant to the disclosed 10b5-1 plan and provided pricing ranges for each lot.

The Form 4 is a routine Section 16 disclosure of insider sales executed under a pre-established plan and was signed by an attorney-in-fact on 08/28/2025.

Positive

• Transactions executed under a Rule 10b5-1 trading plan, indicating pre-planned sales rather than opportunistic trading
• Detailed disclosure of price ranges and weighted-average prices, enhancing transparency
• Reporting person disclosed status as Director and >10% owner, meeting Section 16 reporting requirements

Negative

• Director reported multiple open-market sales, reducing indirect beneficial ownership to 176,295 shares

Insights

Financial Analyst

TL;DR: Director sold small blocks under a 10b5-1 plan; disclosure is routine and unlikely to materially change TEAM's fundamentals.

The reported sales on 08/27/2025 total 7,665 shares across six lots at weighted-average prices disclosed per lot and by price ranges. The transactions were executed under a Rule 10b5-1 trading plan adopted Feb 12, 2025, which reduces concerns about opportunistic timing. Remaining indirect ownership is reported as 176,295 shares held by Farquhar Investment Partnership No. 2. For investors, this is a transparency event rather than new operational or financial information about Atlassian's business performance.

Corporate Governance Expert

TL;DR: Use of a documented 10b5-1 plan and full price-range disclosure aligns with good governance and insider trading controls.

The Form 4 discloses that the reporting person is both a director and a >10% owner and that the trades were made pursuant to a pre-established 10b5-1 plan, which provides an affirmative defense against insider trading claims if properly adopted. The filing includes detailed price ranges and offers to provide execution details on request, demonstrating procedural transparency. This is consistent with strong compliance practices for insider transactions.

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)
08/27/2025

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	08/27/2025		S(1)		3,854	D	$171.1401(2)	180,106	I	See Footnote(3)
Class A Common Stock	08/27/2025		S(1)		50	D	$166.21	180,056	I	See Footnote(3)
Class A Common Stock	08/27/2025		S(1)		250	D	$170.25(4)	179,806	I	See Footnote(3)
Class A Common Stock	08/27/2025		S(1)		2,961	D	$171.8746(5)	176,845	I	See Footnote(3)
Class A Common Stock	08/27/2025		S(1)		100	D	$168.555(6)	176,745	I	See Footnote(3)
Class A Common Stock	08/27/2025		S(1)		450	D	$167.7672(7)	176,295	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 $170.61 to $171.60. 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 $169.61 to $170.59. 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 $171.61 to $172.50. 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 $168.46 to $168.65. 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 $167.34 to $168.31. 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	08/28/2025
	** 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.
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

What did Farquhar Scott report on Form 4 for TEAM?

He reported multiple sales of Class A common stock on 08/27/2025 executed under a Rule 10b5-1 trading plan, reducing indirect holdings to 176,295 shares.

Were the sales made under a pre-established plan?

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

How many shares were sold and at what prices?

Six lots totaling 7,665 shares were sold on 08/27/2025 with weighted-average prices and disclosed execution price ranges for each lot.

Who holds the remaining shares reported after the transactions?

Shares are held by Farquhar Investment Partnership No. 2, which is the indirect holder reported on the Form 4.

Does this Form 4 indicate any derivative transactions?

No. Table II for derivative securities contains no reported derivative transactions in this filing.