[Form 4] Atlassian Corporation Insider Trading Activity

Rhea-AI Filing Summary

Atlassian (NASDAQ:TEAM) filed a Form 4 disclosing that co-founder, director and 10% owner Scott Farquhar sold 7,665 Class A shares on 26 Jun 2025 pursuant to a Rule 10b5-1 plan. Sale prices ranged from $196.79–$200.39, with weighted-average figures reported for each tranche, generating proceeds of roughly $1.5 million. Following the transactions, Farquhar, through Farquhar Investment Partnership No. 2, indirectly holds 15,330 shares, down from 22,995. No derivative trades were reported.

Positive

• None.

Negative

• Founder and 10% owner Scott Farquhar sold 7,665 Class A shares (~$1.5 M), cutting his indirect holding from 22,995 to 15,330 shares.

Insights

Insider Transaction Analyst

TL;DR: Large founder sale signals potential sentiment shift despite 10b5-1 cover.

The disposal of 7,665 shares—about one-third of the partnership’s stake—by a 10% owner is material. Although executed under a pre-arranged 10b5-1 plan, the magnitude (≈$1.5 M) compresses alignment between the founder and public holders. The absence of offsetting acquisitions or option exercises removes mitigating context. Investors often interpret multi-tranche founder sales near $200 as a valuation check, particularly ahead of the next earnings window. Liquidity impact is negligible given TEAM’s float, but sentiment risk is tangible, especially if sales continue. Monitor forthcoming Forms 4 for pattern confirmation.

Portfolio Manager

TL;DR: Modest cash-out; watch for repeated selling before drawing conclusions.

While $1.5 M is immaterial to TEAM’s market cap, insider transactions by vision-setting founders warrant attention. The sale reduces Farquhar’s partnership position to 15,330 shares, but he still controls substantial voting power via super-voting Class B stock not covered here. Therefore, governance influence remains intact. The 10b5-1 plan reduces likelihood of information asymmetry, tempering bearish interpretation. Unless this filing becomes part of a sustained selling trend or coincides with downward guidance, immediate portfolio action may be unwarranted. Keep the trade in context of overall insider activity and upcoming Q4 results.

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)
06/26/2025

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	06/26/2025		S(1)		1,950	D	$197.9958(2)	21,045	I	See Footnote(3)
Class A Common Stock	06/26/2025		S(1)		3,569	D	$198.6135(4)	17,476	I	See Footnote(3)
Class A Common Stock	06/26/2025		S(1)		1,396	D	$199.7615(5)	16,080	I	See Footnote(3)
Class A Common Stock	06/26/2025		S(1)		700	D	$196.7883(6)	15,380	I	See Footnote(3)
Class A Common Stock	06/26/2025		S(1)		50	D	$200.39	15,330	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 $197.29 to $198.28. 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 $198.30 to $199.27. 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 $199.30 to $200.21. 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 $196.25 to $197.15. 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	06/27/2025
	** 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 Atlassian (TEAM) shares did Scott Farquhar sell on 26-Jun-2025?

He sold a total of 7,665 Class A shares across five transactions.

What was the weighted-average sale price for TEAM shares sold?

Weighted-average prices ranged from $196.79 to $200.39 per share, depending on each tranche.

Does the filing indicate the sale was under a 10b5-1 plan?

Yes. Footnote 1 states the transactions were executed under a Rule 10b5-1 trading plan adopted on 12-Feb-2025.

How many TEAM shares does Farquhar own after the sale?

He indirectly beneficially owns 15,330 Class A shares through Farquhar Investment Partnership No. 2.

Were any derivative securities involved in this Form 4?

No. Table II shows no derivative transactions during the reporting period.