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TEAM Form 4: Director Farquhar Scott reports 7,665-share sale via 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Filing overview: This Form 4 reports that Farquhar Scott, a director and >10% owner of Atlassian Corporation (TEAM), executed multiple sales of Class A common stock on 09/02/2025 under a Rule 10b5-1 trading plan adopted on 02/12/2025. The filing shows four sale entries totaling 7,665 shares sold in separate batches with weighted-average prices reported as $174.183, $172.3002, $172.9282 and $174.6363 respectively. Shares are held indirectly through Farquhar Investment Partnership No. 2, and beneficial ownership after the transactions is reported as 153,300 shares (indirect). The Form was signed by an attorney-in-fact on 09/03/2025.

Positive

  • Trades executed under a Rule 10b5-1 plan, indicating pre-arranged transactions rather than opportunistic insider timing
  • Complete disclosure of execution price ranges and weighted-average prices for each tranche, with an undertaking to provide full trade details upon request
  • Reporting person identified as director and >10% owner, and indirect holdings clearly disclosed through Farquhar Investment Partnership No. 2

Negative

  • Insider disposition of 7,665 shares on a single day (09/02/2025), which reduces the reporting person's indirect holdings
  • Material change in share count—beneficial ownership after trades is reported as 153,300 shares (indirect), reflecting a decrease from prior holdings

Insights

TL;DR: Insider sold 7,665 TEAM shares under a pre-set 10b5-1 plan; ownership remains indirect at 153,300 shares.

The transactions were executed pursuant to a Rule 10b5-1 plan, which indicates pre-arranged dispositions rather than opportunistic trading. Total disclosed disposals equal 7,665 Class A shares on 09/02/2025 split across four tranches with reported weighted-average prices per tranche. The filing clarifies that the shares are held indirectly by Farquhar Investment Partnership No. 2 and that the filer is both a director and >10% owner, which requires Section 16 reporting. The Form is routine for insiders who trade under an approved plan.

TL;DR: Use of a documented 10b5-1 plan reduces governance concerns; reporting is compliant and timely.

The filing states the trades were effected under a 10b5-1 plan adopted 02/12/2025, and includes execution price ranges and weighted-average prices for each tranche, plus an undertaking to provide full execution details on request. The presence of an attorney-in-fact signature and clear identification of indirect ownership demonstrate adherence to Form 4 protocols. No derivatives or other compensatory changes are reported.

Insider Farquhar Scott
Role Director, 10% Owner
Sold 7,665 shs ($1.33M)
Type Security Shares Price Value
Sale Class A Common Stock 997 $174.183 $174K
Sale Class A Common Stock 2,824 $172.3002 $487K
Sale Class A Common Stock 3,794 $172.9282 $656K
Sale Class A Common Stock 50 $174.6363 $9K
Holdings After Transaction: Class A Common Stock — 159,968 shares (Indirect, See Footnote)
Footnotes (1)
  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 $173.60 to $174.52. 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 $171.59 to $172.58. 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 $172.59 to $173.54. 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 $174.61 to $174.66. 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.
Form 4 Insider Transactions: What Each Field Means →
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)
09/02/2025
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 09/02/2025 S(1) 997 D $174.183(2) 159,968 I See Footnote(3)
Class A Common Stock 09/02/2025 S(1) 2,824 D $172.3002(4) 157,144 I See Footnote(3)
Class A Common Stock 09/02/2025 S(1) 3,794 D $172.9282(5) 153,350 I See Footnote(3)
Class A Common Stock 09/02/2025 S(1) 50 D $174.6363(6) 153,300 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 $173.60 to $174.52. 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 $171.59 to $172.58. 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 $172.59 to $173.54. 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 $174.61 to $174.66. 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.
Remarks:
/s/ Veena Bhatia, Attorney-in-Fact for Farquhar Scott 09/03/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

Who filed this Form 4 for TEAM and what is their relationship to the company?

The filing was made by Farquhar Scott, who is reported as a director and a >10% owner of Atlassian Corporation (TEAM).

How many TEAM shares were sold and on what date?

A total of 7,665 Class A shares were sold on 09/02/2025 in four separate transactions.

Were the trades part of a 10b5-1 plan?

Yes. The filing states the trades were effected pursuant to a Rule 10b5-1 trading plan adopted on 02/12/2025.

What prices were reported for the stock sales?

Weighted-average prices per tranche are reported as $174.183, $172.3002, $172.9282, and $174.6363; execution price ranges for each tranche are also disclosed in the footnotes.

How many shares does the reporting person beneficially own after these transactions?

The filing reports 153,300 shares (indirect) beneficially owned following the reported transactions.