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Scott Farquhar Disposes 7,665 TEAM Shares via 10b5-1 Plan on 08/13/2025

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

Rhea-AI Filing Summary

Atlassian director and >10% owner Scott Farquhar sold 7,665 shares of Class A common stock on 08/13/2025 under a Rule 10b5-1 trading plan adopted February 12, 2025. The transactions occurred in multiple trades with execution prices ranging roughly from $156.91 to $164.07 across the separate lots reported, producing weighted-average prices shown for each lot. Shares are held indirectly through Farquhar Investment Partnership No. 2 and the filing shows 257,899 down to 252,945 shares beneficially owned following the reported sales, with the final reported indirect holding of 252,945.

Positive

  • Transactions executed pursuant to a Rule 10b5-1 trading plan, indicating pre-arranged sales rather than opportunistic trading
  • Detailed execution ranges and weighted-average prices provided, with an undertaking to supply full trade-level details upon request

Negative

  • Insider sold 7,665 shares on a single day, which reduces beneficial ownership from prior levels to 252,945 shares
  • All holdings are indirect through a partnership, which may limit transparency into ultimate individual ownership intent

Insights

TL;DR: Routine insider sales under a pre-existing 10b5-1 plan; not an unexpected liquidity event.

The transactions are clearly executed pursuant to a Rule 10b5-1 plan established on February 12, 2025, which reduces the likelihood that these sales signal new company-specific information. Total shares sold on the single date sum to 7,665 across multiple price ranges from approximately $156.91 to $164.07. The filings show indirect ownership via a partnership, with the final reported indirect holdings at 252,945 shares. For investors, this represents a documented insider disposition rather than an operational development.

TL;DR: Sales appear compliant and documented; governance disclosure is complete for Section 16 purposes.

The Form 4 discloses the reporting persons status as both a director and a >10% owner and includes required explanatory footnotes detailing execution price ranges and the 10b5-1 plan. The filing is signed by an attorney-in-fact, and indirect ownership through Farquhar Investment Partnership No. 2 is identified. From a governance perspective, the filing meets disclosure norms for planned insider transactions.

Insider Farquhar Scott
Role Director, 10% Owner
Sold 7,665 shs ($1.24M)
Type Security Shares Price Value
Sale Class A Common Stock 2,711 $161.9713 $439K
Sale Class A Common Stock 400 $157.4644 $63K
Sale Class A Common Stock 150 $158.18 $24K
Sale Class A Common Stock 500 $159.694 $80K
Sale Class A Common Stock 2,350 $162.7275 $382K
Sale Class A Common Stock 772 $160.7109 $124K
Sale Class A Common Stock 782 $163.7895 $128K
Holdings After Transaction: Class A Common Stock — 257,899 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 $161.41 to $162.40. 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 $156.91 to $157.90. 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 $158.06 to $158.40. 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 $159.25 to $160.15. 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. This transaction was executed in multiple trades during the day at prices ranging from $162.42 to $163.39. 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 $160.25 to $161.24. 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 $163.42 to $164.07. 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)
08/13/2025
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 08/13/2025 S(1) 2,711 D $161.9713(2) 257,899 I See Footnote(3)
Class A Common Stock 08/13/2025 S(1) 400 D $157.4644(4) 257,499 I See Footnote(3)
Class A Common Stock 08/13/2025 S(1) 150 D $158.18(5) 257,349 I See Footnote(3)
Class A Common Stock 08/13/2025 S(1) 500 D $159.694(6) 256,849 I See Footnote(3)
Class A Common Stock 08/13/2025 S(1) 2,350 D $162.7275(7) 254,499 I See Footnote(3)
Class A Common Stock 08/13/2025 S(1) 772 D $160.7109(8) 253,727 I See Footnote(3)
Class A Common Stock 08/13/2025 S(1) 782 D $163.7895(9) 252,945 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 $161.41 to $162.40. 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 $156.91 to $157.90. 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 $158.06 to $158.40. 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 $159.25 to $160.15. 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.
7. This transaction was executed in multiple trades during the day at prices ranging from $162.42 to $163.39. 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.
8. This transaction was executed in multiple trades during the day at prices ranging from $160.25 to $161.24. 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.
9. This transaction was executed in multiple trades during the day at prices ranging from $163.42 to $164.07. 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 08/14/2025
** 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

What did Scott Farquhar sell on 08/13/2025 in TEAM?

He sold a total of 7,665 shares of Class A common stock on 08/13/2025 across multiple trades under a 10b5-1 plan.

Were the sales part of a pre-arranged trading plan for TEAM insider?

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

What price range were the TEAM shares sold at?

Reported execution price ranges across lots were approximately $156.91 to $164.07, with weighted-average prices shown for each lot.

How many TEAM shares does Farquhar beneficially own after the sales?

The filing reports indirect beneficial ownership levels culminating at 252,945 shares following the reported transactions.

Through what entity are the TEAM shares held?

Shares are held indirectly through Farquhar Investment Partnership No. 2, as disclosed in the Form 4.