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TEAM insider Farquhar Scott disposes 7,665 Class A shares via 10b5-1

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

Rhea-AI Filing Summary

Atlassian director and reported 10% owner Farquhar Scott sold 7,665 shares of Class A common stock on 09/10/2025 under a pre-established Rule 10b5-1 trading plan adopted February 12, 2025. The sales occurred in multiple tranches with weighted-average prices reported for each tranche ranging roughly from $173.86 to $181.86 per share. After these transactions, the reporting person beneficially owned 107,310 shares indirectly through Farquhar Investment Partnership No. 2. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.

Positive

  • Transactions executed under a pre-established Rule 10b5-1 trading plan, which can reduce concerns about opportunistic timing.
  • Complete disclosure of indirect ownership through Farquhar Investment Partnership No. 2 and post-transaction beneficial ownership amount (107,310 shares).
  • Weighted-average prices provided for each tranche and willingness to disclose detailed trade-level information upon request.

Negative

  • Director and 10% owner sold 7,665 shares, which is a reduction in beneficial holdings and may be viewed negatively by some investors.
  • Sales concentrated on a single day (09/10/2025), which could draw attention despite being executed under a 10b5-1 plan.

Insights

TL;DR: Director sold 7,665 TEAM shares via a 10b5-1 plan; proceeds likely routine rather than event-driven.

The filing documents multiple open-market dispositions executed on 09/10/2025 under a Rule 10b5-1 plan adopted on 02/12/2025, totaling 7,665 Class A shares sold in separate tranches at weighted-average prices between approximately $173.86 and $181.86. Post-sale indirect beneficial ownership is reported at 107,310 shares held in Farquhar Investment Partnership No. 2. For investors, the key takeaway is the use of a pre-established trading plan, which typically limits informational interpretation of the timing of sales.

TL;DR: Insider used a documented 10b5-1 plan; disclosure is complete and shows indirect holdings after transactions.

The Form 4 correctly discloses the reporting person as both a director and a 10% owner and identifies the indirect ownership vehicle. Multiple disposition lines include weighted-average prices and a commitment to provide transaction details on request. The filing is procedurally compliant and transparent about the plan-driven nature of the trades.

Insider Farquhar Scott
Role Director, 10% Owner
Sold 7,665 shs ($1.35M)
Type Security Shares Price Value
Sale Class A Common Stock 100 $179.2568 $18K
Sale Class A Common Stock 350 $180.7826 $63K
Sale Class A Common Stock 250 $177.016 $44K
Sale Class A Common Stock 2,131 $173.8601 $370K
Sale Class A Common Stock 400 $181.8563 $73K
Sale Class A Common Stock 200 $178.2976 $36K
Sale Class A Common Stock 2,651 $175.7832 $466K
Sale Class A Common Stock 1,583 $174.8955 $277K
Holdings After Transaction: Class A Common Stock — 114,875 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 $174.33 to $175.32. 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 $178.81 to $179.72. 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 $180.58 to $181.21. 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. This transaction was executed in multiple trades during the day at prices ranging from $176.61 to $177.23. 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 $173.33 to $174.32. 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 $181.65 to $182.11. 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 $177.77 to $178.57. 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 $175.33 to $176.21. 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.
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)
09/10/2025
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 09/10/2025 S(1) 100 D $179.2568(2) 114,875 I See Footnote(3)
Class A Common Stock 09/10/2025 S(1) 350 D $180.7826(4) 114,525 I See Footnote(3)
Class A Common Stock 09/10/2025 S(1) 250 D $177.016(5) 114,275 I See Footnote(3)
Class A Common Stock 09/10/2025 S(1) 2,131 D $173.8601(6) 112,144 I See Footnote(3)
Class A Common Stock 09/10/2025 S(1) 400 D $181.8563(7) 111,744 I See Footnote(3)
Class A Common Stock 09/10/2025 S(1) 200 D $178.2976(8) 111,544 I See Footnote(3)
Class A Common Stock 09/10/2025 S(1) 2,651 D $175.7832(9) 108,893 I See Footnote(3)
Class A Common Stock 09/10/2025 S(1) 1,583 D $174.8955(10) 107,310 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 $178.81 to $179.72. 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 $180.58 to $181.21. 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.
5. This transaction was executed in multiple trades during the day at prices ranging from $176.61 to $177.23. 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 $173.33 to $174.32. 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 $181.65 to $182.11. 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 $177.77 to $178.57. 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 $175.33 to $176.21. 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.
10. This transaction was executed in multiple trades during the day at prices ranging from $174.33 to $175.32. 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 09/11/2025
** 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 Farquhar Scott report in the Form 4 for TEAM?

The Form 4 reports that Farquhar Scott sold 7,665 Class A shares on 09/10/2025 under a Rule 10b5-1 plan; post-sale indirect ownership is 107,310 shares.

Were the sales executed under a 10b5-1 trading plan for TEAM insider trades?

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

Through what vehicle does Farquhar Scott hold TEAM shares?

The filing discloses that the shares are held indirectly through Farquhar Investment Partnership No. 2.

What price range were the TEAM shares sold at on 09/10/2025?

Reported weighted-average prices for tranches fall roughly between $173.86 and $181.86 per share, with tranche-specific price ranges disclosed in the footnotes.

Who signed the Form 4 for Farquhar Scott?

The Form 4 was signed by /s/ Drew Parkes, Attorney-in-Fact for Farquhar Scott on 09/11/2025.