Scott Farquhar reports large TEAM stake (Class A+B) (NASDAQ: TEAM)

Rhea-AI Filing Summary

Atlassian Corporation reports a Schedule 13G/A disclosing Scott Farquhar's beneficial ownership. The filing states Farquhar, through Farquhar Investment Partnership No. 2, holds 275,940 shares of Class A Common Stock and 47,066,808 shares of Class B Common Stock. The filing calculates 22.7% of the Class A on a conversion basis using 161,730,398 Class A and 94,133,617 Class B shares outstanding as of March 31, 2026. The filing notes the reporting person has sole voting and dispositive power over 47,342,748 shares and that the combined holdings represent approximately 42.7% of aggregate combined voting power.

Insights

Corporate Governance Analyst

Large dual-class stake reported with high voting concentration.

The filing shows direct record holdings of 275,940 Class A and 47,066,808 Class B shares held by Farquhar Investment Partnership No. 2. The report clarifies voting: Class A = one vote, Class B = ten votes, and the reporting person holds sole voting and dispositive power over 47,342,748 shares.

Key dependencies include the Issuer's certificate provisions on conversion and automatic conversion upon transfer. Subsequent filings could update outstanding share counts or voting calculations.

Securities Compliance Specialist

Schedule 13G/A correctly provides Rule 13d-3 conversion basis for percentage computation.

The filing explicitly states the 22.7% figure was computed under Rule 13d-3 treating Class B as converted for percentage purposes and cites the issuer-provided outstanding share counts as of March 31, 2026. It also notes the percentage does not reflect the ten-for-one voting differential.

Certification and signature are present (signed by attorney-in-fact). Any change in reported holdings or issuer counts will require an amendment.

Key Figures

Class A shares owned: 275,940 shares Class B shares owned: 47,066,808 shares Sole voting/dispositive power: 47,342,748 shares +4 more

7 metrics

Class A shares owned 275,940 shares held of record by Farquhar Investment Partnership No. 2

Class B shares owned 47,066,808 shares held of record by Farquhar Investment Partnership No. 2

Sole voting/dispositive power 47,342,748 shares number of shares with sole vote/dispositive power

Percent of Class A (conversion basis) 22.7% computed under Rule 13d-3 using March 31, 2026 counts

Aggregate combined voting power 42.7% approximate percentage of combined voting power as stated

Class A outstanding 161,730,398 shares outstanding as of March 31, 2026 (issuer-provided)

Class B outstanding 94,133,617 shares outstanding as of March 31, 2026 (issuer-provided)

Key Terms

Rule 13d-3, Class B automatic conversion, Beneficially owned, Aggregate combined voting power

4 terms

Rule 13d-3 regulatory

"The percent of class reflected in Row 11 was calculated based on... pursuant to Rule 13d-3 of the Act."

Rule 13d-3 defines who is treated as the beneficial owner of a company’s shares for U.S. securities disclosure rules — essentially anyone who has the power to vote or direct how shares are voted, or the power to buy or sell them, even if they don’t hold the certificates. For investors this matters because crossing certain ownership thresholds triggers public filing and disclosure obligations and signals potential control or influence, much like having the keys to a car implies you can drive it even if it’s registered to someone else.

Class B automatic conversion financial

"Each share of Class B Common Stock will automatically convert into one share of Class A Common Stock upon any transfer"

Beneficially owned regulatory

"47,066,808 shares of Class B Common Stock beneficially owned by the reporting person"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Aggregate combined voting power financial

"represent approximately 42.7% of the aggregate combined voting power"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 15)

Atlassian Corporation

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

049468101

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 049468101

1

Names of Reporting Persons

Scott Farquhar

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

AUSTRALIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 47,342,748.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 47,342,748.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

47,342,748.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

22.7 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: The shares reflected in Row 9 represent 275,940 shares of Class A Common Stock and 47,066,808 shares of Class B Common Stock held of record by Farquhar Investment Partnership No. 2. The reporting person has sole voting power and sole dispositive power with respect to these shares. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the holder and upon the occurrence of certain other events as described in the Certificate of Incorporation of Atlassian Corporation (the "Issuer"). In addition, each share of Class B Common Stock will automatically convert into one share of Class A Common Stock upon any transfer, except for certain permitted transfers described in the Issuer's Certificate of Incorporation. The percent of class reflected in Row 11 was calculated based on 161,730,398 shares of Class A Common Stock and 94,133,617 shares of Class B Common Stock outstanding as of March 31, 2026, as reported by the Issuer to the reporting person, including the 47,342,748 shares of Class B Common Stock beneficially owned by the reporting person. The shares of Class B Common Stock held by the reporting person are treated as converted into shares of Class A Common Stock only for purposes of computing the percentage ownership of the reporting person pursuant to Rule 13d-3 of the Act. Each share of Class A Common Stock is entitled to one vote and each share of Class B Common Stock is entitled to ten votes. The percentage reported does not reflect the ten for one voting power of the Class B Common Stock. The shares of Class A Common Stock and shares of Class B Common Stock held by the reporting person represent approximately 42.7% of the aggregate combined voting power of the outstanding shares of Class A Common Stock and Class B Common Stock.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Atlassian Corporation
(b)	Address of issuer's principal executive offices: 350 Bush Street, Floor 13, San Francisco, California, 94104
Item 2.
(a)	Name of person filing: Scott Farquhar
(b)	Address or principal business office or, if none, residence: Level 6, 341 George Street, Sydney, NSW 2000, Australia
(c)	Citizenship: Australia
(d)	Title of class of securities: Class A Common Stock
(e)	CUSIP No.: 049468101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 275,940 shares of Class A Common Stock and 47,066,808 shares of Class B Common Stock, held of record by Farquhar Investment Partnership No. 2.
(b)	Percent of class: Represents 22.7% of the outstanding shares of Class A Common Stock. This assumes that beneficially owned shares are treated as converted into shares of Class A Common Stock only for purposes of computing the percentage ownership of the reporting person pursuant to Rule 13d-3 of the Act. The percentage reported does not reflect the ten for one voting power of the Class B Common Stock. The percent of class was calculated based on 161,730,398 shares of Class A Common Stock outstanding as of March 31, 2026, plus 47,066,808 shares of Class B Common Stock beneficially owned by the reporting person.There were 161,730,398 shares of Class A Common Stock and 94,133,617 shares of Class B Common Stock outstanding as of March 31, 2026. The 275,940 shares of Class A Common Stock and 47,066,808 shares of Class B Common Stock held by the reporting person represent approximately 42.7% of the aggregate combined voting power of the outstanding shares of Class A Common Stock and Class B Common Stock.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 47,342,748
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 47,342,748
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Scott Farquhar

Signature:	/s/ Grant Reid
Name/Title:	Grant Reid, Attorney in Fact for Scott Farquhar
Date:	05/15/2026

FAQ

What stake does Scott Farquhar report in TEAM?

Scott Farquhar reports ownership of 275,940 Class A and 47,066,808 Class B shares held of record by Farquhar Investment Partnership No. 2. These figures are stated in the filing as the reported holdings.

How was the 22.7% ownership figure calculated for TEAM?

The filing states the 22.7% was calculated under Rule 13d-3 treating Class B shares as converted, using 161,730,398 Class A and 94,133,617 Class B outstanding as of March 31, 2026.

What voting power does Farquhar control at TEAM?

The filing reports sole voting and dispositive power over 47,342,748 shares and states the reported holdings represent approximately 42.7% of aggregate combined voting power as of March 31, 2026.

Does the percentage ownership reflect Class B voting multipliers?

No. The filing explicitly says the reported 22.7% of Class A does not reflect the ten-for-one voting power of Class B shares; voting power is reported separately as 42.7% aggregate combined voting power.