Major Atlassian (TEAM) holder reports 42.4% combined voting power

Rhea-AI Filing Summary

Atlassian Corporation received an amended Schedule 13G showing that Scott Farquhar beneficially owns 47,534,373 shares of Class B Common Stock, equivalent to 21.8% of the Class A Common Stock on an as-converted basis under Rule 13d-3.

These shares are held through Farquhar Investment Partnership No. 2, with sole voting and dispositive power. As of December 31, 2025, Atlassian had 170,436,795 Class A and 95,068,747 Class B shares outstanding. Each Class B share carries ten votes, so Farquhar’s Class B position represents about 42.4% of the combined voting power of all outstanding Class A and Class B shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 14)

Atlassian Corporation

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

049468101

(CUSIP Number)

12/31/2025

(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)

SCHEDULE 13G

CUSIP No. 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 47,534,373.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 47,534,373.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

47,534,373.00

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)

21.8 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: The shares reflected in Row 9 represent 47,534,373 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 170,436,795 shares of Class A Common Stock and 95,068,747 shares of Class B Common Stock outstanding as of December 31, 2025, as reported by the Issuer to the reporting person, including the 47,534,373 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 B Common Stock held by the reporting person represent approximately 42.4% 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: 47,534,373 shares of Class B Common Stock, held of record by Farquhar Investment Partnership No. 2.
(b)	Percent of class: Represents 21.8% 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 170,436,795 shares of Class A Common Stock outstanding as of December 31, 2025, plus 47,534,373 shares of Class B Common Stock beneficially owned by the reporting person.There were 170,436,795 shares of Class A Common Stock and 95,068,747 shares of Class B Common Stock outstanding as of December 31, 2025. The 47,534,373 shares of Class B Common Stock held by the reporting person represent approximately 42.4% 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: 47,534,373
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 47,534,373
	(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:	02/13/2026

FAQ

What percentage of Atlassian (TEAM) shares does Scott Farquhar beneficially own?

Scott Farquhar beneficially owns 47,534,373 shares of Atlassian Class B Common Stock, representing 21.8% of the Class A Common Stock on an as-converted basis. This percentage is calculated using the share counts outstanding as of December 31, 2025.

How much voting power does Scott Farquhar hold at Atlassian (TEAM)?

Scott Farquhar’s 47,534,373 Class B shares represent approximately 42.4% of Atlassian’s combined voting power. This reflects that each Class B share has ten votes, while each Class A share has one vote, based on shares outstanding December 31, 2025.

How are Scott Farquhar’s Atlassian (TEAM) shares held according to the filing?

The filing states that 47,534,373 shares of Atlassian Class B Common Stock are held of record by Farquhar Investment Partnership No. 2. Scott Farquhar has sole voting and sole dispositive power over all of these shares.

What is the difference between Atlassian’s Class A and Class B Common Stock?

Each Class A share has one vote, while each Class B share has ten votes. Class B shares are convertible into Class A shares one-for-one at the holder’s option and upon certain other events, and generally convert automatically upon transfer except for specified permitted transfers.

How many Atlassian (TEAM) shares were outstanding on December 31, 2025?

As of December 31, 2025, Atlassian had 170,436,795 shares of Class A Common Stock and 95,068,747 shares of Class B Common Stock outstanding. These figures are used in the filing to calculate Scott Farquhar’s ownership percentage and voting power.

What SEC form did Scott Farquhar file regarding Atlassian (TEAM)?

Scott Farquhar filed an Amendment No. 14 to Schedule 13G reporting his beneficial ownership in Atlassian’s Class A Common Stock. Schedule 13G is used by certain large shareholders to report significant ownership positions in a company’s equity securities.