[SCHEDULE 13G/A] Atlassian Corporation SEC Filing

Rhea-AI Filing Summary

Scott Farquhar reports beneficial ownership of 48,515,493 Class B shares of Atlassian held of record by Farquhar Investment Partnership No. 2. The filing states Mr. Farquhar has sole voting and sole dispositive power over those shares, and that each Class B share is convertible into one share of Class A common stock. The filing discloses 165,949,196 shares of Class A and 97,030,987 shares of Class B outstanding; the reported holdings equal 22.6% of the Class A-equivalent calculation and represent approximately 42.7% of combined voting power because Class B shares carry ten votes each.

Positive

• Material ownership disclosed: Reporting person beneficially owns 48,515,493 Class B shares held of record by Farquhar Investment Partnership No. 2.
• Sole control documented: The filing states sole voting power and sole dispositive power over the reported shares.
• Clear conversion mechanics: Each Class B share is stated to be convertible into one share of Class A common stock, and issuer-reported outstanding share counts are provided.

Negative

• Concentrated voting control: Class B shares carry ten votes each, and the reported holdings represent approximately 42.7% of combined voting power, concentrating influence.
• Reported percentage does not reflect voting weight: The 22.6% figure is on a Class A-equivalent basis and explicitly does not show the ten-for-one voting power of Class B shares.

Insights

Financial Analyst

TL;DR: Founder Scott Farquhar holds a material, clearly disclosed economic stake and concentrated voting influence in Atlassian.

The Schedule 13G/A documents a sizeable ownership position: 48,515,493 Class B shares held of record with sole voting and dispositive power. The filer explains conversion mechanics and the calculation basis used to report a 22.6% stake on a Class A-equivalent basis while noting the ten-for-one voting ratio of Class B shares. This is a material disclosure for investors because it quantifies both economic ownership and concentrated voting control with precise share counts and the issuer-reported totals used in the percentage calculation.

Corporate Governance Expert

TL;DR: The filing highlights dual-class structure effects—economic ownership differs from voting control due to Class B ten-vote shares.

The statement clarifies that Class B shares convert one-for-one to Class A for percentage computations but retain a ten-for-one voting advantage, producing an outsized share of aggregate voting power (approximately 42.7%). The disclosure is substantive for governance assessment because it quantifies how voting influence is concentrated despite the reported 22.6% Class A-equivalent figure, enabling investors to assess control dynamics based on exact outstanding share counts reported by the issuer.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 12)

Atlassian Corporation

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

049468101

(CUSIP Number)

06/30/2025

(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 48,515,493.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 48,515,493.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

48,515,493.00

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)

22.6 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: The shares reflected in Row 9 represent 48,515,493 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 165,949,196 shares of Class A Common Stock and 97,030,987 shares of Class B Common Stock outstanding as of June 30, 2025, as reported by the Issuer to the reporting person, including the 48,515,493 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 42.7% 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, CA, 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: 48,515,493 shares of Class B Common Stock, held of record by Farquhar Investment Partnership No. 2.
(b)	Percent of class: Represents approximately 22.6% 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 165,949,196 shares of Class A Common Stock outstanding as of June 30, 2025, plus 48,515,493 shares of Class B Common Stock beneficially owned by the reporting person. There were 165,949,196 shares of Class A Common Stock and 97,030,987 shares of Class B Common Stock outstanding as of June 30, 2025. The 48,515,493 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: 48,515,493
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 48,515,493
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
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:	08/08/2025

FAQ

How many Atlassian (TEAM) shares does Scott Farquhar beneficially own?

The filing reports 48,515,493 shares of Class B common stock held of record by Farquhar Investment Partnership No. 2.

What percent of the class does Scott Farquhar's holding represent for TEAM?

On a Class A-equivalent basis used for the filing, the holdings represent 22.6% of the outstanding Class A common stock.

How much voting power do those TEAM shares represent?

Because Class B shares carry ten votes each, the reported shares represent approximately 42.7% of the aggregate combined voting power of Class A and Class B shares.

Does Scott Farquhar have the ability to vote or sell the reported TEAM shares?

Yes; the filing states he has sole voting power and sole dispositive power over the 48,515,493 Class B shares.

What outstanding share counts did the filer use to calculate percentages for TEAM?

The filer used issuer-reported totals of 165,949,196 Class A shares and 97,030,987 Class B shares outstanding.