Farquhar Scott 4

What Happened
Scott Farquhar, a 10% owner of Atlassian Corporation (TEAM), sold 7,665 shares on 2026-01-20 at $118.19 per share for a total of $905,916. The sale is reported as an open-market or private sale and is a disposition (S), i.e., a sale rather than a purchase.

Key Details

• Transaction date: 2026-01-20; Filing date: 2026-01-21 (timely filing).
• Shares sold: 7,665 at $118.19 per share; proceeds ≈ $905,916.
• Ownership vehicle: Shares are held by Farquhar Investment Partnership No. 2 (footnote).
• Plan note: Transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 12, 2025 (footnote).
• Post-transaction holdings: Not specified in the provided excerpt of the filing.

Context
This was a planned sale under a Rule 10b5-1 plan, which typically schedules trades in advance and is intended to avoid implications of trading on inside information. As a sale by a large (10%) owner, it represents liquidity-taking rather than an affirmative purchase signal; purchases generally carry stronger indication of insider bullishness.