Farquhar Scott 4

What Happened

• Scott Farquhar, a reported 10% owner of Atlassian (TEAM), sold a total of 7,665 shares in open-market transactions on January 21, 2026, generating aggregate proceeds of approximately $930,575. The sales were reported on a Form 4 filed January 22, 2026.
• Breakdown by trade: 3,893 sh @ $121.52 ($473,087); 2,022 sh @ $122.27 ($247,239); 250 sh @ $119.18 ($29,795); 1,300 sh @ $120.48 ($156,625); 150 sh @ $117.86 ($17,679); 50 sh @ $122.99 ($6,150). All transactions are coded as sales (S).

Key Details

• Transaction date: January 21, 2026; Form 4 filed January 22, 2026 (timely filing).
• Total shares sold: 7,665; total proceeds: ~$930,575.
• Notable footnotes: some sales were effected pursuant to a Rule 10b5-1 trading plan (footnote F1). Several line items were executed as multiple trades during the day and reported as weighted‑average prices (footnotes F2, F4–F7). Shares in at least one line are held by Farquhar Investment Partnership No. 2 (F3).
• Shares owned after the transactions: not specified in the provided excerpt—see the full Form 4 for the post-transaction beneficial ownership amount.

Context

• These were open‑market sales (not purchases); sales by large holders can be routine (e.g., portfolio management or plan-based selling) and do not by themselves indicate company performance. The presence of a Rule 10b5‑1 plan means some trades were pre‑arranged. As a 10% owner, Farquhar is a substantial shareholder rather than a typical employee insider; retail investors should weigh this as one data point among others.