Farquhar Scott 4

What Happened

• Farquhar Scott (reported as a 10% owner) sold a total of 7,665 Atlassian (TEAM) shares in multiple open-market transactions on January 22, 2026, for combined proceeds of approximately $966,641. Individual reported lots:
  • 3,350 shares @ $125.72 = $421,145
  • 1,551 shares @ $126.80 = $196,667
  • 784 shares @ $127.68 = $100,100
  • 730 shares @ $128.43 = $93,751
  • 800 shares @ $123.55 = $98,843
  • 450 shares @ $124.74 = $56,135
• These were sales (S) — not purchases — and therefore are typically considered routine dispositions rather than a bullish signal.

Key Details

• Transaction date: January 22, 2026; filing date: January 23, 2026 (timely).
• Reported prices per lot shown above; intra-day trade prices ranged roughly from $123.15 to $128.64 across the trades (see filing footnotes for per-lot ranges).
• Shares are held by Farquhar Investment Partnership No. 2 (per filing).
• One or more trades were effected pursuant to a Rule 10b5-1 trading plan adopted Feb 12, 2025 (pre-arranged trading).
• The filing includes undertakings to provide detailed per-trade quantities/prices on request to the SEC, issuer, or security holders.
• Shares owned after the transactions are not specified in the information provided here.

Context

• Sales by large shareholders (10% owners) can be for many reasons (liquidity, diversification, pre-set plans). The presence of a 10b5-1 plan indicates at least some trades were pre-arranged and not necessarily based on contemporaneous company information.
• For retail investors, purchases by insiders often carry more interpretive weight than routine sales; these reported sales do not by themselves indicate a change in company fundamentals.