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Atlassian Corp·4

Feb 5, 4:34 PM ET

Farquhar Scott 4

Research Summary

AI-generated summary

Updated

Atlassian (TEAM) Co‑Founder Scott Farquhar Sells 7,665 Shares

What Happened

  • Scott Farquhar, a co‑founder and 10% owner of Atlassian Corporation (TEAM), sold a total of 7,665 shares in open‑market transactions on February 4, 2026, for aggregate proceeds of approximately $805,880. The sales were executed as multiple trades with weighted‑average prices reported for each lot.
  • Breakdown of reported trades:
    • 650 shares @ $106.23 = $69,052
    • 150 shares @ $103.05 = $15,458
    • 750 shares @ $107.26 = $80,448
    • 250 shares @ $100.34 = $25,084
    • 850 shares @ $104.43 = $88,763
    • 200 shares @ $99.14 = $19,828
    • 3,715 shares @ $105.16 = $390,653
    • 400 shares @ $102.06 = $40,825
    • 700 shares @ $108.24 = $75,769
  • These were sales (S) — typically considered routine disposition of shares rather than a bullish signal from an insider.

Key Details

  • Transaction date: February 4, 2026; Form 4 filed February 5, 2026 (timely filing).
  • Aggregate shares sold: 7,665; aggregate proceeds: ~$805,880.
  • Shares owned after the transaction: not specified in the provided excerpt of the filing.
  • Notable footnotes:
    • The reporting person adopted a Rule 10b5‑1 trading plan on February 12, 2025 (sales were effected pursuant to that plan).
    • Some lots were executed as multiple intraday trades; the filing reports weighted‑average prices and discloses intra‑day price ranges upon request to the SEC staff or issuer.
    • Certain shares are held via Farquhar Investment Partnership No. 2.
  • Filing timeliness: Filing appears timely (filed the next day); no late filing indicated.

Context

  • Sales under a prearranged Rule 10b5‑1 plan are planned dispositions and do not necessarily signal a change in the insider’s view of the company. Farquhar is a large shareholder/co‑founder (10% owner), so these transactions reflect major‑holder selling rather than routine employee compensation sales.
  • For retail investors, purchases by insiders tend to be more informative about insider sentiment; however, disclosure of 10b5‑1 use and the large holder status are useful context for interpreting these sales.