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Atlassian Corp·4

Feb 6, 4:35 PM ET

Farquhar Scott 4

Research Summary

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Updated

Atlassian (TEAM) 10% Owner Farquhar Scott Sells Shares

What Happened
Farquhar Scott, a reported 10% owner of Atlassian Corp (TEAM), sold a total of 7,665 shares in multiple open-market transactions on February 5, 2026. The filing lists eight sale blocks:

  • 1,750 shares @ $103.28 = $180,748
  • 850 shares @ $102.38 = $87,027
  • 950 shares @ $105.27 = $100,003
  • 1,400 shares @ $104.53 = $146,348
  • 1,415 shares @ $98.37 = $139,197
  • 50 shares @ $106.04 = $5,302
  • 350 shares @ $101.31 = $35,459
  • 900 shares @ $99.87 = $89,887
    Total sold: 7,665 shares for approximately $783,971. These were dispositions (sales), which are typically routine liquidity or rebalancing actions rather than affirmative bullish purchases.

Key Details

  • Transaction date: February 5, 2026; Form 4 filed February 6, 2026 (timely).
  • Reported per-share weighted-average prices are shown above; several footnotes state each block was executed in multiple trades during the day with price ranges (see footnotes F2–F9).
  • Total proceeds ≈ $783,971.
  • Shares held/owned following the transactions: not disclosed in the provided filing excerpt.
  • Notable footnotes:
    • F1: Transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on Feb 12, 2025.
    • F3: Shares sold are held by Farquhar Investment Partnership No. 2.
    • F2, F4–F9: Several trades were executed in multiple executions during the day; weighted-average prices are reported and specific per-trade details can be provided upon request to the SEC staff, issuer, or a security holder.

Context

  • A Rule 10b5-1 plan lets insiders sell shares according to a pre-set schedule even when they later possess material nonpublic information; sales under such plans are commonly used for planned liquidity and are viewed differently than ad-hoc insider sales.
  • As a 10% owner, Scott is a large shareholder (not necessarily an employee/executive trading on compensation); such disposals can reflect portfolio management rather than a signal about company fundamentals.
  • This filing shows sales (S codes). Purchases generally carry more weight as bullish signals; these reported sales are informational for investors tracking insider liquidity.