Farquhar Scott 4

What Happened Scott Farquhar, a reported 10% owner of Atlassian Corp (TEAM), sold a total of 7,665 shares in open‑market transactions on February 6, 2026. The sales were executed in multiple lots at weighted‑average prices reported per lot (ranging roughly from $93.10 to $101.75), generating aggregate proceeds of approximately $726,717. At least one of the transactions was effected pursuant to a Rule 10b5‑1 trading plan adopted by Farquhar on February 12, 2025. These were disposals (sales), not purchases.

Key Details

• Date of transactions: February 6, 2026 (filing date: February 6, 2026).
• Lots sold (WAP / proceeds):
  • 2,500 shares @ $94.10 = $235,238
  • 2,065 shares @ $95.08 = $196,341
  • 1,850 shares @ $93.10 = $172,233
  • 350 shares @ $96.02 = $33,607
  • 300 shares @ $96.95 = $29,087
  • 250 shares @ $100.81 = $25,202
  • 200 shares @ $99.64 = $19,927
  • 100 shares @ $101.75 = $10,175
  • 50 shares @ $98.13 = $4,907
  • Total: 7,665 shares for ~$726,717.
• Shares owned after the transactions: Not specified in the provided filing details.
• Notable footnotes: one transaction was under a Rule 10b5‑1 plan (adopted Feb 12, 2025); several lots were executed as multiple trades during the day with reported price ranges and weighted‑average prices; some shares are held by Farquhar Investment Partnership No. 2. The reporting person offered to provide full execution details upon request.
• Filing timeliness: Reported on the same day as the transactions (no late filing indicated).

Context This report documents sales by a 10% owner rather than a purchase or option exercise. Sales by large holders can reflect preplanned trading (e.g., a 10b5‑1 plan) or portfolio decisions; the filing itself does not state the seller’s motivation. The presence of a 10b5‑1 plan and multiple intraday executions indicates at least some trades were prearranged and/or executed across several fills.