Atlassian Co-Founder Sells $1.15M in TEAM Stock via 10b5-1 Plan
Atlassian Corp
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Filing Summary
Atlassian Co-Founder Sells $1.15M in TEAM Stock
Company: Atlassian Corp (TEAM) Form: 4 | Filed: 2025-12-01 Significance: Low
Insider: Farquhar Scott Title: n/a | Relationship: Director, 10% Owner
Transaction: • Type: Sell • Shares: 7,665 • Avg Price: $150.12 • Value: $1,150,651 • Owned After: 168,630
Key Insight: This sale was executed under a pre-arranged Rule 10b5-1 trading plan established in February 2025, suggesting it is for personal financial management rather than a reaction to new company information.
Market Context: For a co-founder of a large-cap company ($39.94B), this transaction is routine and represents a negligible fraction (0.0029%) of the company's market capitalization.
This is PUBLIC SEC data for educational purposes. Not investment advice.
Comprehensive Analysis
SEC Filing Analysis: Atlassian Corp (TEAM)
Executive Summary
- Trading Significance: Low
- Key Takeaway: Atlassian co-founder Scott Farquhar conducted a routine, pre-planned sale of company stock totaling approximately $1.15 million.
- Market Impact: The transaction is considered immaterial given Atlassian's large market capitalization and the fact it was executed under a Rule 10b5-1 plan.
Company Information
| Field | Value |
|---|---|
| Company | Atlassian Corp |
| Ticker Symbol | TEAM |
| CIK | 0001650372 |
| Industry | SERVICES-PREPACKAGED SOFTWARE |
Insider Information
| Field | Value |
|---|---|
| Name | Farquhar Scott |
| CIK | 0001666121 |
| Title/Position | Not Specified |
| Relationship | Director, 10% Owner |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 4 |
| Transaction Date | 2025-11-28 |
| Transaction Code | S (Sale) |
| Security Type | Class A Common Stock |
| Shares Involved | 7,665 |
| Avg Price Per Share | $150.12 |
| Total Value | $1,150,651 |
| Shares Owned After | 168,630 |
| Ownership Type | Indirect |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $1,150,651 |
| % of Market Cap | 0.0029% |
| Shares Transacted | 7,665 |
| % of Shares Outstanding | Not Available |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: The $1.15 million sale is negligible against Atlassian's market capitalization of $39.94 billion. Such transactions have no meaningful impact on the company's valuation or share structure.
- Ownership Concentration: While the insider is a significant owner, this sale represents a very small portion of his overall holdings and is a common diversification activity for company founders.
- Transaction Significance: The transaction's value is well below the 0.1% of market cap threshold for moderate significance, categorizing it as a low-impact event.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: The sale was pre-scheduled under a 10b5-1 plan, removing any implication of the insider trading on new information. The size is immaterial relative to the company's market cap and daily trading volume.
Volume & Sentiment
- Expected Volume Impact: Minimal. The number of shares is unlikely to affect trading volume noticeably.
- Sentiment Indicator: Neutral. The market generally views pre-planned sales by founders for diversification as non-events.
Additional Context
Transaction Notes
- Special Circumstances: The filing explicitly states all transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on February 12, 2025. The shares are held indirectly by Farquhar Investment Partnership No. 2.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.