Form 4: Atlassian Chief Accounting Officer Sells Shares Under 10b5-1 Plan

Atlassian's Chief Accounting Officer, Gene Liu, sold 779 shares of Class A Common Stock at $320.01 per share on January 31, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Gene Liu, the Chief Accounting Officer of Atlassian, sold 779 shares of Class A Common Stock on January 31, 2025.
• The sale was executed at a price of $320.01 per share.
• This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 30, 2023.
• Following the transaction, Mr. Liu directly owns 52,710 shares of Class A Common Stock.
• Additionally, Mr. Liu indirectly owns 120 shares through his spouse.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of an insider stock sale under a pre-arranged plan, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine disclosure of an insider stock sale, which is common for executives of publicly traded companies. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on any non-public information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among executives at publicly traded companies like Atlassian, including peers such as Microsoft, Adobe, and Salesforce.
• These plans allow insiders to sell shares without concerns about insider trading violations, as the trades are pre-scheduled.
• The volume of shares sold is relatively small compared to the total outstanding shares of Atlassian, and is not unusual for an executive's planned sales.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, as it is a small transaction by an executive under a pre-arranged plan.

Key Dates

Keywords

Atlassian, insider trading, Form 4, stock sale, Rule 10b5-1, Gene Liu, Chief Accounting Officer, TEAM