Form 4: Atlassian Co-CEO Scott Farquhar Executes Stock Sales Under 10b5-1 Trading Plan
SEC Form 4 Filing
Atlassian's Co-CEO, Scott Farquhar, reports multiple sales of Class A Common Stock on July 1, 2024, executed under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Scott Farquhar, Co-CEO and Co-Founder of Atlassian, reported the sale of Class A Common Stock on July 1, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
- The transactions involved multiple sales at varying prices, with weighted-average prices reported for each set of trades.
- Farquhar sold shares indirectly through the Farquhar Family Trust, held by Skip Enterprises Pty Limited as trustee.
- The total number of shares sold was 7,948.
- The price per share ranged from $173.93 to $178.44.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The document does not contain any specific forward-looking statements, but it indicates ongoing transactions under a pre-arranged trading plan.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, which is common for executives of publicly traded companies. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The stock sales by a company insider may have a minor impact on shareholder sentiment, but the existence of a pre-arranged trading plan mitigates concerns about opportunistic trading.
Key Dates
| Date | Description |
|---|---|
| 02/14/2024 | Date of adoption of the Rule 10b5-1 trading plan. |
| 07/01/2024 | Date of the stock sale transactions. |
| 07/02/2024 | Date of the Form 4 filing. |
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