Form 4: Atlassian Co-CEO Scott Farquhar Reports Stock Sales Under 10b5-1 Plan
SEC Form 4 Filing
Atlassian's Co-CEO and Co-Founder, Scott Farquhar, reports the sale of Class A Common Stock through a pre-arranged Rule 10b5-1 trading plan.
Summary
- Scott Farquhar, Co-CEO and Co-Founder of Atlassian, filed a Form 4 detailing the sale of Class A Common Stock on April 8, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on February 21, 2023.
- A total of 8,241 shares were sold at varying prices, ranging from $195.3722 to $198.895 per share.
- The shares were sold indirectly through Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
- Following the reported transactions, Farquhar indirectly owns 465,342 shares of Class A Common Stock through the trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales under a pre-arranged trading plan, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock sales by a company executive and is common practice for executives who have pre-arranged trading plans to avoid accusations of insider trading.
Stakeholder Impact
- The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| February 21, 2023 | Date the Reporting Person adopted the Rule 10b5-1 trading plan |
| April 8, 2024 | Date of the reported stock sales |
| April 9, 2024 | Date of the Form 4 filing |
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