Form 4: Atlassian Co-CEO Scott Farquhar Reports Stock Sales Under 10b5-1 Plan

Atlassian's Co-CEO, Scott Farquhar, reports multiple sales of Class A Common Stock executed on April 4, 2024, 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 April 4, 2024.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 21, 2023.
• The transactions involved multiple trades at varying prices throughout the day.
• A total of 8,298 shares were sold across seven transactions.
• The shares are held by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• The price per share ranged from $192.647 to $198.803 across the transactions.
• Following the reported transactions, Farquhar indirectly owns 481,824 to 489,665 shares through the Farquhar Family Trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock sales under a pre-arranged plan, indicating a neutral sentiment.

Industry Context

Executive stock sales are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares without being accused of trading on non-public information. Investors often monitor these filings to understand executive sentiment and potential impact on stock supply.

Stakeholder Impact

• The stock sales could potentially exert downward pressure on the stock price, impacting shareholders.
• The sales do not appear to have any immediate impact on employees, customers, suppliers, or creditors.

Key Dates