Form 4: Atlassian Co-CEO Scott Farquhar Sells Class A Common Stock
SEC Form 4
Atlassian's Co-CEO, Scott Farquhar, executed multiple sales of Class A Common Stock on August 28, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On August 28, 2024, Scott Farquhar, Co-CEO and Co-Founder of Atlassian, sold shares of Class A Common Stock.
- The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
- The transactions involved multiple trades at varying prices.
- A total of 7,948 shares were sold across four transactions with weighted average prices ranging from $160.64 to $163.33.
- Following the reported transactions, Farquhar indirectly owns 174,856 to 180,057 shares of Class A Common Stock through the Farquhar Family Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence in publicly traded companies and are often part of pre-planned diversification strategies or personal financial planning.
Stakeholder Impact
- The stock sales by a high-profile executive could have a minor, temporary impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/14/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 08/28/2024 | Date of stock sale transactions |
| 08/29/2024 | Date of signature on the SEC Form 4 |
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