Form 4: Atlassian Co-CEO Scott Farquhar Sells Class A Common Stock

Atlassian's Co-CEO, Scott Farquhar, executed multiple sales of Class A Common Stock on July 17, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, Co-CEO and Co-Founder of Atlassian, sold shares of Class A Common Stock on July 17, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The transactions involved multiple trades at varying prices, with weighted-average prices reported for each set of trades.
• The shares are held by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• The total number of shares sold was 8,048.
• The sales prices ranged from $179.4189 to $183.49 per share.
• Following the reported transactions, the number of shares beneficially owned indirectly by Farquhar through the trust is 413,296.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider and is a common occurrence in publicly traded companies. It provides transparency into the trading activities of executives and directors.

Key Dates