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 July 12, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On July 12, 2024, Scott Farquhar, Co-CEO and Co-Founder of Atlassian, sold 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 100 shares were sold at a weighted average price of $177.965.
- An additional 150 shares were sold at a weighted average price of $179.0699.
- Further sales included 3,994 shares at $181.3744, 1,958 shares at $180.3643, and 1,746 shares at $182.1461.
- The shares are held by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
- Following these transactions, the number of shares beneficially owned indirectly by Farquhar through the trust is 437,140.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of insider trading activity. It is common for executives to sell shares under pre-arranged trading plans to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sales could have a minor impact on shareholders due to the potential for slight price fluctuations.
Key Dates
| Date | Description |
|---|---|
| 02/14/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 07/12/2024 | Date of stock sale transactions |
| 07/15/2024 | Date of signature on the Form 4 filing |
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