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 June 12, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, Co-CEO and Co-Founder of Atlassian, sold Class A Common Stock on June 12, 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.
• A total of 1,509 shares were sold at a weighted average price of $164.7399.
• An additional 200 shares were sold at a weighted average price of $165.625.
• Further sales included 1,650 shares at $164.0817 and 4,589 shares at $162.8561.
• Following these transactions, Farquhar indirectly owns 87,428 shares through the Farquhar Family Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating stock sales by an insider. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives to sell shares under pre-arranged trading plans to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sale could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the pre-planned nature of the transactions.

Key Dates