Form 4: Atlassian Co-CEO Scott Farquhar Sells Class A Common Stock
SEC Form 4
Atlassian's Co-CEO and Co-Founder, Scott Farquhar, executed multiple sales of Class A Common Stock on May 30, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On May 30, 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 21, 2023.
- The transactions involved multiple trades at varying prices.
- A total of 8,241 shares were sold at prices ranging from $159.40 to $163.17.
- The sales were conducted through Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
- Following the reported transactions, Farquhar indirectly owns 160,425 to 166,143 shares of Class A Common Stock through the trust.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock sales under a pre-arranged plan, with no inherent positive or negative implications.
Industry Context
This filing is a routine disclosure of stock sales by a company executive and is a common practice among publicly traded companies. It provides transparency into insider transactions.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 2023/02/21 | Date of adoption of Rule 10b5-1 trading plan |
| 2024/05/30 | Date of transaction (sale of shares) |
| 2024/05/31 | Date of signature |
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