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

Atlassian's Co-CEO and Co-Founder, Scott Farquhar, executed multiple sales of Class A Common Stock on May 9, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 9, 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 700 shares were sold at a weighted-average price of $179.2959.
• An additional 800 shares were sold at a weighted-average price of $180.8812.
• Further sales included 6,491 shares at $179.9626 and 250 shares at $181.8129.
• The shares are held by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Following these transactions, the number of shares held indirectly by trust are 275,799.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating stock sales by an executive. The sales were conducted under a pre-arranged trading plan, suggesting a neutral 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 could have a minor impact on shareholder sentiment, although the pre-planned nature of the transactions mitigates potential concerns.

Key Dates