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 April 30, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, Co-CEO and Co-Founder of Atlassian, reported the sale of Class A Common Stock on April 30, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 21, 2023.
• The transactions involved multiple trades at varying prices, with weighted-average prices reported for each set of trades.
• The shares are indirectly held by the Farquhar Family Trust, with Skip Enterprises Pty Limited as trustee.
• Farquhar sold 50 shares at $175.82, 2,988 shares at $172.5451, 3,299 shares at $173.5634, 1,134 shares at $171.6315, and 770 shares at $174.4501.
• Following these transactions, the number of shares beneficially owned by the Farquhar Family Trust decreased.

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 negative impact on shareholder sentiment, although sales under 10b5-1 plans are common and usually anticipated.

Key Dates