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 August 20, 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 August 20, 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.
• Farquhar sold 5,495 shares at a weighted-average price of $155.9329, 250 shares at $157.971, 1,653 shares at $155.0319, and 550 shares at $157.059.
• Following the reported transactions, Farquhar indirectly owns 222,544 shares of Class A Common Stock through the Farquhar Family Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock sales by an executive. 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, which is common for executives of publicly traded companies. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The sale of shares by a high-profile executive could potentially create short-term uncertainty among shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates